John Rubino's Substack

John Rubino's Substack

Silver's 2026 Open: Irresistable Force Meets Immovable Object

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John Rubino
Jan 01, 2026
∙ Paid

Specifically, Institutional buying meets higher Comex margins

Comex Margins

The paper metals markets have traditionally responded to spiking prices by raising margin requirements. Players who can’t come up with the extra money have to liquidate their positions, which causes prices to fall. That accounts for at least part of the brutal end to last year’s s…

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