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11 years. This is a significant milestone. Banksters and PM short positions will need to shift gears. They were unsuccessful in getting the price down below 30 dollars. Shorts will need to cover.
The buying pressure from India and China remains. Watch Shanghai silver prices. Always higher in the east because it's a less tainted market.
Too many paper silver contacts exist and are traded on Comex. For ever 250 paper silver contacts only one can be delivered. Nobody trusts paper silver. Silver now flows into China worldwide because the price is 15 percent higher.
https://www.bullionstar.com/blogs/bullionstar/infographic-paper-silver-vs-physical-silver/
https://www.scrapmonster.com/news/td-securities-chinese-silver-imports-to-record-robust-surge/1/91888 https://www.mining.com/wp-content/uploads/2024/05/412167804.jpg
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