Someone Is Cornering The Silver Market To Cause A Silver Shortage

In 2017, investment in silver (physical bar, coin purchase and ETF) fell by 40%. In value terms, annual identifiable investment was worth $2.6 billion for the whole year. In the first 6 months of 2018, investments just in silver physical bars jumped to 27.3 billions Dollar. In such a small market, it is an explosive information. The silver price is still under $16 today, but it won’t last long at that level. With an open interest around 1 billion ounces on the COMEX, there will be a huge SHORT-SQUEEZE before the end of the year. Remember, the rule for silver as for gold : if you don’t hold it, you don’t own it. Underground reserves of Silver Underneath, I took over their 510,000 tons of the known total silver reserves from 2010, from which I subtracted production year after year. More or less, there are only 307,500 tons left in underground silver reserves. At the current pace of mining, this represents just 12 years of production. Mining pro...

from GoldBroker.com https://www.goldbroker.com/news/someone-cornering-the-silver-market-to-cause-silver-shortage-1368