Silver - the only metal that is used in so many industries in fully destructive ways that it becomes rarer over time. It has been artificially deflated for decades upon decades. It is overdue for a correction that will make gme moonshots look like a bottlerocket.
The really have no choice but to manipulate it down because they are all over weight, quite literally, on paper silver. Their is no physical silver to back up their paper holdings.
Silver - the only metal that is used in so many industries in fully destructive ways that it becomes rarer over time. It has been artificially deflated for decades upon decades. It is overdue for a correction that will make gme moonshots look like a bottlerocket.
Consider how much silver goes into missiles and other weaponry ......
For instance, it is said that a Tomahawk missile contains 500 ounces of Silver. Nuclear missiles and energy production requires silver. Lot's of it.
And it dwarfs industrial demand. .....
Where is the US demand for silver coming from? Mexico for at least 40%.
Given the stakes, there is an incentive to manipulate the price lower or keep the price controlled.
The really have no choice but to manipulate it down because they are all over weight, quite literally, on paper silver. Their is no physical silver to back up their paper holdings.