Loading ...Ya that’s low. Last time it bottomed in this area was in 2010 right before silver took off to $50.
It bottomed at 135K and did not rise because the bankers were to scared to short it. The reason they are too scared right now is because their is literally no physical around a la the refiners being closed, among other reasons like the most profound debasement of the $ (all currencies) ever.
Nothing important or anything. Chuckle
Of course that’s why they must hide it — which is why stocks are bid — and PM’s are suppressed.
As I wrote many moons ago…silver is the bankers whipping boy…so they have defaulted to the usual script today.
Only thing is…with all the margin increases and OI down on Comex silver behind us…they can play this game for a while but they are not in Kansas anymore.
They are in stinky New Jerk.
Cheers