Posted on 11/28/2025 10:41:21 AM PST by delta7
The sudden halt of CME Globex futures trading on Friday, Nov 28, triggered a wave of speculation online — especially from silver traders who noticed the outage occurred minutes after silver futures touched fresh all-time highs above $54. As CME Group issued a statement citing a cooling issue at its CyrusOne data center, social media exploded with theories linking the halt to the ongoing silver breakout.
Earlier in the day, CME confirmed: “Due to a cooling issue at CyrusOne data centers, our markets are currently halted. Support is working to resolve the issue…” The exchange clarified that the disruption was technical, and not related to market volatility.
However, traders online didn’t buy it entirely. Within minutes, X (formerly Twitter) was filled with posts from analysts, gold/silver commentators and retail traders pointing to the timing of the halt:
– “Silver smashes $54 and CME goes down? Coincidence?” – “CME never goes down — and it happens on the day gold and silver are about to break out?” – “Paper silver manipulation is real. They halted it to cool off the market.”
Some posts even pointed to last week’s sharp revisions in gold data, followed by a steep drop in open interest, suggesting heavy bank short-covering activity. A few traders claimed the halt conveniently paused what looked like a major breakout setup in both precious metals.
Despite the heated speculation, there is no official evidence linking the CME futures outage to silver market movements. Bloomberg reported that a CME spokesperson reaffirmed the issue was purely technical, caused by the hosting facility’s cooling systems.
For now, markets have resumed normal trading and MCX, which initially saw related disruptions, is also functioning normally.
While the timing raised eyebrows, the verified reason remains a data-center malfunction — not market intervention.....
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Silver Price Performance USD
Change Amount % Today +2.99 +5.59% 30 Days +4.59 +9.41% 6 Months +20.08 +60.26% 1 Year +22.76 +74.31% 5 Year +30.78 +136.11% 20 Years +45.09 +542.98% silverprice.org - 13:38 NY Time
Hi, Ho silver! Tomorrow is a delivery day.....those that followed closely loaded up a few days ago at $50.......
Silver Surges $3 And Breaks $57 After COMEX Shutdown.
https://www.youtube.com/watch?v=2ZoFpYgRbBM
Broke $57 in futures....
From memory - most of it is used in electronics.
The reason for the outage was pretty specific…and odd. That tends to make it believable. They did not say, “Glitch” which means some idiot did an upgrade without testing it.
My guess is the “A” team wasn’t working yesterday and today…so a simple issue likely escalated.
Or, it could have been an Ocean’s 11 type of caper/hiest.
I wasn’t selling my silver anyway.
Silver breakout above 54 in a “cup and handle” technical chart formation easily seen on the 3-month price chart. Silver should go to 60 soon based on this indicator.
I’ve seen speculation that “someone” is purposely breaking the LBMA and CME.
The entire physical (not paper) trade of silver is something like $35 billion. That’s not a huge amount for some hedge funds, and certainly easy for a country like China.
The LBMA and CME exist on PAPER futures, traded by speculators. for a mere $35 billion, someone could stand for delivery of ALL the actual physical silver held by LBMA and CME banks and vaults.
What would that do to the price?
Silver is both an industrial metal and a monetary metal. It’s dual use is an asset for investors.
Go up I suppose?
“Since their seizure, all three of the coins have been determined by “third-party experts” to be forgeries, according to information provided by the district attorney’s office. The office would not identify who determined the coins to be fake, and what tests (if any) were undertaken in making that judgement.”
Coinworld.com
RE: Weiss
The posted reason from the CME Group was "cooling issue". However, one of the lightest trading days of the year does not cause much in the way of heating. Plus, there is triple redundancy in cooling, and they all "failed". All futures trading was halted, including oil and stocks, in addition to PMs. Then, once it was being restored, all the non-PM futures came back first, while silver lagged.
it was in the middle of the night ...
Data centers have redundant AC generation and HVAC. Portable AC units are also a third layer of protection. The CME outage due to air conditioning is a total fraud scam ploy.
Avoiding default on physical deliveries...., which when it happens, (soon) I expect a Comex shut down for up to three days and reopen with Silver up to levels never thought of.
I hope it wipes out the U.S. banks (6) that have been shorting in unbelievable paper contracts for decades. Why the “ hope”? It will be Justice, and a good warning to the manipulators. JPMorgan’s last $$$ billion fine for PM market was number six, and yet they continue on.
AI:
“JPMorgan Chase was fined over $920 million in 2020 for manipulating the precious metals and U.S. Treasury markets through illegal trading practices known as spoofing, which involved placing orders they intended to cancel to manipulate prices. This penalty is the largest ever imposed for spoofing and reflects the severity of their misconduct over an eight-year period.”
What would that do to the price?
I just visited Tampa area, all five dealers out....however, mint tubes of twenty random dates still to be found.
I started getting in on silver when it was @ $12. Last purchase was at 42.00. Historically gold traded 10 to 15 times over silver. Looks like were getting back to that ratio.
Explains Contango and Backwardazation.
https://www.youtube.com/watch?v=0ygEl0FfETQ.
CME Shuts Down Silver Futures Market as Physical Demand Overwhelms LBMA | Interview with Eric Yeung.
Not buying the two cooling “ explanations”. In any case, the decades of manipulation is over! We will know more when Comex publishes how many contracts stood for delivery ( December is a key month).
Wanna bet they delay or do not report those standing for delivery?
“Due to a cooling issue at CyrusOne data centers, our markets are currently halted”
More believable than a water leak somewhere that caused vote counting to halt in 5 states...
,,, this sort of statement can only really work once. If it happens again it could mean data warehouses are an emerging risk to markets, with clear advantages for manipulators.
Remember the CME Nickel debacle? ( theft). They can cook up any excuse, but when they fail to deliver- it’s over for them. The western exchanges are now known for their price fixing, all trading goes to China’s SGE market where paper contracts are not allowed...as we have been witnessing.
As stated in the past- the world’s Wealth is moving from the West to the East.
,,, the FBI should get onto this right now.
Juan Osavin thinks $70. We’ve been sitting on it for 15 years. Like a savings account.
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