Loading ...riefly: Smother pricing?? Do you mean if there was no futures players silver would go much higher much faster??
Ans:
Yes — that’s the argument.
Without futures/speculative players, prices would likely move more directly and violently with physical supply-and-demand, meaning higher spikes and faster moves during shortages.
Futures markets tend to dampen and spread price moves over time (“smooth”), at the cost of letting paper volume influence price.
Comment: So Silver would have gone much higher than $80 without futures players? That sounds like BS to me.