You are here
Matthew Piepenburg: Making sense of the nonsense of 'Silver Friday'
By Matthew Piepenburg
Von Greyerz / Gold Switzerland, Zurich
Monday, February 2, 2026
On Friday, January 30, the world learned (or rediscovered) just how grotesquely rigged the paper gold and silver markets truly are.
Despite no change whatsoever in global supply and demand forces, silver went from a $120 near-high on Thursday to a $78 low on Friday, marking this as the largest single-day crash (35%) in the silver market in 44 years.
... Dispatch continues below ...
... ADVERTISEMENT ...
Guanajuato Silver Is Reactivating Silver and Gold Mines in Mexico
Guanajuato Silver is a precious metals producer reactivating past-producing silver and gold mines in central Mexico. The company produces silver and gold concentrates from the El Cubo Mines Complex, Valenciana Mines Complex, and the San Ignacio mine. All three mines are located within the state of Guanajuato, which has a 480-year mining history.
Additionally, the company produces silver, gold, lead, and zinc concentrates from the Topia mine in northwestern Durango state.
With four operating mines and three processing facilities, Guanajuato Silver is one of the fastest growing silver producers in Mexico.
For more information, please visit:
It goes without saying that such price moves don’t happen naturally.
Something far more engineered was in play, a trick that many investors may not immediately recognize but that anyone familiar with the nefarious insider mechanics of banking, the Chicago Mercantile Exchange, the Comex, and the London Bullion Market Association can see as plainly as a dentist sees a cavity.
So, what happened?
As usual, whenever something so openly rigged, insider, and market-distorting occurs, the first place to look for a smoking gun, guilty child, and a liar's grin is among the banks, most of whom are and were drowning in levered silver short positions by Thursday night’s $120 silver price. ...
... For the remainder of the report:
https://vongreyerz.gold/making-sense-of-silver-fridays-utterly-rigged-nonsense
* * *
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 $500 or more 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
