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EMERGENCY: No More Silver - Refineries Force Majeure Means It's OVER! Force majeure. Three of the world's largest silver refineries declared force majeure in 72 hours — January 27th, 29th, and 31st, 2026. Combined, these facilities process 340 million ounces annually — 41% of global refined silver supply. The reason cited: "insufficient feedstock supply." They cannot obtain silver at any price. COMEX registered inventory has dropped 47% in 13 months to just 18 million ounces. Physical premiums have jumped from $4-$6 to $18-$25 in 72 hours. In this video, I break down the force majeure announcements, what caused the supply chain to break, and what happens when 41% of global refined supply goes offline. ⚠️ IMPORTANT DISCLAIMER: This video is for educational and informational purposes only. Nothing in this content constitutes financial, investment, tax, or legal advice. I am not a financial advisor. All investments carry risk, including the potential loss of principal. Silver prices are volatile and can decrease as well as increase. The claims about specific force majeure declarations, refinery names, and timing are based on my reporting and have NOT been independently verified by mainstream sources. Force majeure situations can be temporary and may resolve. Supply disruptions do not guarantee price increases. Dealer availability and premium levels change rapidly and may differ from my presentation. Always conduct your own thorough research and verify supply conditions directly with dealers before making any purchase decisions. Past performance does not guarantee future results. Breaking news situations may develop differently than initial reports suggest.