Question to stackers about silver commodity trading
🧐 Research Wanted 🤔
I have been checking Kitco (https://www.kitco.com/) daily to follow silver pricing. Lately I have also been checking COMEX (https://comexlive.org/) for the same reason. Every day I see that there is a significant difference between the two companies, with COMEX usually $7 to $8 higher than the Kitco chart.
Does anyone know why that is?
Bonus question: After silver hit the mid- to high-$80's a couple of weeks ago, why has the price dropped again?
https://x.com/silvertrade/status/2006514199019532629
$106 Billion in repos on NYE alone. The banks are broken. They're being forced to liquidate shorts which is why the price is crashing. There still might be crashes until they're flushed out.
We don't know what bank or banks are in real trouble. I'm going to be doing some research and possibly shorting a bank ETF. It won't matter if I get the exact bank wrong with an ETF that holds a bunch of them.
We're in for a roller coaster either way. There could be 10-20% price swings daily. Be smart and don't get greedy.
https://www.youtube.com/watch?v=f9TIwNUVDIQ This guy has really good analysis. It's boring and college level but informative. I wouldn't take advice from a cheerleader. Sometimes you need to hear what you don't want to.
Ok, thank you.
https://www.tradingview.com/symbols/FRED-RRPONTSYD/
Repo was 2.5 trillion in 2023. I'm not saying a bank isn't in trouble,just a little perspective.