Silver Shatters $101 Barrier as Lone Whale Gobbles Up 1.5% of Global Supply
A single entity just cornered a staggering slice of the silver market—and sent prices rocketing past a century-old milestone.
The Whale's Move
Forget subtle accumulation. One investor snapped up enough physical silver to control 1.5% of the entire planet's above-ground supply. That's not a bet; it's a statement. The move bypasses traditional fund structures, cutting out the middleman and taking direct, colossal custody.
Price Reaction
The market responded instantly. Silver prices sliced through the $101 level—a figure that seemed more like financial fiction than a plausible target just years ago. The surge highlights how physical hoarding can still dictate terms in a digitized trading world, proving old-school asset grabs can trigger very modern price explosions.
It's a stark reminder: while Wall Street obsesses over algorithmic flows, sometimes the simplest play—buying a mountain of something real—still works. Just ask the bankers now nervously recalculating their commodity exposure. One player, one metal, one massive disruption. What gets cornered next?
David says system is collapsing, crypto is a trap
In his X post, David said:
“Here are the reasons I invested close to a billion dollars in precious metals over the past six months, including the purchase of 1.5% of the annual global silver supply (12.69 million ounces). The global monetary system is about to collapse (The Great Reset, or Basel Endgame). The biggest credit bubble in history will soon pop ($300T).”
David said $28 trillion in U.S. Treasuries were coming due in the next four years, and the only way out was printing “an obscene amount” of dollars. He blamed Trump’s tariffs, saying they were speeding up the collapse “by design.” Then he got blunt.
“Gold and silver are the only meaningful life raft. Physical possession is everything. The whole world right now is a sophisticated game of musical chairs; the chairs are precious metals. Crypto is a psyop. Those who purchase will have no chair when the music stops.”
David said real estate, stocks, bonds, and crypto WOULD all drop in value compared to metals. He warned that the banking system was set up to take customer assets to prop itself up.
“You have ZERO counterparty risk with precious metals,” he wrote. “I’m up 20% already on most of my purchases. This is not a drill. Your grandkids someday will either muse or lament this financial decision you’re now faced with. Don’t fail them.”
Earlier today, David posted this:-
“I’ve officially made more money in precious metals in a year than I did in in tech in 20 years. Everyone’s invited to the party. It’s still early. Really early.”
Analysts warn silver rally could flip fast
Back in 2022, David got removed from Entrata’s board after sending an email that claimed the COVID vaccine was part of a plan by Jews to wipe out Americans.
CEO Adam Edmunds and other board members responded by trying to understand why those kinds of messages are written and said they would push back against antisemitism going forward.
Entrata, the company David founded, builds software for property management. The platform combines accounting, websites, utilities, marketing, leasing, and more into one system.
As for the trade itself, David didn’t share how much he paid per ounce.
But given the price action, he could be up over 250% already. That puts him in Buffett territory. Berkshire Hathaway once held 129.7 million ounces of silver in the late ’90s. They dumped it by 2006, making a massive profit. Now it’s David’s turn.
Rhona O’Connell from StoneX said silver’s rally is “self-propelled.” She said gold is getting support from global risk, and silver’s cheaper price tag is pulling in buyers. But she also dropped a warning: “As and when cracks start to appear, they could easily become chasms. Buckle up.”
Demand isn’t all sunshine. Michael Widmer at BofA said silver’s fair value is closer to $60. He thinks solar panel demand peaked in 2025 and said industrial use is falling as prices surge.
Traders are now watching the gold-to-silver ratio. On Friday, it fell to 50-to-1. That’s down from 105-to-1 in April. Silver’s outperformance has never been this sharp since 1983, according to LSEG data.
In 2025, silver jumped 147%. So far in 2026, it’s already up 40%.
