It seems that silver stackers were anticipating the drop in metal prices as people liquidated their metals to pay their bills when their 'other' income streams, i.e. oil revenues, got 'cut off', whether trading in legitimate or black oil-markets.

This is one of the reasons, I think, that the paper price is so ludicrously low, compared to the actual barrel-price coming off a ship. Sort of a relief valve, as the market figures out the new financial and insurance pathways. Or, one could see it as a trap, where metals fill the gap.

So, when a 'war' breaks out, metals are temporarily brought down, contrary to standard wisdom that metals are THE investment choice during a war. Of course they are, but there is that funny dip, before several years of bull-run.

However, stackers know, and continue to buy the dip.

Hurrah.