Unbelievable increase in volume in Silver Spot market

in #silver6 years ago

There has been the most dramatic uptick of volume in the Silver spot market since June 25th.

It is orders of magnitude more volume than in the past, going back to 2010. Is it buying or selling? If you look, the price action as been lower since this uptick in volume.

It's not just silver, same same for the Gold Spot market.

gold_spot.jpeg

If you follow what's going on, the gold and silver markets are being suppressed on purpose by the "powers that be" by naked shorting these markets. I don't know what this means short term, but given that the price has been going down since this started on June 25th, I'd say this is more of the suppression. I don't really know what the future holds, but I am thinking the longer term future of the precious metals is going to be higher.

Sort:  

Possibly money moving into oil as a hedge rather than metals?

Maybe it’s money moving out idk. It seems like a lot of volume for normal selling

Apparently this isn't the COMEX volume, so I'm not sure what we are looking at. Here's a link where you can see these charts.

https://m.netdania.com/commodities/xagusd/netdania-rt-chart

If anyone knows what this is representing, please speak up.

Here’s a video talking about it.

Congratulations @florio! You have completed the following achievement on Steemit and have been rewarded with new badge(s) :

Award for the number of upvotes

Click on the badge to view your Board of Honor.
If you no longer want to receive notifications, reply to this comment with the word STOP

Do not miss the last post from @steemitboard:
SteemitBoard World Cup Contest - France vs Belgium


Participate in the SteemitBoard World Cup Contest!
Collect World Cup badges and win free SBD
Support the Gold Sponsors of the contest: @good-karma and @lukestokes


Do you like SteemitBoard's project? Then Vote for its witness and get one more award!

Coin Marketplace

STEEM 0.19
TRX 0.14
JST 0.030
BTC 60122.55
ETH 3199.29
USDT 1.00
SBD 2.43