NO BID! Refiners REJECT 90% Silver as Credit FREEZES (Wholesale Collapse)

Silver’s rally is making headlines… but the real danger is happening where most people never look: inside the wholesale supply chain. In this investigative breakdown, we expose why refiners and large wholesalers are refusing to bid on 90% “junk silver” during a historic silver spike — and how a silent credit freeze can break the distribution system even when demand is exploding.

Using the SD Bullion CEO’s own letter as evidence, we connect the dots between maxed-out credit terms, rising hedging and margin costs, settlement pressure, and the refining time-lag trap that turns 90% silver into a “no bid” product for institutions. This is not a normal bull market. It’s a market where liquidity matters more than value — and that creates distortions, premiums, shortages, and sudden price gaps.

If the financial system can’t finance metal at $100+ silver, what happens next when panic demand meets a broken pipeline? This is the mechanics story behind the move — the part that explains why paper prices and physical availability can violently diverge.

Comment below: Do you think this ends with cash-settlement pressure… or a full price-discovery reset?

TIMESTAMPS:
00:00 Silver Shock Weekend: Why This Move Feels Different
00:42 War Premium Returns: Middle East Risk & Safe-Haven Demand
01:28 Shanghai vs COMEX Spread: The Pressure Point Nobody Can Ignore
02:12 The Hidden Crisis: Silver Supply Chain Starts Breaking
03:10 SD Bullion CEO Letter Revealed: “Absolute Circus” Inside Wholesale
04:06 Maxed-Out Credit Terms: Why Wholesalers Can’t Restock Inventory
05:12 Hedging Costs Explode: Margin Pressure & Liquidity Drain
06:05 What a Credit Freeze Looks Like in Precious Metals
06:57 NO BID on 90% Silver: The Refiners’ Shocking Refusal Explained
07:48 The Refining Time-Lag Trap: Why Junk Silver Gets Rejected
08:52 Under-Spot Anomalies: How Broken Markets Create Distorted Prices
10:02 Why This “Discount” Can Vanish Overnight
11:03 Distressed Selling Begins: Why Wholesalers Dump Inventory in a Bull Run
12:02 The Great Transfer: Weak Hands vs Strong Hands (Cash Wins)
13:08 Paper Price vs Physical Reality: Two Silver Markets Forming
14:17 Sunday Night Open Setup: Gap Risk, Volatility & What Comes Next
15:08 If Silver Gaps Higher: Why The Credit Crunch Gets Worse
16:05 Final Warning: When the Buy Button Stops Working