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 article discusses a significant incident involving a silver dealer in Shenzhen, where the dealer failed to fulfill orders for silver bullion, leading to financial losses for multiple clients and police intervention [2][10]. Group 1: Incident Overview - A silver shop named "Hechengxing" in Shenzhen has reportedly closed down, leaving many customers unable to redeem their purchased silver bullion [7]. - The shop's owner is alleged to owe over 27,000 yuan to a supplier, with total outstanding payments estimated to be around 200 million yuan [4][10]. - Many affected merchants have reported losses ranging from tens of thousands to millions of yuan, with a conservative estimate of the total case value exceeding ten million yuan [8][10]. Group 2: Market Context - The silver market has seen a dramatic price increase, with silver prices rising over 147% in the past 25 years, and reaching a historic high of 92.2 USD/ounce on January 14, 2026 [10]. - Following this peak, silver prices experienced a sharp decline, dropping over 7% on January 15, 2026 [10]. - Historical patterns indicate that significant price surges in silver can lead to rapid declines, as seen in 2011 when silver prices fell by 30.39% within four trading days [10][11]. Group 3: Industry Insights - Industry insiders suggest that the recent "blow-up" incidents are not uncommon, often resulting from dealers betting on price declines without adequate risk management strategies [10]. - The volatility in silver prices can create challenges for dealers, particularly when there is a time lag in the supply chain [10].