It's well known and openly admitted and lawsuits have been won about manipulation in the precious metals markets.
The low side of the Gold to Silver ratio is about 100 to 1
The high side in history was 10 to 1
So if Gold inches up to $2500 oz... that puts Silver at $250
currently $27 - that might sound mad - until you think into the performance in many other assets, Tesla, Cryptos etc.
JPM, Barclays and all the spooks have gone out of their way to crush silver prices for decades - this is one way we can beat them.
Silver futures are a small market place - we can easily squeeze them out there.....
The Hunt Brothers did it in the 70s but they didn't have the viral power we have.... to get the masses behind them.
I was lucky enough to pick some up when it dipped down into the $12s (although with the premium it was in the upper $14s). That is when the big push happened and within a few weeks - once silver came back in stock, it had doubled. It really hasn't fallen since then, it fluctuates between 25-30 now.
What affect will reddit hitting the paper market have on the physical market - I see physical is already up over a dollar today? I went ahead a purchased a few shares of $SLV for the hell of it, but I primarily hold physical. Will this have a permanent impact on the market or just cause it to spike for a few weeks? Can they really do damage to JPM... who has been holding silver down?