@OMR To put it more simply for you.
This is a SUPPLY versus DEMAND problem.
The DEMAND for physical Silver is so great now, supply is struggling to meet demand.
On the 29 August 2020, approximately 650,000,000 ounces of Ag needs to be delivered to settle futures and options contracts on the COMEX.
The parties that must deliver, need to have 650,000,000 in their vaults to do this and the intel is THEY DON'T.
They will have to buy it on market. That is going to push the price up, BIGGLY. Right now no one really knows what that is going to do to the price of Ag, but I believe we will see a parabolic rise in price.
Do you remember the Oil price shock that happened in March 2020, when the price of OIL went negative? The oil price went negative because there was too much oil being delivered for the available tank space, so buyers were paying others to take it off their hands. Their TANKS WERE FULL.
We have the opposite situation developing here. THE TANKS ARE EMPTY.
V
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Price($) | Vol. | No. |
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