Silver Futures Index $SILVER (SILVER)

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By: Marty Armstrong | May 1, 2022

While silver closed April at 23.08, it was below our technical support and 2021 was a Directional Change. A break of the 2021 low of 21.41 will point to a further decline into 2023 is likely. The biggest problem that precious metals have is the restrictions on their mobility. The London Metals Exchange is ending the precious metals futures market and of course, the goldbugs claim that this is not expected to impact the precious metals market. This is targeting the retail trade and to reduce liquidity. The LME said that they are ending futures contracts because of the low trading activity. They will end trading around July 11th, 2022.

Naturally, the precious metals dealers claim this will have no impact, but it signals the decline in liquidity and the true story is that Europe is trying desperately to follow Klaus Schwab's Agenda 2030 and to accomplish this, they need to cancel all paper money and move digitally. These governments are not stupid. They also realize that precious metals will become the alternative to replacing paper money once that is terminated. Hence, the propaganda that the LME will end precious metals futures trading is not because of low volume, but because they are closing down the alternative to paper money. Only spot trading will exist in London and that will be further restricted to the trade - not retail investors.

The precious metals will return to the coin trade. This is why I suggest that you buy common silver coins pre-1965 and confine your metals to coins pre-1947 - not bullion. These governments will confiscate all cryptocurrencies and say thank you very much for Blockchain that can trace everyone who ever handled a Bitcoin. Since Cryptos are on the grid, they can easily seize them and in combination with terminating paper money, outlawing gold and silver futures in Europe will allow the New World Order to take hold. Perhaps now you can see the strength in the dollar into 2023. Biden will not make a similar move before the mid-term election.

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