Today's Silver Slam

in silver •  7 years ago 

As I write this the price of Silver is being slammed down. Color me not surprised. I guess this is one more opportunity to buy some real bullion. a1drjohnthumb.JPG

Below is a current hourly chart:

silver slam hourly.png

This is about a 10% drop in price over the last day or so. Banks do this manipulation by issuing 'paper shorts'. There is no metal involved. These are paper derivatives. It illustrates how banks attempt to manage social perception of fiat currencies.

Here is today's beauty.

dollar1881scr.jpg

Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!
Sort Order:  

Buy buy buy. Silver going to blow up. Once gold gets reevaluated the price of silver will follow. Lots of silver producers closing down making a hotter commodity.

thank you very much for the information. i will buy some coin Silver

Banks do a lot of manipulations with fiat, more reason I'm comfortable with crypto

If I have money with me,I would buy too it's an opportunity now, i believe its gonna increase back in just little weeks