Oliver Market Intelligence

Oliver Market Intelligence

The COMEX Delivery Spike May Matter More Than The Price

As nations prioritise industrial security over efficiency, physical silver is beginning to behave differently.

Matt Oliver's avatar
Matt Oliver
May 28, 2026
∙ Paid

Gold once travelled the Silk Road for protection. Silver travelled it for trade.

In the late years of the Ming Dynasty, Chinese merchants faced a problem that had nothing to do with war.

The empire was running short of silver.

Taxes had increasingly been demanded in silver rather than grain or labour, but domestic mine production could not keep pace with c…

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