Did the SILVER Market Just Break? (Who REALLY controls the Silver price?)

December 26th 2024 interview with Silver Expert Ed Steer. Ted Butler who most people in the silver market would call the ultimate silver expert because he had been investigating the SILVER (FUTURES) MARKET for 40+ years (And the CRIMINALS who run it) but Ted died just a couple months ago and I now consider Ed Steer the top Silver Expert as he became partners with Ted Butler and studying the SILVER MARKET since 1997 which he continues today believing the SILVER MARKET is on the cusp of breaking out of the CONTROL (& PAPER PRICE GAMES) of the POWERS THAT BE.

NOTES:
Ed says that Ted Butler said the normal short for SLV should be around 7-8 Million shares and on Christmas eve it was 50 million shares short (An increase of 146% in just 2 weeks which is INSANE) & the week before it was at 20 million shares SHORTED. Ed says the reason this SHORT POSITION went UP is because someone was required to DEPOSIT 30 Million ounces of SILVER (As investors buy into the SILVER ETF). The next short report is due on Friday January 10th. SLV is the largest SILVER ETF on the planet so that is the one Ed follows. If people buy 50 million shares of SLV in a day then someone has to deposit that much SILVER into the SLV ETF. So if they can't buy the SILVER at the going price (NY COMEX or LONDON LBMA) then they just SHORT THE SHARES of the SILVER ETF (Criminal activity). Ed says if they were forced to buy 30 million ounces of silver then the price of silver would be at $200oz as they speak now. Shorting the ETF in lieu of depositing the silver is CRIMINAL as far as Ed is concerned. The price of silver would have blown SKY HIGH long ago if you weren't allowed to short these ETF's. Ed says the last 3 years the SHORT POSITIONS have been really ugly & noticeable while before it wasn't as bad and this short position has been GROTESQUELY BAD for the last 6-7 months. SLV hit close to $32 in October and Ed says if they didn't come then (2 months ago- October) and knock the price down then silver would be $350oz by now. The BIG 4 (But Total is 8) COMMERCIAL TRADERS/Bullion banks make the silver prices. Ed says even if Silver exploded up 10X over night, it will NOT affect the silver miners as they take YEARS to catch up to the SILVER DEFICIT. Ed says that once SILVER goes to $40oz in a short time then $75oz in a month then the RETAIL INVESTORS will pour in and demand will go THROUGH THE ROOF. Ed says it is NOT the INDUSTRIAL DEMAND that will push it through the roof but it will be the RETAIL INVESTORS stampeding in as they sell their over valued TESLA SHARES for cheap SILVER price going up.

Ed says that SILVER is in a STRUCTURAL DEFICIT that will not stop unless they can kill demand somehow. They are CONSUMING MORE SILVER than they are MINING. The DEMAND for 2024 was 182 million ounces of Silver which is more than the supply that was mined in 2024. This SILVER DEFICIT gets worse every year as it was 107 million in 2023, & 90 million in 2022, & 75 million in 2021, etc... The supply deficit has to be made up from the COMEX or LBMA supply.

Ed says in 2008 the US FEDERAL RESERVE asked JP MORGAN to save BEAR STEARNS from bankruptcy as BEARN STEARNS had a $2 billion MARGIN CALL on GOLD & SILVER when it went up in price and they could not make the Margin Call and if they folded the Gold/Silver price would have gone to the moon. Ed says that as soon as Bashar Assad lost Syria and went to Moscow, the demand for Gold/Silver has increased because the DELIVERY for the FUTURE CONTRACTS has gone up a lot from what was scheduled for delivery this month of December.

The US NATIONAL DEBT just blew through $36 TRILLION and if you look at a LOG RHYTHMIC Chart is is going up VERTICALLY right now and will continue that way until the currency gets destroyed. Ed says the POWERS THAT BE do not want people selling their TESLA STOCKS and others that are HUGELY OVERVALUED and buying PRECIOUS METALS & hard assets that will save them in the end. We are currently in the BIGGEST BUBBLE the world has ever seen including the SOUTH SEA BUBBLE & TULIPS MANIA, etc.... Ed just turned 76 years old in October 2024 so born in October 1948. We are WATCHING the END GAME right now and we will see the GREAT RESET (Willem Middelkoop's 2014 financial book) but this financial system has run its course already with the FIAT CURRENCIES.

Source: CapitalCosm
https://www.youtube.com/@capitalcosm/videos