Thoughtful Money with Adam Taggart Will Silver Hit $75/oz Soon? How About $100/oz? | Andy Schectman
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Dec 18, 2025 
Andy Schectman, a seasoned precious metals dealer, shares intriguing insights on the silver market's recent surge above $66/oz. He discusses significant deliveries, JP Morgan's changing positions, and the implications of COMEX inventory movements. Geopolitical factors, including China's export curbs, play a role in supply dynamics. Andy predicts potential triple-digit prices for silver, driven by mine supply deficits and growing industrial demand. He also tackles myths surrounding silver confiscation and explores the future of gold and silver in global monetary systems.
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Big Banks Can Flip Market Direction
- Major banks shifting their positions can flip market direction quickly and materially.
- Andy Schectman says JP Morgan may have stopped shorting and become the largest long, changing the dynamics.
Non-Deliverable Vaulting Tightens Supply
- Metal moved into non-deliverable vaults removes supply from the settlement pool.
- Andy notes 169 million ounces were reclassified as non-deliverable, tightening deliverable supply.
Delivery Volume Reveals Real Demand
- Physical deliveries into COMEX have surged, revealing real demand behind prices.
- Andy reports ~58 million ounces of silver delivered in the first 12 days of the December contract.