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Ted Butler: Silver is a sure thing
By Ted Butler
SilverSeek.com
Tuesday, September 5, 2023
I have contended for nearly 40 years that silver has been manipulated and suppressed in price by means of excessive short selling on the Comex, mostly by commercial traders which happen to be mostly banks. As a result of this decades-long price suppression, the law of supply and demand has become artificially distorted. The low price has reduced supply and current production and increased demand (both industrial and investment) to the point where a wholesale physical shortage has emerged.
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Since a physical shortage is the most bullish circumstance possible in any commodity, it stands to reason one should expect silver prices to climb sharply to address the deepening silver shortage - thus, the high degree of bullishness I have expressed.
But it is not enough to be extremely bullish. Proper appreciation must be given to the past 40 years of price suppression. To see where the price of silver is headed, one must understand the mechanics of the Comex price suppression.
The reason why I'm so bullish on silver at this time is because I think the big commercials won't add to short positions aggressively on the next silver rally. That they won't add aggressively to shorts someday is a certainty and what makes it a certainty is the deepening physical supply/demand shortage. That's why I'm so bullish that I am jumping out of my skin.
We are getting close to the point where futures contract positioning on the Comex, which has been the sole determinant for the price suppression in silver for 40 years, is about to run its course as the main price influence. ...
... For the remainder of the analysis:
https://silverseek.com/article/silver-sure-thing
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