It will be hard to blow out the silver market on paper as they can just hammer in unlimited paper shorts to hold the price down.
However one place to start is the SLV ETF as they have to (in theory) order the physical silver for the fund - but this can be rigged on paper.
The place that will blow out the silver market is the physical, but it's no good buying a few ounces at a massive spread.
The way to buy physical silver is with futures contracts which are legally for delivery -
HOWEVER - most retail brokers - even IB which is semi professional will not allow you to take delivery - rigged at all ?
So you need a pro futures Broker - Dorman, Advantage Futures, Wedbush, GAIN, FC STONE, there quite a number of them that the pro hedge funds use. You buy a contract on the front month and hold it for delivery.
You can buy on margin to start with but you will need 5000 ounces for delivery X the price of the silver +/- the P/L on the futures contract. So at $30/oz it's $150k cash to take delivery.
This is the only real way to blow out the silver market. They don't have stocks in the COMEX warehouse, so taking delivery will blow the market apart, but it's not a game for $5000 accounts on Robinhood.
We could band together and buy physical and then distribute in small blocks to anyone who wants to buy a smaller amount. That would need some system, escrow, website etc. to gather up the orders. (Not for profit for rebellion :-)
Locking:Thread is getting a bit uncivil.
Investment discussions may be better suited at https://wsbets.win/
Why not just buy PHYSICAL silver from a bullion dealer? Then you know you have the real thing. Listen to this guy for the reasons why. https://www.reddit.com/r/Wallstreetsilver/comments/lal1ie/stop_thinking_small_a_message_to_wsb_et_al_re/?utm_source=share&utm_medium=web2x&context=3
My dumb comment follows:
It is easier to know the # of shares in a company in total than to know the total amount of silver in the world. Therefore, to definitely put a cap on the amount available or held for pricing purposes seems to me to be arbitrary.
And you can create more shares or substitute other stocks as investments. Silver doesnt just appear with some paperwork. Scarcity is the key.
http://www.cmegroup.com/delivery_reports/Silver_stocks.xls
they claim to have 300M ounces on hand - so doesn't exactly seem in short supply !
Bad info and understanding of the market. OP obviously isnt in the industry of finance or metals. Physical delivery almost failed the last 3 months they delivered. Contracts went unfilled for a number of days each time. They cant just buy more paper or they risk having to deliver. OP doesnt understand the market
actually i am series 3 CTA futures trader with 20 yrs experience.
i haven't handled physical, but i am also a trained geologist.
if the Comex Warehouse says they have 300M ounces on hand you are either calling fraud or they have it on hand.... there are only two explanations.
either they have 300M ounces or at least they must have 100M or something !
there were problems with delivery in March April because of the pandemic and things being totally shut down, but I am pretty sure if you sit for delivery you will get your 5000oz of silver.
calling "BAD INFO" on a legal document produced by the actual futures exchange is what makes Q ppl look so stupid.
back it up - why is it bad info - what is your data - what is your source.
that is the COMEX warehouse stocks for the financial markets in silver for delivery - if you know something better - spit it TF out !
did alien lizardmen steal the entire comex stocks ?
did baby eating politicians discover silver makes them live forever if they stick an oz a day in their asses ?
you have to come with a bit more than BAD INFO....
there are can often be a few hiccups with delivery, but i followed this market for 20 years and generally that's all a lot of hype pushed out by bullion dealers to jack the price on physical and bank a tidy profit... look at what is happening....
"physical is tight" - there's no supply - but the inventory has 300M ounces on hand.... sure they are 1000oz bars for commercial - not 1oz shiny coins for Joe Idiot to buy thinking it will go 10 times up in price... but the silver is there if you want it.
if i can drop a load of nonsense on reddit - about 'tight supplies' and sell silver rounds that are worth $27oz for $40oz to idiots that think they have discovered some huge conspiracy - well that's the real conspiracy isn't it now !
If you didn't know silver market is jacked, you arent top of your game. My credentials are better in finance.
Lets bookmark this thread and reach back in march 2022. I am never afraid to admit it wrong, I am good waiting the time for a major major major call to play out.
you haven't come with anything concrete - let alone actionable - not a stich....
I've been trading silver futures since 2000... when it was under $2oz
I've seen every pump and dump since then...
This looks like more of the same
COMEX is the clearing house for the US Silver futures, they claim to have 300M ounces on hand - hardly a shortage - enough to keep the conspiracy retards happy buying rounds at $10 oz markups...
Sure Silver can run to $100/oz why not - its crypto for dummies
but you haven't come with a single piece of information as to why you think the official comex no#s are wrong.
if they ain't got 300m and that number is jacked up - they gotta have something in stock to cover their asses.
If you buy rounds now at $40oz and silver runs to $100... you pbly only get $80/oz to sell them so it's not a fantastic trade really, compared with doubling your money in many other venues - crypto springs to mind.
You gotta come with facts not opinions...
March 2022. Lets bet a beer and an apology. I will even fly up and do it in person. My call is right that the market finally getting sprung. Mar 2022 should be where we see good acceleration proof. These things reprice in fits. Watch the fits over the next 14 months.
an opinion on a price move doesn't explain why Comex warehouse says it has 300M ounces in stock and why that constitutes a physical shortage.
i love silver, i hope the price goes higher, i am trying to produce some actual analysis... some intel here....
how much silver is used a year / month
how much of that 300M is ready to go - how much will got out for delivery
how much more is prodced
it's a market place - you wanna gamble - there's vegas and football games...
I think that indeed is the way .....
With a potential clientele of 7 million people, it should be not too difficult to set something up like that.
At the same time, the freedom to use paper to manipulate the price in the direction you want is still feasible, because the taking delivery is complementary to settling in cash when done both.
This way, you make money either way.
The thing you should remember about silver is.... BUY GME & HODL!
buy PSLV and have Sprott do the futures delivery. There actually IS a way for SLV to cheat the market. If you read their prospectus, they only have to have the "bulk" of their assets in Silver and the auditing is opaque as well. Research PSLV, I think you'll find it's a decent vehicle for pressuring the Comex via the futures market, albeit a little more roundabout method. I've also heard that you can buy directly from Majestic Silver although I've never done it.
well it's US futures
it's nymex / comex
https://www.cmegroup.com/clearing/operations-and-deliveries/nymex-delivery-notices.html
you'd pbly have to pay VAT to bring it into Canada - GST you call it there I think.