iShares Silver Trust (SLV)

[AlwaysRed]

SLV action and volume just today:

730 AM Volume 92534 The price rose from 23.11 to 23.45
735 AM volume 71701 The price rose from 23.45 to 23.52
800 AM Volume 88818 The price rose from 23.53 to 23.59

That was the volume for the big run up this morning. There was no future dumping at this time to control the price. That was small normal volume.

THEN at market open at:

830 AM volume 861533 The price was smashed from 23.43 to 23.27
840 AM volume 695443 The price was smashed from 23.30 to 23.12
845 AM volume 946499 The price was smashed from 23.15 to 23.08

Then the price recouped some of the cartel's manipulation and rose back up to 23.26

THEN they started up again...

930 AM volume 401325 The price was smashed from 23.22 to 23.09

More massive dumps at 935 (650798) and 940 (1,226,556)

That last one of over 1 million ounces only smashed the price a nickle.

Think about that......In one 5 minute session there was 28,394,772 dollars worth of SLV traded. I shouldn't really say traded. Actually DUMPED into the market to control the price of SLV.

Now remember just yesterday alone:

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

75186 Futures contracts dumped into the market. 75186X5000=375,930,000 Million ounces of SLV dumped into the market. These Contracts/digits/paper is used to suppress/control the price of SLV and GLD too. You ever notice how SLV and GLD move in EXACTLY the same way? That does not happen in a free non manipulated market.

Now let's watch and see how many SLV futures contracts were used to manipulate the market today. We will see that in tomorrows summary.

Remember they can use as many contracts as they want. I have seen over 2 BILLION ounces of silver dumped into the market in one day!
8/27/20:



9/29/20:



Now these 2 charts are from the last Reddit "Silver Squeeze" in 2020. That worked great didn't it? lol. I showed you what they are doing currently. The numbers are above. But during this "Squeeze attempt" They were using 400,000 contracts per day to control/smash the price of silver. 400,000x5000 (5000 ounces per contract) = 2 BILLION ounces of silver!

And you think they are worried now? Only using 75,000 contracts. Come on man. At any time that they choose they can dump the price SIGNIFICANTLY! And they will.

Now you can listen to the metal salesmen all you want. They have been saying the same thing since the 80's. People have short memories and BIG dreams. Time after time, year after year and decade after decade it's the same story.

I know I know, but this time it's different........