The Size of Silver ManipulationsteemCreated with Sketch.

in #silver7 years ago (edited)

The Silver market is being manipulated in a massive way.
2017-1oz-silver-eagle.jpg
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.

110126_stearns_entrance_ap_328.jpg
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.
U5dsnt2Y19qmNJ6S4rHWGSU4yi4wucH.gif

Sort:  

Congratulations @wardyy! You have completed some achievement on Steemit and have been rewarded with new badge(s) :

Award for the number of upvotes

Click on any badge to view your own Board of Honor on SteemitBoard.
For more information about SteemitBoard, click here

If you no longer want to receive notifications, reply to this comment with the word STOP

By upvoting this notification, you can help all Steemit users. Learn how here!

And this why we go to cryptos. Even gold is being suppressed.

Keep it up brilliant!

Hope you're right, have a bag of silver.

Coin Marketplace

STEEM 0.22
TRX 0.21
JST 0.035
BTC 98789.27
ETH 3346.59
USDT 1.00
SBD 3.08