If you go check any bullion site right now, they are almost sold out of silver. They halted sales until a price gets set Monday at market. Right now ebay decided on $35/ozt, for 100ozt bars! <=5ozt are going for $40-50/ozt! So we're looking at a pre-market spot price of about $45 average. This liable to jump even more. Gold is 9x more rare than Gold. So fair price for Silver should be around $200+/ozt! I expect we'll hit that this year or next. Perhaps shortly.
If this is the next wsb play, it's brilliant! This is how you "short-squeeze" the banks. Except you're really squeezing them against their own vault insurance limits, around $100-150M. That's why they've been metals spoofing for over a decade; and had daily meetings called Goldfix & Silverfix. They didn't want to build, staff and insure extra vaults to accommodate the price hikes! This is how we take back the wealth! www.bloomberg.com/ne...eaches-record-prices
Dozens of banks have been caught manipulating the metals prices and committing fraud, but here's the first mention of the daily meetings, Goldfix & Silverfix. Everybody just got slaps on the hand, so they're still doing it. nypost.com/2016/04/1...on-of-metals-market/
If this is the next wsb play, it's brilliant! This is how you "short-squeeze" the banks. Except you're really squeezing them against their own vault insurance limits, around $100-150M. That's why they've been metals spoofing for over a decade; and had daily meetings called Goldfix & Silverfix. They didn't want to build, staff and insure extra vaults to accommodate the price hikes! This is how we take back the wealth! www.bloomberg.com/ne...eaches-record-prices
Dozens of banks have been caught manipulating the metals prices and committing fraud, but here's the first mention of the daily meetings, Goldfix & Silverfix. Everybody just got slaps on the hand, so they're still doing it. nypost.com/2016/04/1...on-of-metals-market/
Now that the market has opened, I've adjusted the levels a bit. Silver dealers are charging $3-6 premiums around $32-36/ozt... I expect the spot price to get that high in the next week or month, $30-40 range for a while after that. If silver fever catches on, the prices will go wild.