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Silver market participants can be downright passionate when it comes to the topic of silver price manipulation. What are the key events and theories? From the Hunt brothers to social media’s “silver squeeze,” silver price manipulation is a longstanding and much-discussed feature of the silver market. Silver price manipulation dates back to 1979 to 1980, when oil baron brothers William and Nelson Hunt reportedly bought upwards of 35 million ounces of silver worth at least US$1 billion. The Hunt brothers were buying both physical silver and silver futures, and were taking physical deliver...

* UK Royal Mint sees demand jump * India, China buying muted (Updates with comments from UK Royal Mint, SD Bullion; updates price reference) Feb 2 (Reuters) - A retail investment frenzy in silver over the past couple of days driven by social media has left dealers in some regions scrambling for bars and coins to meet demand. Silver prices fell on Tuesday as a buying spree by smaller investors seen mainly in silver mining shares and exchange-traded funds fizzled out following a margin hike on futures contracts by the Chicago Mercantile Exchange. The buying, inspired by a recent rush by retail ...

Precious Metals Outlook 2021: Renewable Energy Will Be a Key Driver February 1, 2021 Precious metals in general did very well in 2020, and I expect them to keep pace in 2021, supported by heightened efforts in the U.S. and elsewhere to transition from fossil fuels to renewable energy. Gold bullion gained more than 25%, its best year since 2010. The surge in money supply due to pandemic stimulus helped fuel the rally. The amount of M1 money moving around the U.S. economy skyrocketed 66% from last year. 2020 marked the fifth straight year of positive gains for the yellow metal. In the past 15...

4 Min Read LONDON (Reuters) - Silver prices have rocketed to their highest since 2013 as retail investors, egged on by messages on Reddit, pile into the market in an attempt to push up prices, although most analysts and traders say the rally will run out of steam. FILE PHOTO: Ingots of 99.99 percent pure silver are cast at the Krastsvetmet Krasnoyarsk non-ferrous metals plant in the Siberian city of Krasnoyarsk, Russia, June 5, 2015. REUTERS/Ilya Naymushin/File Photo Spot silver vaulted as high as $30.03 an ounce on Monday from $25 on Thursday morning, while shares of silver miners surged and...

Reddit is coming for silver. A short squeeze? Unlikely Around half a billion ounces of silver trade each day in the London OTC market, the world's biggest, of which two thirds are spot contracts, and around 1 billion ounces are produced and consumed each year with surplus supply for most of the last decade, consultants Metals Focus said. Reuters Reuters Silver prices have rocketed to their highest since 2013 as retail investors, egged on by messages on Reddit, pile into the market in an attempt to push up prices, although most analysts and traders ...