What’s going on behind the scenes in the silver market, which goes from new high to new high? From NO1 at no01.substack.com:
Friday was supposed to be a sleepy post-Thanksgiving half-day.
Instead, silver jumped 5.6% in a straight vertical line, hit an all-time high of $56.72, and the CME – the backbone of global derivatives markets – went completely dark for 10 hours.
The official story? A cooling system failure at a data center in Aurora, Illinois (near Chicago).
Right.
Let me tell you what I found out about data center cooling systems.
These facilities are built with what engineers call N+1 or N+2 redundancy, which means if one unit fails, you have at minimum one full backup standing ready – usually two or three. But the redundancy doesn’t stop there. It cascades all the way through the system: pumps, chillers, cooling towers. And beyond the internal cooling infrastructure, there are external backup systems completely outside the building management systems – diesel generators and standalone uninterruptible power systems designed to operate even if everything else fails simultaneously.
