The control of silver prices

Silver manipulation is a topic that is often discussed among precious metals investors, but not always fully understood. Many people sense that silver’s price is being kept artificially low, but struggle to identify the forces behind this suppression. As a result, I have dedicated myself to studying silver manipulation, documenting the evidence, and educating others on this issue. In this article, I aim to shed light on how silver’s price is systematically manipulated and kept lower than it should be.

Simply put, silver price manipulation is driven by the desire to keep silver prices artificially low and prevent them from reaching key technical levels that could trigger a bull market. It is widely believed within the precious metals community that bullion banks, such as JPMorgan Chase, UBS, HSBC, and Goldman Sachs, are the primary culprits behind silver price manipulation. These banks are key players in the precious metals market and have been caught manipulating markets in the past, particularly gold and silver.

Bullion banks are members of the London Bullion Market Association (LBMA), which oversees the global over-the-counter precious metals market. As LBMA members, these banks have significant influence over silver prices and play a central role in activities such as price-setting mechanisms and facilitating large trades. This dominant position allows them to manipulate silver prices systematically and keep them lower than they should be.

One of the most common forms of silver manipulation is price slams, which typically occur during the New York COMEX trading session between 8:30 and 11 AM EST. These slams become more frequent and aggressive when silver approaches a key technical or psychological level that could trigger a breakout. Bullion banks step in to drive the price back down, demoralizing investors and preventing silver from gaining momentum.

Recent price action in the silver market provides a clear example of how silver manipulation works. Silver has repeatedly attempted to break above the $32-$33 resistance zone, only to be slammed back down each time. This has kept silver stagnant, even as gold has surged, preventing silver from following its historical price relationship with gold.

One notable example of this manipulation occurred on February 14th, when silver staged a powerful breakout, only to be pushed back below the $33 level by a flood of paper silver dumped onto the market during the U.S. trading session. This deliberate move halted the breakout and demoralized silver investors once again.

These manipulation slams often occur during Friday mornings when trading volume is lower, allowing bullion banks to manipulate silver with minimal resistance. The use of paper silver, in the form of futures contracts largely unbacked by physical metal, is a key tactic used to suppress silver prices artificially. This manipulative pattern has persisted for decades and consistently driven prices downward.

Overall, the evidence of silver manipulation is clear, with sharp price slams occurring during the New York morning session on a consistent basis. As long as this pattern continues, the suppression of silver prices will remain a significant issue in the precious metals market.