Replies to post #1534 on Silver Stackers Union

[AlwaysRed]

2008 the price of silver was 20 dollars. That was 15 YEARS ago. You metal salesmen were saying then the same things they are saying now. And so were you.

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

Since 2014, 10 years ago, the price of silver has been in a channel. From '14 to '20 the channel was 14 dollars to 20 dollars. Since '20 the price of silver has been controlled between 18 dollars 28 dollars.

My figures have not changed. They are based on contracts being created right now.

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

Contracts to be delivered in Dec '24 if created today would be $25.01.

That is a legally binding contract that needs to be delivered in Dec of 2024.

So Mr. Smarty pants, let me ask you this, If there is a contract created today at $25.01 and the price of silver next year is $28.00 how do the banks cover the price difference between the then current price of silver at 28 and the contracted price of 25?

That is a 3 dollar difference

If you look here and see how much silver is due for delivery in March:

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

There are 111,120 silver contracts due in March of '24.

Can you do math?

111,120 X 5000 ounces of silver per contract = 555,600,000 Ounces of silver Due in March

555,600,000 x 25 dollars = 13,890,000,000 dollars worth of silver at 25 dollars.

Now last year in March the price of silver was 20-21 dollars. If contracts were created at 21 dollars and the price of silver in March is 25. That is a 4 dollar per ounce difference between contracted price and current silver price.

So if there are 555,600,000 ounces due in March and if those contracts were created at 21 dollars and the current price of silver is 25 that is a 4 dollar difference.

555,600,000,000 X 4 = $2,222,400,000,000

So that 4 dollar per ounce difference could cost the bankers over 2 BILLION dollars because they would have to buy silver over the cost of the contract to fill the order.

THAT is why they are controlling the price of silver. Because they have to buy the silver from their mining buddies to fill contracts.

Contracts are legally binding.

Can you understand this? Why don't your metal Gods talk about this? Why is silver always sideways? Why does it seem that the price of silver is always about the same price 1 year later after the contract were created?

Are you smart enough to be able to figure this out?