Mark Your Calendars For Silver's Day Of Reckoning

Benzinga

Feb 09

The recent silver correction might have been the largest in history, yet it has not done much to reduce the interest in the metal. Instead of forcing traders out of their positions, demand for ...

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Instead of forcing traders out of their positions, demand for ...</p>\n\n<a href=\"https://www.benzinga.com/markets/commodities/26/02/50475401/mark-your-calendars-for-silvers-day-of-reckoning\">Source Link</a>\n\n</div>\n","source":"benzinga_hot_news","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Mark Your Calendars For Silver's Day Of Reckoning</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nMark Your Calendars For Silver's Day Of Reckoning\n</h2>\n\n<h4 class=\"meta\">\n\n\n2026-02-09 20:06 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.benzinga.com/markets/commodities/26/02/50475401/mark-your-calendars-for-silvers-day-of-reckoning><strong>Benzinga</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The recent silver correction might have been the largest in history, yet it has not done much to reduce the interest in the metal. Instead of forcing traders out of their positions, demand for ...</p>\n\n<a href=\"https://www.benzinga.com/markets/commodities/26/02/50475401/mark-your-calendars-for-silvers-day-of-reckoning\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"XME","symbol_name":"金属与采矿指数ETF-SPDR","start_time":0,"source_url":"https://www.benzinga.com/markets/commodities/26/02/50475401/mark-your-calendars-for-silvers-day-of-reckoning","article_id":"2610637006","we_media_id":null,"thumbnails":["https://cdn.benzinga.com/files/images/story/2026/02/09/Stacked-Silver-Bars-Representing-Reserve.jpeg?optimize=medium&dpr=2&auto=webp&width=630"],"rights":{"source":"benzinga_hot_news","url":"https://www.benzinga.com/markets/commodities/26/02/50475401/mark-your-calendars-for-silvers-day-of-reckoning","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2610637006","pubTimestamp":1770638760,"columns":[],"sourceInfo":{"source_id":"benzinga_hot_news","name":"Benzinga"},"weMediaInfo":null,"summary":"The recent silver correction might have been the largest in history, yet it has not done much to reduce the interest in the metal. Instead of forcing traders out of their positions, demand for physical metal appears to remain intact.However, the tension between the paper and physical market has to be resolved. Open interest declined from roughly 110,000 contracts in early December to about 76,000 in March. Still, that level is historically large enough to cause problems if too many holders demand physical delivery.The price dynamics themselves have also created an unintended consequence. Lower prices, instead of easing stress on the system, tend to encourage buyers to accumulate more silver while it appears cheap.As the Sirius report recently noted, when a commodity is already in shortage, pushing prices down simply prompts more participants to \"pile in and buy as much as they can because it's even cheaper.\". Furthermore, with assets like equities, commodities, and crypto moving down i","collect":0,"end_time":0,"defaultTopTitle":"benzinga.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"XME":"金属与采矿指数ETF-SPDR","BK4547":"WSB热门概念","BK4535":"淡马锡持仓","PSLV":"Sprott Physical Silver Trust","ZSL":"Proshares二倍做空白银ETF","AGQ":"2倍做多白银ETF-ProShares","SLV":"白银ETF-iShares","BK4588":"碎股","SIVR":"Abrdn Silver ETF Trust","BK4585":"ETF&股票定投概念","SIL":"Silver Miners Etf"},"translate_title":"在您的日历上标记白银清算日","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"AGQ":0.69,"SIL":0.69,"SIVR":0.69,"XME":0.69,"SLV":0.69,"ZSL":0.69,"PSLV":0.9},"content_text":"The recent silver correction might have been the largest in history, yet it has not done much to reduce the interest in the metal. Instead of forcing traders out of their positions, demand for physical metal appears to remain intact.\nHowever, the tension between the paper and physical market has to be resolved. Open interest declined from roughly 110,000 contracts in early December to about 76,000 in March. Still, that level is historically large enough to cause problems if too many holders demand physical delivery.\nThe price dynamics themselves have also created an unintended consequence. Lower prices, instead of easing stress on the system, tend to encourage buyers to accumulate more silver while it appears cheap.\nAs the Sirius report recently noted, when a commodity is already in shortage, pushing prices down simply prompts more participants to \"pile in and buy as much as they can because it's even cheaper.\"\nFurthermore, with assets like equities, commodities, and crypto moving down in lockstep recently, Sirius Report warns of a lack of options to reduce margin.\n\"In the past, if somebody needed a margin call in equities, they would just sell a bunch of contracts in silver. They would use that as a conduit to be able to get cheap money on the quick,\" they pointed out, explaining how that is no longer possible owing to strong physical demand.\nThis behavior has contributed to a steady drain from exchange vaults. Recent depository data shows millions of ounces leaving COMEX storage in just a single session, with total inventories continuing to slide.\nFormer investment banker Felix Prehn argues the issue is becoming acute ahead of the next major delivery cycle.\nTotal silver inventory numbers often include both \"registered\" metal—available for delivery—and \"eligible\" metal, which belongs to private owners and cannot be used unless they choose to sell. Prehn warns that the difference between registered and eligible is enormous.\nAccording to his calculations, the COMEX currently holds about 400 million ounces, but only 103 million ounces of registered silver are available for delivery. Furthermore, registered inventory is down 70% since 2020.\n\"It's like having 100 pizzas and 400 very hungry people showing up for dinner,\" he says, warning that the math doesn't work if a significant share of contract holders request physical metal.\nThe critical date is February 27, the first notice day for March delivery. On that day, traders must declare whether they intend to take physical silver rather than cash settlement.\nWith vault inventories reportedly declining, even a modest demand could clear the remaining registered inventory. What happens then?  That's a question numerous market participants will try to answer over the next 3 weeks.\nPrice Watch: Sprott Physical Silver Trust (NYSE:PSLV) is up 5.37% year-to-date.\nImage via Shutterstock\nTo add Benzinga News as your preferred source on Google, click here.","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}