February has been 1 of the biggest Silver buying months in human history!
29.5 mil silver oz were delivered at COMEX yesterday. This is one of the top 5 amounts since 2000. 20 day total is now 41.5 mil.
Sprott physical silver trust in just 26 days in February added a MASSIVE 29 million ounces. To put it into perspective sprott silver holdings grew by well over 30% in just 1 month.
Not to mention the countless other trusts, bullion banks, retail buyers scrambling for silver emptying out all the bullion dealers buying millions upon millions of ounces per week in silver bars and coins.
How much silver got sold in February? Surely it’s in the the 100s of millions (in ounces).
An unprecedented buying frenzy like this should have resulted in the silver price smashing $100 under normal conditions yet the price has barely moved and actually dropped over 3% on Friday the 26th to $26 an ounce.
The only possible explanation is 1 of the biggest, short paper dumps in history from the big banks deliberately suppressing the silver price.
Should silver buyers and stackers who are holding for the long term be worried?
No! They should actually be celebrating as the paper dumping, short selling bankers are ironically actually helping.
Because the Billions and Billions of $$$ dollars pouring into the silver markets each and every week are hoovering up all the silver at bargain-basement prices. At $26 silver investors every week are taking almost 4 times more physical off the market than they would be if the price was $100. The silver stacks will be 4 times bigger!
It only accelerates the draining of all physical silver bullion from the market and once supply has completely dried up the price will shoot up 4 times higher than what it would have if the Silver market was not artificially manipulated with excessive paper short selling.
As when the price eventually starts shooting up, all the short sellers will need to buy and close their positions. The short squeeze will happen it is inevitable. That is when the silver rocket will go supersonic!
Where do you estimate silver will be in 1 year from now? leave your comments and thoughts below!