Will there be a silver exchange default? Expert on silver short squeeze in London and the crisis

Silver prices have exploded to a record high near $53 an ounce, igniting fears of a potential exchange delivery default — a rare but seismic event that could shake global commodity markets. The rally, triggered by a short squeeze in London, has pushed the metal’s price above the psychologically crucial $50 mark for only the second time in history, the last being in 1980 during the Hunt brothers’ infamous attempt to corner the market. Advertisement

At the heart of this unprecedented rally is an acute shortage of physical silver and a massive mismatch between paper contracts and the actual metal available for delivery. According to Alok Jain of Weekend Investing, the situation has evolved into what he calls a “potential market disruption event.”

“Across the world, there is silver in abund