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Thursday, April 27, 2023 10:23:32 AM
Below 25? Why yes:
https://www.bullionvault.com/silver-price-chart.do
Another .50 cent smash this morning. It sure does a great job at destroying sentiment. And that is another reason why they do it.
How did they achieve yesterdays smash?:
https://www.cmegroup.com/markets/metals/precious/silver.volume.html
Another 122,000 paper/digit SLV dumped into the market yesterday.
Still only a moderate amount of SLV dumped. During the "Silver Squeeze" they were dumping 400,000 SLV into the market daily. Right now they are simply controlling the price at around 25 for some reason. They could put it at 18 if they wanted.
As a long time metal holder one thing I am happy to see is that after the massive smashes the price recovers pretty well. They dump it to 24.50 or around there and it bounces back to 25 relatively quickly. I would love to see this little game they are playing end. I would love to see the price of silver get to the actual value it should be at.
But I also understand the power of the dark side:
A Democracy is 2 wolves and a lamb arguing what's for dinner. In a Constitutional Republic the lamb is armed. We live in a Constitutional Republic.
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