Monday, February 28, 2022 8:48:48 AM
Here are the remaining contracts for March:
https://www.cmegroup.com/markets/metals/precious/silver.volume.html
8,572 left. 8572 x 5000 Ounces per contract = 42,860,000 ounces remining to fulfill for March.
Here are the settlement prices:
https://www.cmegroup.com/markets/metals/precious/silver.settlements.html
Use the settle column to see the target price for silver for the foreseeable future.
These are the prices that they are contracted to fulfill at.
At least they have allowed us to maintain around the 24/25 dollar range.
You can see that the next delivery date is in May and there are 118,179 contracts that need to be filled. 118,179x5000
https://www.cmegroup.com/markets/metals/precious/silver.volume.html
They are projected to settle those contracts at 24.017
So once the March contracts are filled, should be today or this week (Expect one more smash if they are settling at 23.997) You should see the price of silver be allowed to rise until the May deliveries. They will then SMASH the price of silver back down to the 24.017 range so they do not lose money on the contract fulfillment/price.
I used to believe all the metal salesmen and their 100-1000 dollar predictions. Then I spent the time/years educating myself on how the silver system works.
These banks and are obligated to fulfill at a firm contracted price. They control to price of silver via SLV paper/digits. If they want the price lower they simply create SLV and dump it into the market to "create" silver and flood the market with "Silver."
I have watched them do this every delivery date for years. All the while people constantly fall for the salesmen, that DON'T explain what I am, and believe that silver is going to explode.
I knew that the "silver squeeze" wasn't going to amount to jack squat, and it didn't. All the online retailer were out of stock, All the bullion dealers were out of stock, and people thought that the price of silver was going to explode. NOPE.
Retail means NOTHING! As long as the miners and bankers direct their contracted silver to the correct owners everything is fine. And contrary to the metal salesmen there is plenty of silver in the ground. There are mines out there that have metal in the ground unmined everywhere.
I am only trying to protect people from falling for the same thing I did. I sacrificed a LOT for silver. I preached silver for years. And yet it sits around the 23-25 dollar range. Why?
Inflation is everywhere but not in silver and gold. Why? The metal salesmen tell us it is a hedge right? Hmm....
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