Silver ripped to all-time highs—but the story beneath is way bigger. In this episode, Joe and Smiddy break down the global physical vs. paper silver disconnect, exploding retail demand, and the rumors of a bank margin call that lit up X.

Then they dig into the spectacular collapse of the Captain Condor strategy: – The $50M blow-up over Christmas – How 100K+ contracts got torched in a week – The danger of martingaling 0DTE trades – And why ignoring gamma is a fatal mistake

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