Quick Answer: Ted Butler – Who How And Why Behind Silver Manipulation?


Why is silver manipulation?

It protects the U.S. dollar’s value and enables banks to repurchase silver at lower prices. However, if short sellers on Comex were really as uncovered as it is claimed, there would be a huge ‘short squeeze’ and the price of silver would rise. Therefore, any manipulation using naked shorts would be short-lived.

Is silver being manipulated?

Silver has been again taken down by a massive market manipulation orchestrated by CME and the big institutional shorts – read J.P. Morgan. Until the CFTC imposes meaningful position limit rules on silver futures contracts, the small precious metal investor will continue to be the whipping boy.

Are Gold and Silver Manipulated?

It is too sensitive. In recent months several major investment banks active in the gold market have confessed to their own manipulation of the gold and silver through fake trading orders called “spoofing.” They have paid substantial fines for this market rigging.

Who is Ted Butler?

Ted Butler began trading commodities with Merrill Lynch in 1972. He also worked at Drexel Burnham Lambert in the 1980s. Since 1996, he has been an independent analyst, primarily focusing on silver.

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Why silver is a bad investment?

Most fees are low, like SIL ETF, which has an expense ratio of 0.5% per year. With major volatility in silver value the potential to lose value from a drop in silver price and then pay fees on top adds to the downside risk of investing.

Will silver hit $100 an ounce?

As for the shorter-term, the commodity is expected to average at $28 per ounce in Q4 2020. The bank also added that its foreign exchange technical team sees the potential for silver to reach $50 per ounce, or even surge higher – up to $100 per ounce – in 2021.

Why is JP Morgan hoarding silver?

JP Morgan, one of the largest and most widely respected investment and commercial banks, is adding to its Silver stockpiles. It appears that the bank is speculating that silver prices will rise as geopolitical events and trade tariffs increase volatility.

Who holds the most silver?

Peru, Poland and Australia lead the world with the highest silver reserves, but there were many other top silver countries by reserves in 2019. Here’s a quick look at where other nations stand: Russia — 57,000 MT. China — 41,000 MT.

Why is silver so shorted?

When a bullion banker goes long physical silver by entering into a contract to buy silver from a large diversified mining company, they automatically go “ short ” in the paper market to balance their position. This they can do ad infinitum so it is neither feasible or even possible to squeeze the silver “shorts”.

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How is silver undervalued?

With the “inflationary pressures of low rates, continued stimulus and a falling dollar, all precious metals are in an environment conducive for materially higher price potential,” Giannotto says. Samuelson believes silver remains undervalued relative to gold by 10% to 30%.

Is silver going higher?

What’s more, according to Metals Focus, silver supply was down 4% in 2020 by 42 million ounces. According to the Silver Institute, total supply will rise by 8% this year, though total demand will rise nearly twice as much, by 15%, led by industrial, jewelry and physical demand.

Why do banks suppress the price of silver?

“Why suppress the paper silver price? The answer to a physical shortage is of course to allow the paper price to rise in order to alleviate the shortage. People buy less of the commodity that way, and supply meets demand at a new clearing price.

How does JP Morgan manipulate silver?

J.P. Morgan Chase has quietly settled a long-running lawsuit that accused the bank of manipulating precious metals markets with “spoofing” trades. The three plaintiffs had accused J. P. Morgan of manipulating the silver futures market from 2010 through 2011 through spoofing trades.

What are silver prices?

Silver Spot Price

Silver Spot Prices Silver Price Spot Change
Silver Price Per Ounce $26.38 $0.20
Silver Price Per Gram $0.85 $0.01
Silver Price Per Kilo $848.14 $6.43
Live Metal Spot Prices (24 Hours) Last Updated: 7/14/2021 4:59:11 PM ET

What was the closing price of gold today?

Precious Metals

Name Price Unit
Gold 1,814.99 USD per Troy Ounce
Palladium 2,832.00 USD per Troy Ounce
Platinum 1,124.50 USD per Troy Ounce
Rhodium 2,175.00 USD per Troy Ounce
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