Are Bullion Banks Probing for Silver Stop-Losses?
Lately we've been seeing a repeated trend with silver prices. The price will steadily rise until it hits about $90-95/ounce. Suddenly, after the Shanghai exchange stops trading, ridiculous amounts of orders are entered and the price suddenly drops $10/ounce in a matter of an hour. You can't tell me the bullion banks aren't deliberately manipulating the price.
(Created with ChatGPT)
The bullion banks know they can create a price crash if there aren't enough purchase orders to stop them. They know others have put in stop-loss orders to prevent completely losing everything if the market were to crash. Once they drop the price low enough, they know it'll create a waterfall effect for the price.
Once the price has crashed about $10/ounce or more, they buy back in at the discount they created. Then, they allow the price to rise again. Rinse and repeat. The problem with this is everyone sees the manipulation and what little trust is left is waning.
I wouldn't be surprised if in the next few years we see the balance shift. As much as I hate to say it, we may see the Shanghai Exchange dictating price once complete trust is lost in the COMEX and LBMA. It'll be interesting if that were to happen, since you know the West isn't going to side idle and let it happen. These are interesting times were living through.
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