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who is shorting silver

Why is silver being shorted?

There is a shortage of supply of gold and silver, especially for large deliveries. The 1,000 ounce silver bars, which are used for industrial uses, seem to be getting in short supply.

Which silver stocks are shorted?

The title of the most heavily shorted mining stock now belongs to McEwen Mining (NYSE:MUX), which has 16.43% of its float short, followed by First Majestic (10.92%) and then Seabridge Gold (NYSE:SA) and Northern Dynasty Minerals (NYSE:NAK), both at over 6%.

Who is controlling the price of silver?

The silver spot price is traded close to 24 hours a day during week days halting on weekends. The spot price for silver is mainly derived from exchanges centered in London, Zurich, New York, Chicago, China, and Hong Kong. The spot price fluctuations of silver today are mostly determined by the COMEX.

Is JP Morgan short silver?

JP Morgan has amassed a physical stockpile of silver of at least 600 million ounces by calculations at an average cost of around $20 an ounce, all while continuing to make hundreds of millions of dollars in manipulative COMEX short selling.

Why do banks manipulate silver?

It protects the U.S. dollar’s value and enables banks to repurchase silver at lower prices. However, if short sellers on Comex were really as uncovered as it is claimed, there would be a huge ‘short squeeze’ and the price of silver would rise. Therefore, any manipulation using naked shorts would be short-lived.

Is silver heavily shorted?

After GameStop GME and AMC Entertainment AMC, the Reddit’s “Wall Street Bets” forum is now eyeing to “short squeeze” the silver market, one of the heavily shorted markets with the majority of the short position bought by JP Morgan. The WallStreetBets group is calling silver the biggest short squeeze in the world.

Will silver be short squeezed?

Most analysts say no. A short squeeze is unlikely. … While many bullion-trading banks have large short positions in U.S. silver futures, these tend to be balanced against long positions in the London Over-The-Counter (OTC) market.

What happens if silver is short squeezed?

Silver futures rallied Thursday to mark their highest finish in three weeks, following a post by a Reddit user, who suggested executing a “short squeeze” on silver. … A short squeeze happens when a price increase for an asset prompts a rush in buying activity by those who previously bet that prices would fall.

Is SLV shorting silver?

The iShares SLV ETF is not shorting silver, its custodian, JP Morgan is shorting silver. This is what Jeff Currie meant when he said the shorts are the ETFs.

How much of SLV is shorted?

Sign Up for a Forever Free Fintel AccountShort Interest29,364,562 shares – source: NYSEShort Interest Ratio0.54 Days to CoverOff-Exchange Short Volume8,075,959 shares – source: FINRA (inc. Dark Pool volume)Off-Exchange Short Volume Ratio64.92% – source: FINRA (inc. Dark Pool volume)

Is First Majestic Silver a good investment?

Valuation metrics show that First Majestic Silver Corp. may be overvalued. Its Value Score of F indicates it would be a bad pick for value investors. The financial health and growth prospects of AG, demonstrate its potential to underperform the market.

Why do banks manipulate silver prices?

By maintaining an overly large short position in the silver futures market, so the theory goes, these banks have at times been able to suppress the price of the white metal in the face of bullish fundamentals. The belief is that the silver price will not rise significantly until these players allow it to do so.

Why does the price of silver fluctuate so much?

The price of silver is notoriously volatile compared to that of gold because of the smaller market, lower market liquidity and demand fluctuations between industrial and store of value uses.

What is happening with silver?

The Silver Institute predicted that global demand could rise by 8% from 2021 to a record high of 1.112 billion ounces in 2022. The rise will be driven by record silver industrial fabrication, which is forecast to rise by 5% as consumption increases in traditional and green technologies.

Who owns the most silver privately?

JP Morgan Chase JP Morgan now holds 133.1 million ounces of physical silver and the world record for most silver held under one name. Today, it also owns 50% of the world’s COMEX silver bullion.

Who owns the most physical silver?

Peru, Australia and Poland lead the world with the highest silver reserves, but there are many other top silver countries by reserves to know. Here’s a quick look at where other nations stand: Russia — 45,000 MT. China — 41,000 MT.

What happens to silver when stock market crashes?

Silver did not fare so well during stock market crashes. However, you’ll see that silver fell less than the S&P in all but one crash. This is significant because silver’s high volatility would normally cause it to fall more.

Is JP Morgan manipulating silver?

Florida Miner’s Lawsuit Accuses JPMorgan of Manipulating Silver Prices. Oct. 1, 2021, at 7:16 a.m. LONDON (Reuters) – A Florida-based silver miner has filed a damages claim against JPMorgan , accusing the bank of manipulating the silver market to push prices so low the company’s mine had to close.

How did JP Morgan manipulate the market?

According to the settlement, between 2009 and 2016 JPMorgan Treasury’s traders placed orders on one side of the market which they never intended to execute, to create a false impression of buy or sell interest that would raise or depress prices.

What is silver squeeze?

A little over a year ago, a crowd of online traders banded together not to buy Gamestop, AMC or even Bitcoin, but silver. Silver futures popped 8% in one day, touching an 8-year high on Feb. 1, 2021. Kristina Partsinevelos reports on the precious metal’s performance since the big squeeze.

Why is silver suppressed?

Why suppress the paper silver price? The answer to a physical shortage is of course to allow the paper price to rise in order to alleviate the shortage. People buy less of the commodity that way, and supply meets demand at a new clearing price.

Are Redditers buying silver?

Reddit buyers sit at the end of a fat silver pipeline. Only about a quarter of the 1 billion ounces or so that are produced each year is used to manufacture the bars and coins that most of them are buying, analysts say. Most of the rest is used for jewellery and in industrial applications.

Can silver be short squeezed to $1000?

Silver has seen price action to the upside yesterday as a result, with silver stocks climbing in response. Ultimately, pushing silver up to $1,000 an ounce is a practically, near-impossible thing to do, said Peter Hug, Global Trading Director of Kitco Metals.

Will silver Go to $100 an ounce?

If inflation continues to rise and reaches double digit values through 2022 and 2023, the $100 price of an ounce of silver could be possible. Consider that in 2021, we saw inflation rates averaging around 5%, which was the highest rate of inflation since 2008.

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