Silver Market Dynamics and Manipulation

Introduction

• Discussion on silver trading at the LBMA (London Bullion Market Association)
• Daily trading: 250 million troy ounces
• Concerns about physical delivery demands exceeding free float availability

Key Speakers

• Eric Young AKA "King Kong 98" on X
• Host: Mario

PSLV (Sprott Physical Silver Trust) Concerns

• Unusual activities noted in PSLV, not seen before
• Big entities (possibly bullion banks) shorting PSLV

Why PSLV is Targeted

• PSLV shares can't be borrowed for physical redemption, unlike other ETFs (SLV, GLD)
• Prospectus: Only unencumbered shares can redeem physical metal
• Bullion banks use other ETFs as piggy banks but cannot do so with PSLV

Impact of Shorting PSLV

• Shorting prevents PSLV from buying more physical silver
• Shorting explained: selling borrowed shares with the intent to buy back later
• Shorting creates selling pressure, neutralizing net buying

Market Manipulation Concerns

• Unprecedented shorting volumes in PSLV
• Regulatory inaction on market manipulation
• Mechanics of shorting leading to suppression of physical silver demand

How Investors Can Protect Their Assets

• Avoiding share lending by contacting brokers
• Importance of clear communication with brokers to prevent unauthorized lending

Silver Market Supply Concerns

• Decline in physical silver inventory at LBMA
• Estimated free float: 247 million troy ounces, less than daily trading volume
• Hypothetical: If significant paper contracts demand physical delivery, supply could deplete quickly

Speculation on Silver and Gold Market

• Tight silver market in London and New York
• Suppression of PSLV as a tactic to control physical demand
• Potential for silver demand to deplete available supply faster

Future Implications

• Silver price suppression linked to broader gold repatriation theories
• U.S. government potentially repatriating gold through bullion banks, silver following as a secondary
• Expectations for silver demand to rise significantly

Conclusion

• Market tactics show desperation by bullion banks
• Long-term outlook: Possible significant events affecting silver market stability
• Encouragement for investors to stay informed and take protective actions
• Acknowledgement of ongoing efforts to expose market manipulation