Silver Didn’t Crash — The Paper Game Collapsed


Today Muthu Boy's prata shop also quieter, but silver market even more jialat sia 😅


Took profit when silver around 100 — last leg rally fly to 120, I watch only after that.

Silver down 28.54% in one day. People panic like prata no curry.

$iShares Silver Trust(SLV)$  

Silver bullion at Millenia Walk is less crowded today, maybe because it’s lunchtime, and it’s hard to compare with the usual weekday lunch rush.

Let Muthu Boy explain in kopi-shop language, don’t say I bluff you ah.

🫓 What really happened to Silver ($SLV)?

13 Jan

CME suddenly change rules.

Last time margin fixed price, now change to percentage-based.

Means what?

Silver price go up → need put more money.

Even small drop → margin call come like debt collector 📞

27 Jan

CME not happy yet.

One week increase margin TWICE.

Nine days FIVE times hike.

Leverage players kena squeeze until like prata press too hard, all oil come out.

30 Jan (Today)

Western market say Fed this Fed that.

Aiya, that one just noise lah.

Real drama happen in Asia.

China silver fund (UBS SDIC) trade crazy premium, up to 64% higher than China futures.

Then boom 💥

Shenzhen exchange press emergency button — FULL DAY TRADING HALT.

Chinese traders stuck inside.

Cannot sell their local silver.

Need cash urgently → what they do?

👉 Dump $SLV and COMEX futures

👉 Hedge, raise cash, anyhow sell first

Silver didn’t suddenly become worthless.

This is not silver problem.

This is “paper silver” problem.

CME keep hiking margin

China market kena liquidity trap

Leverage players kena forced sell

Domino effect → market crash

Fed chair?

Already priced in long time ago lah.

Just story for newspaper headline.

🫓 Conclusion from Muthu Boy:

Today silver crash is not God punishing silver.

It’s exchange rules killing leverage.

Paper game failed.

Big boys wiped out.

Small retail cry.

Same like prata business: Too much leverage, too thin margin, one day curry spill — whole table gone.

Eat prata slowly, invest also slowly, boss.

Don’t play paper until lupa real value. 😌🫓

@TigerPM  @TigerObserver  @Tiger_comments  @Daily_Discussion  @TigerStars  

# 💰Stocks to watch today?(3 Feb)

Modify on 2026-01-31 14:40

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  • Ah_Meng
    ·02-01 12:12
    TOP
    Yup… expected… actually CME’s action doesn’t matter. China is the main show… will see how that plays out. Cryptocurrency led by bitcoin is breaking down too… bitcoin going below $80k might just signal more corrections in the broader market to come…
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  • Sandyboy
    ·02-02 11:13
    TOP
    The question is where will the disparity between paper silver and physical silver lead to. Can this lead to coubterparty risk which can possibly collapse the whole paper market? Not very different from crypto hahaha, will this lead to loss of trust on paper gold/silver?
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    • Shernice軒嬣 2000Replying toShernice軒嬣 2000
      There is currently a massive premium, 50% on silver in the Shanghai market compared to Western spot prices. Price should recover.
      02-02 17:54
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    • Shernice軒嬣 2000
      It can also raise margin requirements at will. If necessary, it can even invalidate an entire day’s contracts—again, justified as protecting “market interest"
      02-02 17:25
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    • Shernice軒嬣 2000
      COMEX sets the rules in the name of “market interest.” It can roll physical delivery contracts to later dates to protect itself and its member banks, effectively eliminating counter-delivery risk.
      02-02 17:24
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  • InverseCramer
    ·02-01 13:32
    TOP
    Wow. Thank you for the amazing explanation. Hahahah love it
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  • Shernice軒嬣 2000
    ·02-01 09:34
    @Ah_Meng another bloodbath on Monday.
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