Loading ...Screw being fair (I know you are only joking). These cretins (code for assholes) would keep PMs in the doghouse forever if you let them. The fact they are covering their shorts with prices at relatively elevated levels signals prices are going much higher because they are getting out of the way. They can no longer suppress real world constraints the corona-virus is exposing.
Just look at earnings. The silver producers won’t last long if prices remain at these levels.
I think once the majority of losses in stocks are seen in coming weeks silver will explode higher.
The gold/silver ratio is close to topping out somewhere around 100 here – a multi-generational high.
Cheers