What's Happening to Gold, Silver Platinum and Copper
Well the Shanghai exchange is shutting down from the 14th to the 24th of February and limiting the shorts contracts. So they are not able to manipulate the COMEX futures exchange from China. They crashed the price to cover the shorts and likely today Feb 13th there will be a big short cover. Is the physical shortage of silver real? Well the rate at which Silver is being consumed or used in the world is faster than it can be produced for use. All of that said the futures market contracts that offer deliverable metals is shrinking as people call their contracts for delivery. So the paper price is manipulated while the physical shortage happens. The next 2 trading weeks prior to delivery and no manipulation allowed by China could cause a crazy rise in the price of Silver to 140 and SLV to 125. This is not trading advice. All your trading must be done with proper risk management to your tolerance. There are varying degrees of risk in trading. No past performance is indicative of future performance.