iShares Silver Trust (SLV)

[AlwaysRed]

Looks like a short at 26 dollars was the ticket. Last year it was about the middle of the month as well.

Down .70 cents as I write this:

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

Watch this:

https://ih.advfn.com/stock-market/AMEX/proshares-ultrashort-sil-ZSL/chart

So far there have been over 7 million ounces of silver dumped this morning to smash the price. 182 million dollars, Chump change to these bankers and their digits. They have dumped 1 mil ounces of silver into 4 separate 5 minute trading blocks. LOL. Massive volume

Yesterdays contracts were not that out of control:

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

Around 100,000 contracts per day for the last 2 days. Wait until tomorrow.

As for the SLV fund not having the physical to pay contracts, The contract states that the fund does NOT have to pay silver but can pay out in FRN's. When you buy SLV you are not buying silver or even a promise to buy silver. You are simply trading the price.

https://www.investopedia.com/articles/investing/122215/slv-ishares-silver-trust-etf.asp

"Buying SLV shares provides a simple, yet cost-effective way to invest in silver. Although the shares of the trust are not a direct substitute for actual silver, they still provide an alternative to participating in the commodities market. The fund offers a convenient way of obtaining exposure to silver without a need on the part of an investor to actually hold silver. Acquiring and storing silver can be very expensive and complicated."

But yet SLV is their means of controlling the price......