iShares Silver Trust (SLV)

[AlwaysRed]

That is exactly correct.

The people did all they could do, buy physical. They bought the physical. But only the physical that the bullion dealers and pawn shops had available.

The miners are still mining. They are still distributing to Sony as contracted. However they are not shipping to bullion dealers. They are not letting it get into the hands of the people.

And they don't care. They don't now, or ever cared about the people.

Here is the results of the silver squeeze:

https://www.bullionvault.com/silver-price-chart.do

25 bucks! Congrats.

They smash the price via paper future contracts:

https://www.cmegroup.com/trading/metals/precious/silver_quotes_volume_voi.html#tradeDate=20210303

5000 ounces per contract.

If you look, it is actually easy for them to suppress the price right now. 87,000 contracts of paper. However there is no difference for them if it is 87,000 contracts or 5,000,000 contracts. They push the same buttons.

They can suppress the price for as long as they want and for as low as they want as long as the miners are profitable.

They have been suppressing the metal markets since Greenspan created the algorithm in the '80's.

This is an unwinnable battle. They choose what the price will be. If and when they decide to allow the metal prices to rise it will be on their terms. And it will be the price they decide to let it go to.

Imagine all the people that are learning this very lesson right now. Buying at 30 dollars thinking it was going to go to 1000. But alas here it is at 25-26 bucks.

I was that guy. Protect yourselves from the lying metal salesmen. Make profits somewhere, because you surely won't make them in silver. I tried for a decade.......