iShares Silver Trust (SLV)

[AlwaysRed]

As of today

They smashed silver this morning to as low as 22.36:

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

Moved over 2500 more contracts to Sept for a total of 100,609 with a remaining 3,222 for July.

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

Let's look at those numbers:

3222x5000=16,110,000 so over 16 million ounces of silver yet to be delivered for July and at the 22.50 price it is around that totals $362,475,000 million dollars worth of silver that has yet to be delivered in July. I am sure they push the actual physical deliveries off till last. So how much of the remaining 16 million ounces due in July that will be demanded in physical delivery I do not know. They are moving a lot forward.

Speaking of moving them forward.

Sept deliveries so far. 100,609 contracts x 5000 ounces per contract - 503,045,000 ounces of silver that has to be dealt with for Sept. At 22.50 per ounce that would be $11,318,512,500 over 11 BILLION dollars.

Usually Dec is the largest physical delivery month. I am sure that is due to holiday sales and the increase in the industrial demand of the physical metal itself.

I am watching the remaining contracts that need to be dealt with for July. Once filled I will be looking at the price of silver to rise to the 26 dollar or higher level.

Then, wash rinse repeat. By the time Sept arrives we will be where we are at now.

Maybe after Dec deliveries and before March they will let the metal rise to 30. But by March we will be back to settle prices.

The large corporations, hedge funds, Blackrock, Vanguard all play this game. They allow the price to rise and then retail gets excited. The metal salesmen all jump on board and say "THIS IS IT! It's breaking" Retail piles in. The price spikes.

Then the big boys short the market prior to the massive SLV smashes and retail gets it's heart ripped out. The more retail buys the more they can short. If it were not for the demand created by retail they would not be able to sell the shorts into the market. And it is very easy for them to sell their shorts at the bottom because they simply dump SLV into the shorts so they can buy back and keep the price low. $$$$$$$$$$ The big boys profit from the massive spikes up and down They control the price. The metal salesmen go on as if. People have short memories and then they all do it again. Wash rinse repeat.

And I'll end up being the bad guy for pointing it out.