Yes silver the most manipulated asset is now being targeted by the Institution screwers. Can Wallstreetbets beat a JP Morgan Buying Silver or other banks? This could get interesting. Wallstreetbets wants Silver in the mid-twenty dollar range above $1,000 a troy ounce! Crazy man! Would love to see it!
Now do note that much of this RANT I am going on about here is of my own personal opinion and can be argued many ways, but who cares look at the cause/effect and numbers, as they don’t lie. Jamie Dimon can spin it any way he likes, obvious is obvious.
Its market is a global market, with price movements driven by demand. The metal has a dual nature, allowing it to function as both a monetary asset and a commodity. While the nature of silver highlights its suitability as a safe haven asset, the high industrial correlation appears to have prevented it from benefiting from this.
Unlike gold, jb morgan buying silver demand is primarily for industrial purposes. Most industrial operations had slowed by the end of the first quarter of 2020 due to the effects of the global pandemic.
Though concerns were raised about the impact of the operational slowdown on the metal's physical supply, more arguments and market sentiments were focused on industrial demand.
