No big deal. These manipulated smash downs are simply the last gasps of survival for the bullion banks ‘short’ silver. You don’t need to be Einstein to know you can’t make solar panels from silver ‘futures’. It’s the silver bullion that is being consumed more than being produced globally.
Traders over committed to the short side will be toast, sooner than later – I am tipping by mid-year or earlier. When the USD finally loses all credibility, money will flow away from the dollar and into ‘real’ assets of which silver is one. Once the buying of silver (bullion) starts in earnest, the true market price of silver will be revealed. That will truly be an OMFG time for us all!
In the mean-time sit tight and enjoy the show!
IVR Price at posting:
4.2¢ Sentiment: Buy Disclosure: Held
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