水贝有白银商家爆雷，“老板没跑但交不出钱和货”！多名商户损失数万到数十万元，有维权群超350人！警方已介入

Core Viewpoint - The silver price has surged, leading to a significant incident in Shenzhen's Shui Bei market where a silver shop has reportedly failed to fulfill orders, causing financial distress among customers and suppliers [1][3][9]. Group 1: Incident Details - Multiple customers reported that a silver shop in Shenzhen suddenly closed, leaving many unable to redeem their purchased silver bullion [1]. - Affected parties, including a partner who ordered 5 kilograms of silver, claim the shop owes them over 27,000 yuan, with total outstanding liabilities estimated at around 200 million yuan [3]. - The shop, named "He Cheng Xing," has been unable to operate normally, and the owner was reportedly detained by police as many customers gathered to seek resolution [7][9]. Group 2: Financial Impact - Many affected merchants have reported losses ranging from several thousand to tens of thousands of yuan, with a conservative estimate of the total case value exceeding millions [7]. - The incident has led to the formation of a rights protection group with over 350 members, indicating widespread impact among stakeholders [7]. Group 3: Market Context - The silver market has experienced a significant price increase, with a cumulative rise of over 147% over the past two years, and on January 14, 2026, spot silver prices reached an all-time high of $92.2 per ounce [9]. - Following this peak, silver prices saw a sharp decline of over 7% on January 15, 2026, highlighting the volatility in the market [9]. - Historical patterns indicate that silver prices can experience rapid declines following significant increases, as seen in past market behaviors [11].