WelcomeUser Guide
ToSPrivacyCanary
DonateBugsLicense

©2026 Poal.co

sauce https://www.kitco.com/news/2021-05-11/Accounting-errors-causes-LBMA-to-overstate-silver-holding-by-3-300-tonnes-during-March-Silver-Squeeze.html

(post is archived)

[–] 0 pt

4.5 trillion to be printed --> Silver tanks. Story of my life.

[–] 0 pt

Well I'm about to buy more no fucking way silver can keep going down makes 100% zero sense

[–] 0 pt

The price of silver is dominated by industrial demand, and industrial trading. It's primary use is in manufacturing of products, as opposed to coins or bullion. Especially electronics.

Today's price is more an estimate of tomorrow's expected demand. Because the economy looks uncertain, industrial traders are holding back.

Should the economic outlook improve, they will jump back in, trying to get in at the market bottom.

The time for buying is when the news is bad. Not unlike now:)