iShares Silver Trust (SLV)

[AlwaysRed]

So yesterday they smashed the price from 25.25 to 24.50:

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

This is how they accomplished that:

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

127,723 contracts in one day. 127,723 X 5000 = 638,615,000 dollars worth of fictitious made up digit silver dumped into the market in one short time period.

They are obviously smashing the price and fulfilling contracts as they do it.

There are only 21,299 contracts left to fill for May. Obvious to me that they were needing to fill those contracts at the 25 dollar range. That is about the price the contracts were created at last year.

After all contracts are filled for May, they may let the price rise a little again as they don't need to fill any contracts until July. HOWEVER, if the contracts were created at the price silver was at LAST July they will need to get the price down to the 20 dollar range. And that is what I am betting on.

They have all the power. You can see with the flick of a switch they can move the market wherever they want it and whenever.