iShares Silver Trust (SLV)

[AlwaysRed]

The only guess that I have is that last year at this time the price of silver was also around 25-26 dollars. At that time annual contracts were being created that needed to be delivered in 1 year.

So if the contracts were created 1 year ago around the same price they are not losing money fulfilling contracts at 25 dollars.

With that being said. In the middle of May last year they successfully smashed the price to 21 and by July they had it down to 18. They were still creating contracts at that time. :

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

May, July, Sept and Dec are the months that they need to deliver remaining for this year:

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

If there were July contracts last year that were created at 18 dollars...........

It is all about delivery and the prices needed to settle at. What were the contract prices set at and what does the price of silver need to be at for settlement.

Will it be a loss for the bankers or a gain.

They are making plenty of money off of the manipulation up and down. But I am sure they don't like losses of any kind.