Silver Manipulation Explained in Detail

[IdahoCopper]

Slamming Suppression

https://www.zerohedge.com/precious-meta ... uppression

[68Camaro]

That's a great explanation of the market forces and an reasonable explanation of the behaviors we see. I recommend this be read by anyone with silver.

That said, we don't have to believe everything in it as gospel. He speculates about the motivation (as he should). He attributes the slamming to protection of fiat by the bullion banks, on behalf of the central banks in general and the US Treasury and Fed specifically. That may be an element of it - perhaps this IS an officially sanctioned activity. But... the bullion banks don't do this out of the goodness of their hearts - they would have to see a benefit to them, and based on what he shows in the article (a heavy heavy bias in prices between NY trading times and Asian trading times) I think their motivation is making money on those trades. This is a cash creation engine for them, at the expense of the small time trader, or any business that uses futures for hedging protection. Essentially the bullion banks are extracting a fee from the futures market - "you want futures protection, you tolerate this pattern of price differential and look the other way".

The article undercuts their own argument that silver is undervalued by showing that X amount of silver from 60 years ago has the same purchasing power today, which suggests that the price of silver is not undervalued relative to the USD. Silver *is* undervalued relative to gold, but TPTB had to relinquish control of gold (at least for now),because that market is too big and the central banks themselves are buying it out of safety.