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Gold set a New Record Already today, 2632, Silver was beat down below 31 to 30.30 but has bounced back to 30.90. These are Kitco-listed Spot Prices. All the other Bullion Dealers tend to use at or near 1% Higher spot prices. The Paper Traders beat down silver even harder than gold... 🗣️ DISCUSSION 💬
posted ago by GodBlessAmerica58 ago by GodBlessAmerica58 +40 / -0

Actual newly mined silver is around 1 Billion Troy Oz a Year, Paper contracts are over 400 B Troy Oz.

So an essentially 30 B business becomes well over a 1 T business on paper. Look for the paper trading to go away and silver to find a more stable value.

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