>>60964706
>Reminds me of last year's curious gold tamp down during the summer
They can't really control the price with a tamp anymore, all they can do is stop the momentum if the volume is low. China (Shanghai Gold Exchange/Futures) is buying at $43+ so if they try and tamp down to $40, there's a three buck delta. You can get 250 thousand oz bars onto a shipping container and send it to China insured for under $100k, that leaves $650k+ profit.
China is now setting the effective minimum price for silver now. When China allows their citizens to buy silver bullion en masse, expect the price to jump a few more bucks, possibly even to 50.
