iShares Silver Trust (SLV)

[AlwaysRed]

Price of silver jumped to 25.52. I predicted between 25 and 28 before the March smash. I did not know there would be conflict in Ukraine.


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

They have March contracts coming up they need to fulfill. Here is the volume for futures contracts and open interest:

https://www.cmegroup.com/markets/metals/precious/silver.volume.html

Look at the amount of contracts they used in the last 2 day to try to control the price. Tuesday there were approx double the amount of contracts dumped into the market than usual. And Wed there was over 100,000 contracts again.

As I said they have contracts that need to be fulfilled in March. If they can't smash the price down they will lose money on each contract they need to fulfill. It does not cost any money for them to create contracts to smash the price down.

So now we see what the price will be in the next 2 weeks.

If the contracts we're created at 22 dollars and the price of silver is at 25 they will lose 3 dollars per contract that needs to be fulfilled.

They handled the so called "silver squeeze" with ease.