I would jump on as many as you can afford... the explosion many of us have been predicting feels imminent with "buy silver day" possibly - finally? - acting as the catalyst to trigger an absolute tsunami of a short squeeze with silver.
Bullion banks have been artificially tamping down the price of silver for YEARS by dumping paper silver short contracts on the market every day. They are MASSIVELY over leveraged as a result, holding over 42,000 futures contracts - equivalent to 211 million ounces of silver - or nearly 1/4 of the worlds annual silver production.
Know what a "short squeeze" is? For every dollar silver increases in price, those bullion banks holding those massive silver short contracts stand to lose more than 200 MILLION dollars. Imagine what happens if silver goes up $5? That is 1 BILLION in losses. What about $10, $15?? Those banks rush to buy physical silver to cover their contracts and minimize their losses, further driving prices up, further forcing MORE buying of physical silver - already in short supply - to cover contracts and minimize losses, and on and on. This can clearly snowball!!
Will "buy silver day" be the catalyst we finally need to trigger an enormous short squeeze?? It certainly seems like it *could* be.
This article explains it all much much better than I can - WHY the bullion banks have been suppressing the price of silver, HOW they've been doing it, and the resulting situation, which looks like a powder keg just looking for a spark. If we're writing about $40 silver next week at this time... don't say you weren't warned!
[URL unfurl="true"]https://thebubblebubble.substack.com/p/the-mechanics-of-silver-price-suppression[/URL]
