You are here
Jesse Colombo: Bullion banks dump 20,000 futures but can't stop silver at $50
Silver Maintains Breakout Despite Turbulence
By Jesse Colombo
The Bubble Bubble Report
Thebubblebubble.substack.com
Tuesday, October 14, 2025
I just wanted to give a quick update on where silver stands after some turbulence in the wee hours of the morning, from the perspective of New York time.
As I showed yesterday evening, silver finally closed above the critical $50 resistance level that stopped the 1980 and 2011 bull markets dead in their tracks. In doing so, it broke to an all-time high, which I said was a signal that the bull market is about to enter a new stage and heat up even further.
... Dispatch continues below ...
... ADVERTISEMENT ...
Blue Lagoon Highlights Optimal Market Timing
As Underground Mining Advances At Dome Mountain
Company Announcement
Thursday, October 9, 2025
VANCOUVER, British Columbia, Canada -- Blue Lagoon Resources Inc. (CSE: BLLG; OTCQB: BLAGF; FSE: 7BL) announces that underground mining has entered its second week at the company's fully permitted Dome Mountain Gold Project near Smithers, British Columbia, amid the strongest gold price environment ever.
Last week's start of underground operations marked the beginning of Blue Lagoon's transition from development to production -- a milestone occurring at an opportune time as gold prices reach fresh record highs and worldwide investor interest in precious metals accelerates.
"Timing in the mining business is everything," says Blue Lagoon President and CEO Rana Vig. "With underground mining now underway and gold prices at record levels, Blue Lagoon is well positioned to capitalize on this strong market environment. Our strategy has always been to move Dome Mountain into production efficiently and responsibly, and today those efforts are aligning with market conditions." ...
... For the remainder of the announcement:
https://bluelagoonresources.
---
Blue Lagoon Resources will be represented in New York on October 20 and 21 and will be scheduling private appointments. For more information, contact President and CEO Rana Vig at rana@ranavig.com.
In reality, however, nothing is ever that simple.
Frustratingly, there was an intentional slam of silver by the bullion banks below that $50 level in an attempt to thwart its breakout. Thankfully, silver managed to still remain above the critical $50 level.
There is a fierce battle taking place at that level, so I want to show you that and go into more detail about it in this update. ...
Silver ended Monday on a strong note, with Comex silver futures finally breaking above the critical $50 level and reaching as high as approximately $52.50. But then a sudden and aggressive price slam occurred starting at roughly 1:20 a.m. New York time. This occurred well outside of regular trading hours, when most traders were asleep and liquidity was very thin.
At that moment at least 20,000 silver futures contracts (aka "paper silver") were dumped onto the market. This triggered a sharp selloff that drove the price below the key $50 level, with silver sinking as low as $48.75 within just one hour. That volume of contracts represents 100 million troy ounces of silver, or nearly 12% of global annual production.
In my view this was a deliberate price suppression effort orchestrated by major bullion banks such as JP Morgan and UBS. ...
... For the remainder of the analysis:
https://thebubblebubble.substack.com/p/silver-maintains-breakout-despite
* * *
Join GATA here:
New Orleans Investment Conference
Hilton New Orleans Riverside Hotel
Sunday-Wednesday, November 2-5, 2025
https://neworleansconference.com/gata/
* * *
Support GATA by purchasing
Stuart Englert's "Rigged"
"Rigged" is a concise explanation of government's currency market rigging policy and extensively credits GATA's work exposing it. Ten percent of sales proceeds are contributed to GATA. Buy a copy for $14.99 through Amazon:
* * *
Help keep GATA going:
GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at:
To contribute to GATA, please visit:
Donations of $250 will entitle the donor to a 1-ounce silver round commemorating GATA's work:
https://www.gata.org/sites/default/files/GATA-silver-round-front.png