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Tuesday, February 02, 2021 8:40:33 AM
The only shortage is to brokerages and retail. Do you think they care if the people get silver?
As far as the price. Just as I have been saying for days. They control the price via paper contracts. I predicted for the last 2 days that they would use 400,000 futures contracts to smash the price.
Well here you go:
https://www.cmegroup.com/trading/metals/precious/silver_quotes_volume_voi.html#tradeDate=20210201
400,000 contracts were dumped into the SLV market yesterday to SMASH the price of silver. That is 2 billion ounces of paper silver. Simply with the click of a mouse. At 27 dollars per ounce that is 54 billion dollars.
These guys have complete control of the silver market. They control the supply, where it is distributed/allocated, and the price. There is nothing about the silver market that is not controlled.
Now people will maybe start to realize the power they have. Think of the people that bought at 30 thinking there was going to be a "Squeeze" or a run in silver. People are losing their asses. And that is what us stackers have been dealing with for decades.
Recent SLV News
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- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 08/04/2023 06:19:53 PM
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