Paper Trading & Manipulation in Precious Metals
One Comex contract for silver is for 5,000 ounces.
Average inventory of silver available for delivery is 30M ounces.
Silver production for the year is about 800M ounces a year.
Supposedly more than 45 thousand contracts traded on Feb. 29 or about 255M ounces.
In a matter of hours, paper silver sold 8.5 times more than inventory available for sale.
So do I believe that the silver market is manipulated?
Read more here: Paper Trading & Manipulation in Precious Metals