Silver news is a hot topic to follow right now. Even those who don't see silver as a monetary metal can't deny its huge industrial demand. The price has been going up and down ever since it peaked at $121.64 in January. The silver futures markets manipulators got spooked, and they've been desperately trying to hammer the price down ever since.
I was in the drive-thru at Dutch Bros this morning when I decided to see what silver price was doing. I smirked when it had been hammered down to a little above $68/ounce. It was trading around $85/ounce the night before when I had gone to bed. Fast forward to the time of this post and it's now at $74.59/ounce. Nobody in their right mind would believe for a second that it dropped $17/ounce in 10 hours, then rose $6/ounce in 14 hours.
This is today's silver chart according to Kitco.
Buy the dips while you can, but make no mistake. The manipulators are desperate to keep trying to hammer the price down. Eventually, their bag of tricks will run out and silver is going to run farther than anyone can imagine. We're witnessing history in the making, and I'm having a good laugh at the manipulators' expense as they spit into the wind.
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