Silver Manipulation Explained In A Simple Way By Ted Butler

from Gold Silver Worlds

The month of October marked the highest amount of Silver Eagles sales over the past five years. One could ask why the price of silver was coming down from its peak early October. Of course part of the answer lies in the fact that Silver Eagles are not the only form of silver bullion. But there have been numerous examples in the past where the demand for physical silver was increasing while its price was decreasing, as described by Jeff Nielson amongst many others.

The point is that the traditional law of demand and supply don’t always work especially not in the silver market. The central points is this: the price of silver is mainly determined in the futures market. That’s a totally different story than how the mainstream media is reporting it. The typical explanations we hear in the media: a worse than expected unemployment report caused a flight to gold and silver as safe havens, or better than expected GDP figures caused investors to get out of precious metals. The truth is different.

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