全网疯传，国际大行白银爆仓？

Core Viewpoint - A viral rumor about a "systemically important" bank facing a silver futures market collapse and forced liquidation has circulated widely, but lacks credible evidence to support its claims [1][10]. Group 1: Rumor Details - The rumor originated on social media, claiming that a major bank failed to meet margin requirements and was forcibly liquidated by the futures exchange [1]. - It was reported that the Federal Reserve injected $34 billion into the banking system overnight, following a previous injection of $17 billion [2]. - The bank in question is described as a significant player in the precious metals derivatives market, allegedly breaching risk limits and exhausting credit lines [2]. Group 2: Evidence and Analysis - The Federal Reserve's actual operations included a $17.25 billion injection on December 26, 2025, and a $25.9 billion operation on the following Monday, which are within normal liquidity pressures for year-end [3][6]. - The claim of a $34 billion injection remains unverified, as the New York Fed has not issued any statements supporting this figure [3][6]. - The Chicago Mercantile Exchange (CME) did raise margin requirements for silver trading, but there is no evidence of a major clearing member failing to meet these requirements [7][9]. Group 3: Market Context - The silver market is experiencing high volatility and increased margin requirements, which can lead to forced deleveraging without the need for a bank collapse [15]. - The narrative of a major bank's failure resonates with past events, particularly involving JPMorgan Chase, which has a history of manipulating silver prices [11][12]. - Current data indicates that major U.S. banks, including JPMorgan, are net long in the silver futures market, contrary to the rumors of them being in a precarious position [12].