Silver is being held down on massive manipulation on the market by the trading houses and banks. It is a transparent scheme that will eventually implode.
I agree, but I wonder if even the big boys be able to keep silver prices artificially low if the Fed makes any intimation towards any new program (whatever the name) that smells of QE3 in tomorrow’s meeting?
Agreed.
Via silver derivatives, the big boys have manipulated the market in order to profit on silver’s volatility.
Physical silver will have it’s day.
The house of cards has to fall eventually.
I think you are partially correct. It also is being held back by virtue of the fact that silver is heavily used in industry. Industry got a punch in the gut. All of the idustries, across the board, lost huge today. No confidence in the future of the economy. Therefore silver will not used as much for industrial uses, and therefore did not rise like gold. The same thing for platinum, palladium, and copper.