The chart for today is wild after Shanghai opened.
Went up to almost $84 then dumped to $75.
Would be curious to know what exactly happened there since it typically dumps once London opens and paper contracts can do their work
Discussion
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.
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)
