Loading ...and reducing position limits to protect the banks and their shorts. Anyone who plays in the western markets is a fool. They’ve literally just pulled the plug out on long contract profits. They’re wiping out a whole slew of players in platinum and palladium, that are getting brutalized even worse.
Don’t know where the freefall stops. All gains in silver from Friday are gone. I sure hope that the folks who can take delivery do.
We’ll see if this changes the trend for a while depending on how deep the forced selling is.
What I don’t understand is that the spread vs. physical is compressing? If the price in Shanghai is $86, how is that possible?