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If it feels like something just broke in the financial system, you’re not imagining it. The market is flashing signals we rarely see together. The spread has exploded to $13, while Shanghai physical pricing has surged to $104. This isn’t normal volatility — it’s systemic stress. This move isn’t random. It’s a structural rupture. In this urgent market breakdown, we explain why banks are now trapped between widening spreads, collapsing paper confidence, and a physical market that is no longer responding to suppression. This is the early stage of the 2026 Endgame. We break down why price discovery is failing, why Shanghai is signaling real scarcity, and why the traditional escape routes for banks are closing fast. This is where intervention stops working and the system starts feeding on itself. In this video, we cover: Why the $13 spread signals a liquidity breakdown What Shanghai at $104 reveals about physical demand How banks are being trapped by balance sheets and regulation Why paper and physical markets are decoupling Why this collapse is different from 2008, 2020, and 2023 ⚠️ DISCLAIMER This content is for educational purposes only and reflects personal market analysis, not financial advice. Markets are volatile and involve risk. Always conduct your own research and consult a qualified advisor before making investment decisions. 🔍 SEO TAGS 2026 Financial Collapse,Spread Explosion,Shanghai Premium,Physical vs Paper,Bank Liquidity Crisis,Market Breakdown,Price Discovery Failure,Global Financial Stress,Precious Metals News,Endgame Thesis