The recent silver market

[ScoopKona]

Shrug - I don't have a crystal ball.

I don't need one.

There are two kinds of people:

1) Those who can extrapolate from incomplete data

 

[easyrider]

Are these dead cat bounces in the silver market, a bottoming out, or something else? Is anyone buying on these drops to ~$70?

Kurt

It kind of seems like it. Ever since the critical mineral designation and Walsh nomination silver prices have really took a down turn.

This hasnt changed the fact that there is a silver shortage with contract manipulation and 47's willingness to control areas strategic for militay applications. The Greenland tarriff threats may have partialy caused silver prices to increase last January. Recently, the Cuba santions could nudge silver prices higher .The safe haven idea is real for countries and huge investors. Not so much fot the average Joe silver holders, imo.

Bill

 

[Carolinian]

Are these dead cat bounces in the silver market, a bottoming out, or something else? Is anyone buying on these drops to ~$70?

Kurt

As to buying, the US bullion dealers are reporting record sales. In many parts of the world, it is difficult to find the larger bars from what I read. I can see on US bullion dealer websites that many items are not in stock these days.

What will be interesting is the next two weeks, when the Chinese bullion markets are closed for lunar new year, which might tempt the manipulators at the Comex to try to pull some stunt. Their problem is that they are about to run out of silver in their vaults as more and more contracts are standing for delivery. That could blow up their paper silver market in the next few months, but I cannot see what trick they could pull to solve that problem. Getting rid of the paper silver market, which is highly prone to manipulation would be a boon to having an honest market in silver.

 

[easyrider]

, but I cannot see what trick they could pull to solve that problem

I can. It's that the manipulators are too big to fail, imo.

Bill

 

[Brett]

I can. It's that the manipulators are too big to fail, imo.

Bill

Bunky Hunt is long gone, so now who is the big silver "manipulator" ?
(AI answers)

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[Carolinian]

Currency debasement has been going on by governments for a long time. Ancient Rome did it with their silver denarius going from 95% silver to 90% under Nero, then being systematically reduced until when the empire fell it was only 5% silver. In medieval times, the Counts of Montfort who had a large silver mine and minted lots of coins were notorious for mixing in large amounts of base metals. It is much easier today with paper money and printing press or even more so digital money.

 

[Carolinian]

 

[easyrider]

Bunky Hunt is long gone, so now who is the big silver "manipulator" ?
(AI answers)


View attachment 122056



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Yes, big fines were paid but it seems they can afford to pay the fine as a cost of doing business. Its also peculiar that JP Morgan & others suddenly quit shorting silver contracts and switched to buying massive amounts of physical silver as they went long on silver. Then they sold physical silver near the top and then bought back the physical silver at a lower price. It really looks like the physical silver price is manipulated.

It's interesting but means nothing to the average Joe silver stacker. Stackers stack, lol.

Bill

 

[Carolinian]

Yes, big fines were paid but it seems they can afford to pay the fine as a cost of doing business. Its also peculiar that JP Morgan & others suddenly quit shorting silver contracts and switched to buying massive amounts of physical silver as they went long on silver. Then they sold physical silver near the top and then bought back the physical silver at a lower price. It really looks like the physical silver price is manipulated.

It's interesting but means nothing to the average Joe silver stacker. Stackers stack, lol.

Bill

Who it should mean something to is federal prosecutors. Fines are one thing but jailing the perps is something that would really get their attention.

 

[easyrider]

Who it should mean something to is federal prosecutors. Fines are one thing but jailing the perps is something that would really get their attention.

I think it was two JP Morgan employees or associates that went to the nice Federal jail with small fines for a year a few others that cooperated and let go. All had ties to JP Morgan is what I think. Supposedly, JP Morgan would short silver contracts to drive the physical price lower then buy physical silver. They were caught using buying and selling orders that canceled before complete. Now they just buy and sell massive amounts of physical to manipulate the price.

What should happen soon, like at the end of the month, is there will be an accounting of sorts of silver inventory which again will show a huge deficit. This might be where it goes crazy again, lol.

Bill

 

[Carolinian]

I think it was two JP Morgan employees or associates that went to the nice Federal jail with small fines for a year a few others that cooperated and let go. All had ties to JP Morgan is what I think. Supposedly, JP Morgan would short silver contracts to drive the physical price lower then buy physical silver. They were caught using buying and selling orders that canceled before complete. Now they just buy and sell massive amounts of physical to manipulate the price.

What should happen soon, like at the end of the month, is there will be an accounting of sorts of silver inventory which again will show a huge deficit. This might be where it goes crazy again, lol.

Bill

What is likely to run dry over the next month or two is the Comex silver vault, and when that happens the corrupt paper silver market will likely implode. At the manipulated low price, lots of contracts are standing for delivery instead of cash settling.

I wish federal investigators would look at some of the corrupt practices of the Comex for prosecution, as well as the bullion banks.

 

[Brett]

Yes, big fines were paid but it seems they can afford to pay the fine as a cost of doing business. Its also peculiar that JP Morgan & others suddenly quit shorting silver contracts and switched to buying massive amounts of physical silver as they went long on silver. Then they sold physical silver near the top and then bought back the physical silver at a lower price. It really looks like the physical silver price is manipulated.

It's interesting but means nothing to the average Joe silver stacker. Stackers stack, lol.

Bill

Sure, nothing you can do about it.
I don't worry about wall street bank manipulations on the stock market or the bond market or real estate


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[Carolinian]

The gold boom started much later than your chart. That is why those addicted to stocks start their charts farther out.

Here are the 5 year returns on gold and silver versus the S&P:
Gold +172.12%
Silver +230..68%
S&P +84.92%

Here is who has been driving the gold market with their buying:

Interestingly, the two countries that were the biggest net sellers of gold in 2020-2025 on the chart several posts above, Phillipines and Kazachkstan, were both net BUYERS of gold in 2025. The third, Sri Lanka, depleted much of its reserves, both currencies and gold in 2022 dealing with a severe financial crisis.

 

[Brett]

The gold boom started much later than your chart. That is why those addicted to stocks start their charts farther out.

Here are the 5 year returns on gold and silver versus the S&P:
Gold +172.12%
Silver +230..68%
S&P +84.92%

Here is who has been driving the gold market with their buying:

LOL
The "jitters" will end in 2.9 years


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[Carolinian]

LOL
The "jitters" will end in 2.9 years


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View attachment 122401


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The "jitters" driving central bank buying of gold in the past few years has been the weakening of the fundamentals of all major fiat currencies from excessive government debt. The central banks are the whales in the gold market. Central banks are decreasing their holdings of all major fiat currencies - dollars, euros, yen, yuan, pounds, etc. and rotating into gold. Since none of the major issuers of fiat currency are likely to clean up their debt bombs, those "jitters" are going to remain for the long term.