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.
Locked and loaded. The silver shorts don't have a chance. Make sure to buy physical or take delivery on your contracts. WWG1WGA.
Can you perhaps explain a bit more what you mean by "buy physical or take delivery on your contracts"?
For someone who has never bought Gold/Silver before and doesn't know much about the Stock market, comments like these are the ones that make me hesitant to go out myself and buy silver/gold because I'm afraid I'll get scammed or buy on the wrong site.
Other below have suggested APMex, SDBullion or local coin shops.
Does "buy physical" mean you buy real silver and have someone else hold it for you? What does take delivery on your contracts mean?
I'm happy to help with what money I can afford to lose, but not really sure exactly what I have to do.
There are a few options for getting into the silver market. There is physical purchases from reputable dealers. There is buying a silver ETF which gives you exposure to the silver price, but you don't physically own it. There are futures contracts for larger amounts that can either be settled for cash or physical delivery(take delivery). Jewelry manufacturers and bullion dealers are the types that typically take delivery. The futures market trades in large quantities of silver (5000 ounce contracts) so is not usually the way retail investors go, but if you have the money and are investing long-term, taking delivery on a futures contract is a good way to keep the silver market honest. If you are just getting started, small physical purchases are probably the way to go, but I can't give you any advice since I don't know your personal situation and risk tolerance. For someone just looking to make a short-term trade, the ETFs are an option, though I personally don't like them because electronic markets can be more easily manipulated.
Your post needs more visibility because it's a great, short explanation. Enough information to give the newbie buyer a starting point with all the right terms to input into a search engine. I hope more people just starting can see it.
Thank you. If you are interested, Peter hug has a balanced view on the subject. He just did an interview with kitco here: https://www.youtube.com/watch?v=2pIDNcHhhO0