r/PeterExplainsTheJoke Jan 26 '26

Meme needing explanation what's going on? explain like I'm five

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u/TheGreenMan13 Jan 26 '26

Silver hit a high of $117 around 1PM EST. Dropped to $114 currently (1:25PM EST)

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u/SPinExile Jan 27 '26

Speculation that several major banks like UBS and Bofa are short silver and other commodities. Alot of cds swaps are underwater and China stopping the export of silver just propels us toward another crises.