Replying to Avatar FreedomRock

There 12000+ paper contract requiring delivery of silver. The vaults are virtually empty. The banks are trying to delay. Industry going direct to miners. The banks are losing control, silver has broken out to realise its true value. It’ll hit $150 without fail. Disclaimer: My opinion, not advice.
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Stacking Functions 4d ago 💬 2

Yea watching Samsung reopen silver mines in mexico is pretty crazy. Some are guessing Elon will buy some mines as well

If the exchanges don't have the physical metal in vaults then they probably shouldn't be the ones setting prices lol. They're raising margin requirements tomorrow since that tactic worked back in 2011 (CME hiked margins 5 times in 8 days back then)

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FreedomRock 4d ago

With empty vaults industry will make private deals. Elon may well buy a mine or two!

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Henry 4d ago

If they actually want to make those silver carbon batteries at a affordable price they wont have much choice.