The Size of Silver Manipulation
The Silver market is being manipulated in a massive way.
The banking system has been putting in massive efforts over the last 6 years since 2012 to suppress the price of Silver.
Every year it is estimated that 5 trillion of paper silver contracts are traded by the banks just to suppress the price.
It is also estimated that the paper silver contracts traded in total are 250 times greater than the actual physical silver. This was stated by Bloomberg a few years ago and also Gold Broker.
Mid 2007-08 Bear Stearns shorts silver at $8 but it rises to $21 in March 08 making Bear Stearns go bust.
JP Morgan was fast to step in and buy them for $2 per share just 6 months prior to the financial crisis.
JP Morgan traded billions of paper silver shorts and the price of Silver dropped from $21 back down to $8.
The financial crisis hits in 08, 6 months after JP Morgan bought Bear Stearns and the Silver price rockets up to $50 an ounce.
But in 2012 came the start of the real banking Manipulation. 5 billion traded per year, shorting the market from $50 to where we see it now 6 years down the line.
Massive QE programs and cheap free money available from governments let the banks do this with no second thoughts.
The Manipulation cannot go on forever!!
We are due another financial crisis as we are nearing the longest ever economic expansion.
This could signal the end of the Silver market Manipulation and see prices rocket again well above the $50 high.
Thanks a lot.
Have a wonderful day.
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STOP
And this why we go to cryptos. Even gold is being suppressed.
Keep it up brilliant!
Very good post
Hope you're right, have a bag of silver.