Silver price discussion and analysis

[Dona Ferentes]

Yes I was!
Is that a problem ?

more like a necessity.

 

[greggles]

An interesting article on the mechanics of silver price suppression by bullion banks.

The Mechanics of Silver Price Suppression

Learn how bullion banks like JP Morgan and UBS slam silver lower almost daily to suppress its price—and why it's likely to break free from the manipulation soon.

thebubblebubble.substack.com

 

[Sean K]

An interesting article on the mechanics of silver price suppression by bullion banks.

The Mechanics of Silver Price Suppression

Learn how bullion banks like JP Morgan and UBS slam silver lower almost daily to suppress its price—and why it's likely to break free from the manipulation soon.

thebubblebubble.substack.com

The goal is to suppress the price, but I'm not quite sure why for longer term. Is it so banks can accumulate physical at the suppressed price and then eventually let it go to make a motza? This has been going on for a long time.

 

[Captain_Chaza]

Cancel post Please

 

[Captain_Chaza]

Ok so what would you like to see, the trade slips with dates and prices, or would a summary suffice?
Mick

A summary would be nice but I was more interested on the % you sold against The % you held if you thought the price of Silver was to fall and the liquidity of your penny dredafuls

 

[greggles]

The goal is to suppress the price, but I'm not quite sure why for longer term. Is it so banks can accumulate physical at the suppressed price and then eventually let it go to make a motza? This has been going on for a long time.

Here's what Grok has to say:

Several groups might have an interest in suppressing silver prices, depending on economic, financial, or industrial motivations. Here’s a breakdown of potential players:

1. Central Banks and Governments: Historically, some speculate that central banks, like the Federal Reserve or others managing currency stability, could benefit from keeping precious metals prices (like silver and gold) low to bolster confidence in fiat currencies. A strong dollar, for instance, often correlates with weaker metal prices, and suppressing silver could help maintain that dynamic.
2. Large Financial Institutions (Bullion Banks): Major banks involved in commodities trading, such as JPMorgan Chase, have been accused of manipulating silver futures markets. These institutions might profit from short positions—betting on price declines—or by managing volatility to favor their trading strategies. In 2019, JPMorgan paid a $920 million fine to settle spoofing allegations in precious metals markets, fueling speculation about their role.
3. Industrial Users: Companies relying on silver for manufacturing—like electronics, solar panels, or medical equipment makers—benefit from lower prices. Big players in these sectors (e.g., Tesla for solar tech or Apple for electronics) might indirectly prefer suppressed prices to keep production costs down, though they don’t directly control markets.
4. Mining Companies (Counterintuitive): While miners generally want higher prices, some heavily hedged producers might lock in lower prices via futures contracts to ensure predictable revenue, especially if they’re over-leveraged or fear a market crash.
5. Speculators and Short Sellers: Hedge funds or traders betting against silver through derivatives have a direct financial incentive to see prices drop. Their influence grows in highly leveraged markets like COMEX, where paper silver contracts often exceed physical supply.

The idea of silver price suppression often ties to conspiracy theories, like the "silver manipulation" narrative popular in some investment circles. Evidence is mixed—court cases and fines point to real market rigging at times, but definitive proof of a coordinated, long-term suppression effort is debated. Supply and demand fundamentals (e.g., silver’s dual role as an industrial and investment metal) also naturally pressure prices, complicating the picture.

Personally, I think the US government and the military industrial complex has an interest in suppressing the silver price due to its critical importance in military applications, particularly weapons like missiles. I believe we are entering a new intense phase of global warfare as countries scramble to secure reserves of critical minerals. I believe this is one of the primary reasons Russia is invading Ukraine. Eastern Ukraine is loaded with sizeable reserves of lithium, titanium, manganese, rare earth elements, graphite, iron ore and uranium. Keeping the silver price suppressed means the weapons of war are cheaper. Call me a cynic, but I believe the world will become increasingly unstable and gripped by war in the coming decades.

 

[Sean K]

Here's what Grok has to say:



Personally, I think the US government and the military industrial complex has an interest in suppressing the silver price due to its critical importance in military applications, particularly weapons like missiles. I believe we are entering a new intense phase of global warfare as countries scramble to secure reserves of critical minerals. I believe this is one of the primary reasons Russia is invading Ukraine. Eastern Ukraine is loaded with sizeable reserves of lithium, titanium, manganese, rare earth elements, graphite, iron ore and uranium. Keeping the silver price suppressed means the weapons of war are cheaper. Call me a cynic, but I believe the world will become increasingly unstable and gripped by war in the coming decades.

Thanks greggles.

The suppression zone that Jesse identified in his chart above was between $32 and $33 on silver futures. The bullion banks have failed overnight to keep it in check. Hopefully that is now support, but not counting chickens.

On the spot price, it's always looked like $32 was the key level to me.

Wykoff over at Kitko uses futures for his TA on gold and silver too thinking that it is a better indication of all sentiment baked into the price.

Silver Squeeze 2.0: Will silver price see the biggest technical breakout in modern market history?

The Kitco News Team brings you the latest news, videos, analysis and opinions regarding Precious Metals, Crypto, Mining, World Markets and Global Economy.

www.kitco.com

 

[Sean K]

Maybe ASF can assist in #SilverSqueeze2.0 ?




(Kitco News) – Silver investors have been watching gold’s multi-year rally with envy, with many asking when silver prices will finally catch up and outperform gold as they have in previous bull markets. The gray metal is now gaining some buzz of its own as a growing number of X users rally around the idea of manufacturing a silver squeeze on Monday, March 31.

The community’s call-to-arms is based on the belief that silver prices are being artificially manipulated through the futures market, keeping them low even as many of the traditional drivers – rising inflation, increasing physical demand, supply deficits, and skyrocketing gold prices – have aligned to support higher silver prices. They believe that a concerted effort to buy – and to not sell when the inevitable pushback occurs – could break silver prices through the ceiling and spark a bull run.

Peter Krauth, publisher of SilverStockInvestor and author of The Great Silver Bull, said that trade tariffs are the latest factor disrupting supply and spiking demand, and #SilverSqueeze2.0 could benefit from the timing.

Jesse Colombo, an independent precious metals analyst and investor, publishes The Bubble Bubble Report. He was one of the earliest prominent voices to come out in support of #SilverSqueeze2.0, and he has written some of the best analysis of the current dynamics in the silver market.

Colombo said that whatever happens on March 31, he’s on board for the long haul, because he thinks people need to become aware of the tamping down of silver prices that so often occurs early in the North American session, and what could happen when silver does break through.

 

[qldfrog]

silver not so good last night

 

[moXJO]

The curse of moxjo noticing silver price strikes again. Let's try again next decade

 

[Sdajii]

The curse of moxjo noticing silver price strikes again. Let's try again next decade

Like I was saying last month, gold seems to be the only precious metal the market much cares about these days. Platinum is less than half what it was, and gold is far above what platinum used to be. Platinum used to be the supercategory above gold. We still have terms like 'gold standard' and 'that's gold' etc, but 'going platinum' no longer makes sense.

Silver was always the lesser metal which struggled to keep up with gold, and with that being more obvious now, it could fall further. Let's face it, you can easily imagine someone dumping silver to buy gold, but it's difficult to imagine dumping gold to buy silver.

Gold seems like the thing to hold long term. Silver is a trading toy. Platinum is interesting, it's industrial but very rare and difficult to mine compared to gold, and a significant amount comes from South Africa which is loaded with issues these days since they decided to go to work genociding the people who used to make that place a success, and let's not kid ourselves, it's only going to get worse. EVs don't use as much platinum as ICEVs but the left who loved EVs now want to set them on fire, and a downturn in the economy could see a return in demand for ICEVs.

I haven't even checked copper but assume it has crashed.

 

[moXJO]

Like I was saying last month, gold seems to be the only precious metal the market much cares about these days. Platinum is less than half what it was, and gold is far above what platinum used to be. Platinum used to be the supercategory above gold. We still have terms like 'gold standard' and 'that's gold' etc, but 'going platinum' no longer makes sense.

Silver was always the lesser metal which struggled to keep up with gold, and with that being more obvious now, it could fall further. Let's face it, you can easily imagine someone dumping silver to buy gold, but it's difficult to imagine dumping gold to buy silver.

Gold seems like the thing to hold long term. Silver is a trading toy. Platinum is interesting, it's industrial but very rare and difficult to mine compared to gold, and a significant amount comes from South Africa which is loaded with issues these days since they decided to go to work genociding the people who used to make that place a success, and let's not kid ourselves, it's only going to get worse. EVs don't use as much platinum as ICEVs but the left who loved EVs now want to set them on fire, and a downturn in the economy could see a return in demand for ICEVs.

I haven't even checked copper but assume it has crashed.

My one hope is wallstreetbets degenerates.

 

[divs4ever]

I haven't even checked copper but assume it has crashed.

i believe you are correct



1 day
−8.83%

5 days
−14.19%

1 month
−8.37%

6 months
−3.74%

Year to date
9.20%

1 year
4.31%

5 years
101.14%

All time
4.55%


according to Tradingview

 

[divs4ever]

Copper Price & Charts - Market Index

Today's Copper price and charts. Download a map of Australia's copper deposits and 35 years of price history.

www.marketindex.com.au

according to Market Index

 

[Garpal Gumnut]

I'd be staying away from silver if you believe it is an industrial metal. Even if you believe it is more a precious metal I'd stay away because nobody else agrees with you.

It may not fall as much as the rest of the market but I cannot see a reason for it to rise unless Trump reverses his tariffs.

gg

 

[mullokintyre]

I'd be staying away from silver if you believe it is an industrial metal. Even if you believe it is more a precious metal I'd stay away because nobody else agrees with you.

It may not fall as much as the rest of the market but I cannot see a reason for it to rise unless Trump reverses his tariffs.

gg

I am staying away from everything, unless I see a strategic and compelling bargain.
Silver is not one currently.
Mick

 

[greggles]

After plunging $7 in two and a half days, silver has now recovered $3 in two hours. These price swings are crazy. Savvy traders must be making out like bandits at the moment. Volatility is at all time highs.

 

[mullokintyre]

After plunging $7 in two and a half days, silver has now recovered $3 in two hours. These price swings are crazy. Savvy traders must be making out like bandits at the moment. Volatility is at all time highs.

Its the pump time.
trying to convince the punters there are now bargains after a correction.
I am betting that there will be further falls.
Mick

 

[Sdajii]

After plunging $7 in two and a half days, silver has now recovered $3 in two hours. These price swings are crazy. Savvy traders must be making out like bandits at the moment. Volatility is at all time highs.

I think someone in this thread mentioned recently that silver was a great trading toy!

 

[greggles]

Anyone who managed to buy some silver when it was US$27.xx this morning got a real bargain. I did not manage to get any at that price but did pick up some at US$29.xx.

I still don't quite understand the full picture of the psychology that drove silver's wild ride since Friday, but my gut feeling was that sub-US$30 wouldn't last long.