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?
Go up I suppose?
What would that do to the price?
I just visited Tampa area, all five dealers out....however, mint tubes of twenty random dates still to be found.