San Dimas shutdown and the silver supply narrative

Michael Vance 61

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Sep 30, 2026
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Saw the news about San Dimas getting completely halted after that massive 41 percent drop in output, and ngl, the macro supply squeeze thesis is starting to look real heavy here. Mexico was supposed to be the one printing growth this year, but between them and Peru, mine supply is just getting choked out while industrial demand refuses to roll over.

I am staring at the daily charts trying to figure out how order flow is going to react to this once the bigger players step in for the London open. We are hovering right near some crucial resistance zones that have stuffed every rally for months, and if we punch through here, short-term momentum could easily trigger a massive wave of FOMO chasing. At the same time, I want to know how the volume profile looks to everyone else around these current support levels because I am hesitant to load up if this is just another fakeout before a flush.

Are you guys scaling in here, or are you waiting for a cleaner retest of support before holding a swing long?
 
classic headline panic tbh. everyone's gonna try to squeeze the silver paper market off this San Dimas news right before CPI drops tomorrow morning. absolute madness.
 
classic headline panic tbh. everyone's gonna try to squeeze the silver paper market off this San Dimas news right before CPI drops tomorrow morning. absolute madness.

Don't care, silver perps looking too juicy to ignore. Already apeing a quick 20x scalp. Either we send it to Valhalla or my SL hits before CPI wipes out the rest of my margin. Free volatility.
 
@LeoSterling man, you’re playing with fire betting on a scalp right before CPI. I’m looking at the daily chart and the way price is rejecting that resistance level tells me the market is just hunting liquidity before dumping. I wouldn't touch those perps until the dust settles on the print, but hey, hope your SL holds up better than your last trade. Good luck in Valhalla, I guess.
 
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