@LordOfTheKangs Tldr the roller coaster is loading up. Slams will come. Main issues comex inventory, banks driving retail go speculate. As written many times physical stackers(coin fags) can safely ignore.
Shanghai chart below right now. Futures trading even higher. Physical market during the day and futures market at night all going at a premium above comex benchmark. There is a actual physical "shortage". People are actually taking physical delivery.
Shanghai platform had regulators intervene twice in the last month to increase the threshold for players to invest in silver. This is because no matter what kind of clearing system they use, the physical silver from comex has a lag before getting to shanghai.
last year jan due to trump tariffs speech, sliver was dumped into america as a hedge. Just look at comex inventory graph. Upstream silver suppliers thought that trump was going to put 25% tarrifs on precious metals. Now that glut of metals is exchanging hands and getting pulled.
This isnt just for what comex have on books but for all the metal in american bonded warehouses. They need to head to china, get melted down, assayed and then delivered. This is alot of metal but there is a big time delay. Maybe months. There is a very clear arbitrage but no way to fix it. This constantly drives price up. But real demand didnt change. Speculators especially paper trades will be lagged out.
Once the speculators run out of steam, banks who have been slamming the benchmark will introduce retail. And rug it all. Probably kill the momentum for a good few months.
Jan this year china had 3 official days off.
Chinese new year will be 9 days. An entire week down via spoofing(banksters down need big volume). Going back down to 70 dollars is possible.
Not worth getting exposed to this turbulence when you can buy mining stocks
