I don’t buy this article...
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You don’t have to buy the article, fact is Basel III agreements are international banking law, and that includes the US banking industry.
JP Morgan is the largest physical silver holder in the US, they have been quietly buying up physical silver for more than three years, why?
“JP Morgan is the largest physical silver holder in the US, they have been quietly buying up physical silver for more than three years, why?”
To work with a few other power players to control the price. Silver is rigged market. Adjusted for inflation it has never again reached it’s high in about 1986. The stock market is freaking out about inflation and silver is going down and it’s technicals are lousy. How can it be?
“On 03/05/2021, The technical condition of SLV is deteriorating. Overall momentum is slowing and if support levels are violated, further weakness in the stock is probable. The stock is underperforming the market when compared to the S&P 500 over the last 50 trading days. The MACD-LT, an intermediate-term trend indicator, is bearish at this time. If the stock closes below $24.10 a change in trend will be confirmed. Upside momentum, as measured by the 9-day RSI, is negative. The stock is in a short-term oversold condition based on a Slow % K stochastic reading of 20 or lower. Over the last 50 trading sessions, there has been more volume on down days than on up days indicating that SLV is under distribution, which is a bearish condition. The stock is trading below a falling 50-day moving average which confirms the deteriorating technical condition of SLV. SLV could find secondary support at its rising 200-day moving average.”
The above is why we are seeing more boosting of silver and another round of the 60 year-old fear porn stories.