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Tuesday, February 09, 2021 9:21:57 AM
https://www.cmegroup.com/trading/metals/precious/silver_quotes_volume_voi.html#tradeDate=20210208
They used 104,740 futures contracts yesterday to keep the price at bay. That equates to 523,700,000 million ounces of silver. This is a low number for them. They can do this forever with the click of a mouse.
In the near future as deliveries are expected, witness a massive dump of paper contracts to SMASH the price down to the 25 dollar range so they don't lose money on their delivery contracts.
If the banks contracted a huge 25 dollar silver contract a year out and the price of silver is currently at 27 or 29 they have to swallow the difference. So what they do is SMASH the price of silver down with paper futures contracts (Which they have an unlimited supply of) to lower the paper price of silver to fulfill their contracts.
Expect to see that in the near future.
They have complete control of the silver markets. I have been having this same conversation for years and we have always had the same outcome and results.
Ask yourselves, How can we go through a Reddit short squeeze in silver and have all the retail physical gone, all the bullion dealers sold out, and we still be at the silver price we are at right now?
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