iShares Silver Trust (SLV)

[AlwaysRed]

22.46. Was as low as 22.12:

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

Down to 46,770 contracts left to fill for July:

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

Only 81,311 SLV futures dumped into the market yesterday.

Here is what I find interesting:

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

I think that the settle column is their target. It says it is 22.436 for June. It is 22.467 for July. So the next delivery month after July is Sept. And the settle price is 22.670. I am betting on the Sept price at or lower than 22.670 for silver..

So after they have filled the contracts for July at a target settle price of 22.467 the price should rise again after all July contracts have been filled. There are still 46,770 to go yet for July deliveries. I personally wont make a purchase until all contracts have been filled for July. Then the price should rise again until they need to SMASH the price for Sept contracts. My guess will be that they need to get the price near the settle price for Sept. So that settle target price again is 22.670.

You can see that they already have a settle price for Dec of 2024 set at 24.259. You can see that the price is slowly climbing, I am sure to account for inflation.

But I am willing to bet that in Dec of 2024 they will have the price of SLV at or below 24.259 so they can fill their contracts.

But between delivery months there are massive swings to the upside. Especially between Dec and March. Almost like they let the market free trade until they start dumping SLV into the market again.

I've been watching this for years and this is what I have come to believe.

If you watch it you should be able to see the pattern as well. And you can go back and look at the history of the price of silver and look at delivery and non delivery months and look at the price action. When was it up, when was it down. The delivery months never change.

March, May, July, Sept, Dec.

They already have 18 contracts set for Dec 2024:

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

And those contracts were set at the 24.259 settle price:

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

18x5000 ozs per contract = 90,000 ozs

That is already 90,000 ounces of silver at the settle price of 24.259 =$ 2,183,310

So they already have over 2 million dollars worth of silver set to settle on Dec of 2024 at the settle price of 24.259

So if they are scheduling Millions of dollars worth of silver 18 months out. And the price they are settling at is 24.259 what do you think the price of silver is going to be?

What do the metal salesmen say it will be?

BTW any lower than the settle price the bankers profit from. If the settle price is 24.259 and they smash the price of silver to 20, they are pocketing the difference. The banks always win......