iShares Silver Trust (SLV)

[Princess17]

So true shorts just got a pass from uncle Jerome

[DR_rugby]

Higher for longer

Is still on the table

https://www.kitco.com/news/article/2024-05-22/gold-prices-remain-under-pressure-fed-sees-possible-rate-hikes-if-inflation

Hike jibberish is side bar talk to keep shorts from getting blown out

GLTA

[BottomBounce]

Silver to See Growing Deficit in 2024 as Supply Struggles
https://carboncredits.com/silver-to-see-growing-deficit-in-2024-as-supply-struggles/ $SLV

[Princess17]

PS Rob is brilliant

[Princess17]

Shorty trying to cover

[Countmein]

What a great time to be in physical silver! So happy to see it staying above the 30 dollar mark. This is huge!
Here is a very good video explaining what is going on.

It's by Rob Kientz, The Freedom Report. Don't watch it Red, he calls our currency what it is.....fiat currency! As do every other expert in the finance market.I might add.
It's a 40 minute video...........all interesting, but if you just want to hear what he says about silver, go to about the 20 minute mark.

[Princess17]

Incredible amount of manipulation today
18million shares not even noon

[Princess17]

Morning slam

[Omar8]

Silver Video

[Princess17]

Ok Mr perfect
You know what I was referring to

[a false profit]

Nobody with thousands of once of gold
Are posting on stock boards ............ thousands of " once of gold " , so you're saying one thousands of once of gold ? that's really a microscopic amount of gold ....... LoL ! Also , they're aren't any billionaires with " protesters " on their payrolls to initiate " chaos " .

[Princess17]

What a joke

[Omar8]

Pack10,


"I'm more interested in the why and how? If all these contracts were created last year the price had to be in the mid 20's at best. That means the banks
are going to take a huge loss if these prices remain at this level.
If it is supply and demand, which some think, then this upward move won't last long. Higher low and higher highs are only temporary conditions brought on by over zealous buyers.
FYI, dealers have already limited some buying!! If you own silver start to cash in now, according to a friend of mine who has family in this business. Not my opinion, his. dealers are limiting their inventories."


I guess it depends if those contracts are needed to be filled ? Remember May had over 100,000 at one time but I don't think much of them were delivered. I believe those were pushed to July, which then makes me think is demand really strong ?

And maybe they have another mechanism in place to use other methods to counter out losses on contracts ? Who knows maybe they bought a lot of AGQ when it was in the low 20s and then allowed to run and they pretty much made a double. Then, when they feel the top is in then back to ZSL. Maybe they did this run up to screw with those who though they had it all figured out and was playing their game and they decided they don't like others piggy backing on their turf and so threw a nasty curve at them ?

[Copilotdog]

Surely they will find a way to hammer this down to 27 again. Even lower. Bullion should be at 35! Bitcoin over 70k so gay

[Princess17]

So much paper !!

[Vettelover98]

I wish it was that high lol. But still a huge increase! Can’t wait to see where I land by June 21st!!

[a false profit]

look @ where you're @ NOW ! hopefully you're up @ least 7000% about right now , F.N.A. awesome trade , AWESOME !!!!!!!!!!!!!

[pack10]

I'm more interested in the why and how? If all these contracts were created last year the price had to be in the mid 20's at best. That means the banks
are going to take a huge loss if these prices remain at this level.
If it is supply and demand, which some think, then this upward move won't last long. Higher low and higher highs are only temporary conditions brought on by over zealous buyers.
FYI, dealers have already limited some buying!! If you own silver start to cash in now, according to a friend of mine who has family in this business. Not my opinion, his. dealers are limiting their inventories.

[Princess17]

Nobody with thousands of once of gold
Are posting on stock boards
LOL

[Omar8]

Princess 17,




I saw that too, thousands ? If someone had that much gold would they care about silver movement ? I wouldn't.

I bought some more physical silver over the weekend usually thats not good, my timing is horrible with purchases.

If they going make it move then make silver go to $50 or more than my total position would then be worth bragging about.

[a false profit]

absolutely ! it's greater , then , hundreds of ounces ...........

[Princess17]

Thousands of ounces of gold?

[Omar8]

I'm impressed by the move up



The silver price is up nearly $10 from low in February. That is one heck of a move.

[Omar8]

AlwaysRed,


"You know what know, you tell me........"


According to contracts in July which is over 150,000 and if the price was set a year ago in July then the price shouldn't be heading where it is. Yet it is going higher. That is what I'm confused about. Why allow it to run higher if they need the price lower and they control the price ?

According to the contracts they would lose billions potentially yet here the price is moving higher and they control the price maybe those contracts aren't that meaningful ? I don't know.

[AlwaysRed]

How did precious metals work as currency work in Rome?

https://money.visualcapitalist.com/currency-and-the-collapse-of-the-roman-empire/

Why does currencies always follow the same pattern?

[AlwaysRed]

What an idiot. LOL. I have thousands of ounces of gold and silver\. Why would I not be happy with a rise in price?

The reason I am here is to teach about the manipulation that has occurred in the metal markets especially the silver market. Silver should be worth thousands of dollars per ounce.

I have shown the manipulation and how it occurs. How could silver still be as low as it is with all the inflation going on? Even if silver was 50 per ounce.....It was 50 per ounce in 1980 and in 2011:



So why is it as low as it is?

Why smart ass? I have shown why, over and over.

They allowed the price to rise 10 dollars per ounce in 2020:

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

From 15 to 25. Then it ran from 20 to 25 for 4 years. Before than it was 15 to 20 for 6 years. How can that be? I thought silver was a hedge against inflation?

Here is an inflation chart:



Does that match the metal charts?

NO! Why? Because of manipulation. The very manipulation I have been taking about for years.

[Countmein]

Oh in case anyone is wondering what the definition of fiat currency is................it is ANY currency that is NOT backed by precious metals.......such as gold and silver, IS fiat currency!

Count

[Countmein]

Somebodies not happy with the rise in precious metals!!!!!!!
You can find other work.............after you dig yourself outta this hole.........maybe!
Glad I listened to my "metal salesman" and not some random poster on the internet.

Enjoy the ride........silver now at $ 32.47

Count

[AlwaysRed]

You are ignorant. Our currency certainly is not fiat.

How does silver being 32 dollars an ounce make the dollar fiat?

[Countmein]

I know silver just busted 32.00 $ . But what do i know........I'm ignorant........ I believe our money is fiat.

Count

[AlwaysRed]

You know what know, you tell me..........

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

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

[Omar8]

AlwaysRed,


"SLV IS the silver market. And it is owned and controlled by JP Morgan. They want the price down........Dump SLV into the market. They want the price to rise. Remove SLV from the market.

You have to read between the lines and figure out what has happened here.

Why own the physical when the price is controlled by SLV?



So what does between the lines tell you about what silver will be in July ?

[AlwaysRed]

Who owns the most metals?

The holders of the metals themselves will benefit from a rise in price right?

This is why I am here on the SLV boards. Lets look at how this started.

In 1980 the hunt brothers tried to corner the physical metal market.:

https://www.investopedia.com/articles/optioninvestor/09/silver-thursday-hunt-brothers.asp

They went to battle against the powers that be. In the end digits beat out physical. The banks could create more digital silver than physical and no amount of physical can compete with that. The futures markets and paper/digits beat the hunt brothers. Banks win.

Here is a small summary of the recent history of silver:

https://medium.com/@metalscom/who-owns-the-most-silver-in-the-united-states-today-3d74f0b66eb1

Hunt brothers to Buffett. Buffett bailed when SLV was created in 2006. Of course Buffett and the banks colluded to create SLV. Buffett was trying to corner the silver market as well but the banks and Buffett came to an agreement. SLV was created in 2006:

https://www.investopedia.com/articles/investing/122215/slv-ishares-silver-trust-etf.asp

SLV IS the silver market. And it is owned and controlled by JP Morgan. They want the price down........Dump SLV into the market. They want the price to rise. Remove SLV from the market.

You have to read between the lines and figure out what has happened here.

Why own the physical when the price is controlled by SLV?

Who runs SLV? JP Morgan
Who owns the most silver in the world? JP Morgan
Who is the primary manipulator of Silver and SLV? JP Morgan.

So who benefits when the price of silver rises?

The banks and corporations own everything. They control the manipulation and the prices. They set the contracts, they fill the contracts. They hold the shorts and they set the prices. They control the quantity of metals going into the market as they also own and control the miners.

They control, bribe, blackmail and pay off our government officials. And the banks control the currencies and economy. The government is at the mercy of the banks. The banks hold all the cards.

Whatever is going to happen is all decided by the banks. They control the economies of the world.

We just try to profit from their games.

They own the world.

[Omar8]

AlwasRed,


"Let see where they cap this price rise prior to July deliveries. 144 thousand contracts for delivery in July. It appears they are allowing the price to rise a little thankfully. Lets see how high they let it rise......"


What would happen if the price is $31/ounce when those deliveries happens in July ? Say they have to deliver at least 50,000 of those contracts and each contract is 5000 ounces. And silver was under $25 most of last July......they take a loss of 250 million for each dollar over $25 ? So they seem to be in trouble if it doesn't come down ? If $31 holds through July potentially loss of a billion or more(billions) if more contracts than 50,000 are needed for delivery .....are we looking at potentially something devastating ?

[Omar8]

AlwaysRed,


"But they still have to fill those contracts don't they?"


In July the silver price was mostly under $25.....you think we will see that or lower in the coming months ? Seems silver is moving strong and what if it doesn't get back to those last year prices ? They looked like they moved a lot back for this May......who knows what contracts are real or not ?

Would the price in the $30s hurt those who have obligations to those contracts ? What would play out if the price stays strong or even goes higher when July comes ?

[pack10]

There is something we can't forget. If the price of silver does get to and exceed $50 an oz, what will the products that require silver do?
Yup, you got it, another round of higher, super inflated products

[pack10]

I sure hope you've had a chance to see Cavoto's interview with Jared on Fox. Jared was asked why the President insists that when he took office inflation
was at 9%. Neil points out and showed clips what the real inflation number was and Jared would not answer the question. As you say, stammer, avoided,
and down right mislead. Down right lied.
Why can't the truth be told by these people? I hope everyone realizes that if they lie on something as simple as inflation then they lie on everything else!!

[AlwaysRed]

Eventually it will be I guess......But what decade?

[Omar8]

AlwaysRed,


"They have to allow the price of silver to rise from time to time so their miners can remain profitable.......If they don't allow the prices to rise from time to time the miners can't exist."

"They will keep control of the price when it gets to the channel they want it. There is no way they allow the price of silver rise to 50 or 100 dollars an ounce."



Very good questions, and what is that price ? How do you know $50 isn't that price for miners to remain profitable ?

[AlwaysRed]

The price of silver was sideways from 2014 to 2020. Then the next channel was from 2020 to 2024.

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

They have to allow the price of silver to rise from time to time so their miners can remain profitable.

There is a misconception that the price of silver is controlled by shorts. But it isn't. Yes there are shorts. However the main way they control the price is by dumping SLV into the market. SLV has endless digits. The reason I post on the SLV board is for that very reason. That is why I am here. This is the control mechanism.

They will keep control of the price when it gets to the channel they want it. There is no way they allow the price of silver rise to 50 or 100 dollars an ounce. God knows I would love that to happen. But the too big to fail banks control all of it. Everything. What is happening is being allowed to happen. I do not know their plan. But I certainly know that silver should be a hell of a lot higher than 30 dollars or even 50 dollars. It should be in the thousands. So they have really controlled the price over the decades. Since 1980 actually.

If they don't allow the prices to rise from time to time the miners can't exist.

Also who are the largest holders of gold and silver? Do you know? It is the banks. So if the price of gold and silver goes up, who profits the most?

But they still have to fill those contracts don't they?

[chrispy2468]

Silver rocket ship, preparing for takeoff

[Princess17]

Why would the leopard change spots now?

[DarkPool]

UT oh way before the election

[AlwaysRed]

Does not appear that they are doing much right now to control the price:

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

Let see where they cap this price rise prior to July deliveries. 144 thousand contracts for delivery in July. It appears they are allowing the price to rise a little thankfully. Lets see how high they let it rise......

[a false profit]

that $ 30.00 per ounce silver isn't that far out ............ now .

[a false profit]

https://www.marketwatch.com/articles/silver-breakout-what-to-watch-cf9872ac?mod=newsviewer_click

[BottomBounce]

Powell says inflation ‘higher than anybody expected’ Precious Metals Exploding on Higher #Inflation
https://twitter.com/SafeHavenMoney/status/1790722450394607745 $AGQ $SIL $SILJ $SLV $PSLV

[Princess17]

More paper Hold on while you hey smash it
China and India will take all the silver
Comex on edge

[BottomBounce]

silver demand outstripped supply in 2023, for the fifth year in a row. The deficit was just over 142 million ounces. And the forecast for 2024 indicates that the annual production shortfall will nearly double to 265 million ounces. $SLV

[AlwaysRed]

Gotta learn to play the moves. We know their game. I'm not surprised by the moves. I quite look forward to them! ;)