Silver Price Performance USD
Change Amount % Today +2.99 +5.59% 30 Days +4.59 +9.41% 6 Months +20.08 +60.26% 1 Year +22.76 +74.31% 5 Year +30.78 +136.11% 20 Years +45.09 +542.98% silverprice.org - 13:38 NY Time
Hi, Ho silver! Tomorrow is a delivery day.....those that followed closely loaded up a few days ago at $50.......
Silver Surges $3 And Breaks $57 After COMEX Shutdown.
https://www.youtube.com/watch?v=2ZoFpYgRbBM
Broke $57 in futures....
From memory - most of it is used in electronics.
The reason for the outage was pretty specific…and odd. That tends to make it believable. They did not say, “Glitch” which means some idiot did an upgrade without testing it.
My guess is the “A” team wasn’t working yesterday and today…so a simple issue likely escalated.
Or, it could have been an Ocean’s 11 type of caper/hiest.
I wasn’t selling my silver anyway.
Silver breakout above 54 in a “cup and handle” technical chart formation easily seen on the 3-month price chart. Silver should go to 60 soon based on this indicator.
I’ve seen speculation that “someone” is purposely breaking the LBMA and CME.
The entire physical (not paper) trade of silver is something like $35 billion. That’s not a huge amount for some hedge funds, and certainly easy for a country like China.
The LBMA and CME exist on PAPER futures, traded by speculators. for a mere $35 billion, someone could stand for delivery of ALL the actual physical silver held by LBMA and CME banks and vaults.
What would that do to the price?
I started getting in on silver when it was @ $12. Last purchase was at 42.00. Historically gold traded 10 to 15 times over silver. Looks like were getting back to that ratio.
“Due to a cooling issue at CyrusOne data centers, our markets are currently halted”
More believable than a water leak somewhere that caused vote counting to halt in 5 states...
,,, this sort of statement can only really work once. If it happens again it could mean data warehouses are an emerging risk to markets, with clear advantages for manipulators.