“Just noting that the chance of silver reaching a new all-time low is 0%.”
When I used to trade commodities in the 80’s we always said: the ______ market will always find support at zero.
Watched a man short three 5,000 oz silver contracts at about $15.00/oz just when the Hunt brothers started their corner. He couldn’t get out for four days and had to sell both sides of a duplex he owned...
I remember the silver high from the 80’s VERY well.
Right now, demand for silver has never been higher. The paper contracts on silver, THEY DO NOT HAVE, is what is holding back the rise of silver. They shut down COMEX the day after Thanksgiving because they could not complete a contract that wanted physical silver.
Demand is up for industrial uses for silver from car batteries to solar is exploding. Combined with the fake paper silver being traded, and more and more people and countries want REAL actual silver is going to come to a head at some point.
They have been illegally manipulating the price of silver for some time now and chickens are starting to roost. I see no way this turns out good for them. Demand in the East is seriously exploding and they want real gold and silver. India, China, and others know this to be a real source of wealth and not paper or paper money.