Silver Is Collapsing On Massive Volume

Tyler Durden's picture

At exactly 1130ET (as Europe closed), someone decided to unload over $2 billion notional of silver into the futures pits...

Over 23,000 Silver futures contracts suddenly puked into the market as soon as Europe closed...


Silve rhad managed to get back most of the losses post-election but once the selling broke 18.155 (200DMA) it accelerated...this is the biggest drop since The Fed hiked rates in December.


Gold is also getting hit but far less aggressively...


Yes, the dollar index is higher but not moving aggressively.

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silverer's picture

I love these guys that create the bargains in physical silver. It's like getting an 85% rebate on a new car.

Belrev's picture

Democrat senator Clair McKaskill accused Donald Trump of difficulty with the facts,

but herself just lied about NOT ever meeting Russian ambassador.

Proof she did -

LowerSlowerDelaware_LSD's picture
LowerSlowerDelaware_LSD (not verified) Belrev Mar 2, 2017 12:50 PM

The HUGE Monkey Hammer was pulled out today...

Why I finally gave up on PMs (price driven by paper) for now. Of course that is probably the best buy signal.

Master_Blaster's picture

To maximize profit it's always advisable to sell all at once at lowest price possible...

AR15AU's picture

this is liberalisms last stand... the film actors guild met just after the oscars... they have their remaining central banks such as the SNB and PBOC and a few hedge funds as their 747s and they are presently flying them in to the twin towers of the COMEX and the SLV.


liberalism is vaporizing itself as we speak. they won't get silver below $13.85. what they will do is vaporize any ability for them to ever move the price again... because you can't add a billion ounces of paper to the market in a week. even if you are a suicidal lunatic.

BaBaBouy's picture

FIGURES... You Sell Fucking MASSIVE Position at time when you get the shittiest price... SAME FUCKING SHIT over and over...

TeamDepends's picture

Death to the moneychangers! (It is coming this year, brothers and sisters)

Logan 5's picture
Logan 5 (not verified) TeamDepends Mar 2, 2017 1:35 PM

The March of (silver) DIMES

Paper Boy's picture
Paper Boy (not verified) Logan 5 Mar 2, 2017 1:56 PM

Some of us are old enough to remember when parents and grandparents would give kids a single silver dime or quarter to go to the grocery store and buy bags of candy with.

Thankfully, in the digital world we no longer have to deal with that shit.

Zero Point's picture

Do shock and awe tactics reek of desperation to anyone?

NugginFuts's picture

It's only "desperate" if you don't have billions of cash with which you can pull this kind of stunt, not to mention the billions probably made in the process.

Hell, what if they also shorted it before selling it? BOOM! Double victory!

Desperation my ass. I'm out of this market. 

The Saint's picture
The Saint (not verified) NugginFuts Mar 2, 2017 4:47 PM

But I thought silver was in high demand to make photo-graphy plates. No?

Oh, wait.....


Gold baby.  Gold is much purrdier to look at.

adanata's picture


Physical silver IS in high demand; this is a paper chase. Silver is more rare than gold, far more bang for the buck and less dangerous to hold than gold. Homeland security hooked up with every gold/silver trader in the country and I am very certain, they'll come for the gold.

Stuck on Zero's picture

I think the big financial houses are beginning a transition phase. They have chosen a sacrificial player and this player will pile on tens of billions of naked shorts in the PMs.  The other houses will purchase all the physical metals they can get their hands on and likewise short the stock of the sacrificial house. At some point the naked shorts will topple the sacrificial lamb and everyone else will clean up big time. Of course, the government will step and make everything right with taxpayers money.  It's 2008 all over again.

Curiously_Crazy's picture

Haha thanks for the laugh!

It seems there are at least 11 people taking everything way to literally.

Lighten up fellas.

GunnerySgtHartman's picture

Silver dimes, silver Eagles, silver bars, junk silver, it's all good. :-)

actionjacksonbrownie's picture

This year? Care to wager 1 silver round on that prediction?

actionjacksonbrownie's picture

and where is Kaiser Sousa??? I hope he didn't blow a gasket in one of his fits of rage - I really like that guy!

glenlloyd's picture

Seems to me there are rules about creating chaos in the markets. I would think CFTC would want to investigate all of these types of incidents.

What moron dumps that many contracts at once unless they really don't have what they're selling and the goal is to acquire what they've pledged to someone on the cheap...that their fake dumping created.

asshats, where are the frickin regulators when this crap goes down...prolly watching porn!!

auricle's picture

Trumps chance to show us he gives a shit about stopping wall street corruption. TRUMP, THIS IS WHAT I HIRED YOU TO STOP! Please get on it. 

Fred C Dobbs's picture

My thoughts exactly.  If Trump doesn't address the precious metals futures market he is just another god damned lying phony politician. 

Paper Boy's picture
Paper Boy (not verified) AR15AU Mar 2, 2017 1:08 PM

Silver collapsing. Bitcoin users unaffected.


Keep pushing papers, boy. 

A sixty cents an ounce move in silver, and a $700.00 slide in Bitcoin are not one and the same.  

Try getting anyone to believe you are giving them something of value when you wave your phone at them.

Coming some day soon to a neighborhood near you.  

Paper Boy's picture
Paper Boy (not verified) SILVERGEDDON Mar 2, 2017 1:28 PM

They know they are getting massive value every time they swipe a Bitcoin QR Code.

Mr. Universe's picture

I hate to say it but the average man on the street would rather have a candy bar than a bar of silver. I'm pretty sure they would take "digital" money transfered to their phones over physical as well. They propaganda hit on PM's has been continuous to the point where it's become an Idiocracy type moment, where folks would rather drink Brawndo (fiat) than water (PM's). "You mean like from the toilet? hahaha"

Whalley World's picture

Pretty sure man on the street in the USA, come to Vancouver and offer up gold or silver for a piece of gum or candy bar and you would be out of a lot of phyz fast

StopBeingstupid's picture

You mean like expedia, , Dish etc etc  and you can even trade bitcoins to buy goods on Amazon at 10 to 20 % off .Last time I checked i can't use silver anywhere online but more and more places taking Btc. Remember when visa only used to be accepted at limited places ? I like silver and gold also but think many people are missing out on bitcoin because they don't understand it.

Bigern's picture

Many people don't like money they don't have in their fist. This whole web based zeitgeist is one day away from going on the blink. Every new day it gets is a surprise. We haven't seen a major war in a few turns. The next one will unleash every weapon imaginable against electronic targets. Satellites, web hubs, power stations, transformer farms, undersea cables, and after that anything still blinking or shining. It would seem very unlikely that Bitcoin funds will be accessible or recoverable after major upheaval or electronic midnight events. Depositors/creditors will be ruined, while debtors/cash players will still have a hand to salvage.

toknormal's picture

Precious metal markets are broken.

Gold (and silver) were the "physical bitcoin" of their day, but since the bulk of trading migrated to electronic platforms they are no longer able to perform the monetary function that originally formed the basis of their so called "intrinsic value”. That being that they facilitated the exchange of BOTH ownership AND possession in the same trade. (A quality that is attributable to a 'bearer instrument').

Gold and silver have a slight problem with travelling through wires and this has lead to their markets being split into 2 distinct asset classes:

• One which facilitates the exchange of ownership and is unlimited in supply
• One which facilitates the exchange of possession and which is illiquid

The fact that these two asset classes are no longer reconcilable means that gold and silver are effectively dead as a store of value. They are ok for sovereigns who hold massive amounts and benefit from tiny percentage gains in market value but they are never again going to adequately reflect the efficiency of the fiat money credit markets the way they once did.

Bitcoin is the first asset class ever capable of performing the same monetary function of precious metals on an electronic platform (i.e. the ability to act as as a bearer instrument by facilitating the exchange of both ownership and possession in the same trade). If ever there was a time for gold and silver to perform it was during the last 5 years when we saw a 5-fold increase in the fiat monetary base. Far from expressing this phenomenon in their value, they were about as effective as grasshopper chirp in a sandstorm.

If you really think a hunk of useless metal is going to save you when the worldwide debt bubble bursts, I suggest you invest in some tins of tuna. At least they'll keep your belly full for a while.

In the meantime, do yourself a favour and invest in some bitcoin.

AllThatGlitters's picture

Looks like a pullback after a long rally that broke a trend.


Live Silver:

jeff montanye's picture

it is the buy signal for the only commodity not to have broken its 1980 high.

take a look at the cup formed from 1980 to 2011 and imagine the magnitude.

Mr Pink's picture

Enough with the fucking bargain bullshit...if you haven't accumulated enough silver by now then too fucking bad

It took weeks for silver to climb up to $18.40 and minutes for those gains to be wiped out

I'm sick of this clown show

bombdog's picture

Me too, but fuck it I'm back on the buy, these fuckers can suck my big silver cock. And if they smack it down tomorrow I'll buy some more.

ejmoosa's picture

By my calculatios using valuations over the last ten years baed on earnings and P/E the Dow is overvalued by more than 50%.


There's not way I am going to participate in that.  So for the time being its' Precious Metals and their miners.  

It's a bitch always going against the tide.  But that's ok with me.


kliguy38's picture

been betting against these fucks for 10 years.......winning........but losing today.... in the long run we're all dead but I'll stick with the PMs and let the bitcoin suckers pretend they have value.........

actionjacksonbrownie's picture

Perfectly normal market action.. but only in the PM markets. Any other market would be investigated and some schlepwave trader in his mom's spare room would be heading to jail pronto!

Now... back to the SNAP ipo,,,

AllThatGlitters's picture

Dude you need to look at a longer term chart.  Daily and weekly charts show this as barely a blip.

Nice pullback / buying opportunity.

Just change this Live Chart to something a bit longer:  

Live Silver:

AllThatGlitters's picture

Actually, if looking at the weekly, we erased only 2 Weeks of gains.  

There are 7 Weeks of gains before that still intact.

AR15AU's picture

but if they dumped over 100 million ounces into the market to do that... then they literally need to come up with 10% of worldwide mine supply per day just to keep their short position from blowing up.

Volkodav's picture

you wild exagerate...

how was climb gains wiped?

price weeks ago was much lower in real

was 15's

this day is small bite of gains

Raffie's picture

So when do they run out of paper PM ?

Web bot video..

actionjacksonbrownie's picture

They run out when the masses reject fiat currency. In other words, not for a very very long time.

Raffie's picture

Thought there was word somewhere physical PM are in very short supply which will mean the the physical will wage the dog and not the paper.

actionjacksonbrownie's picture

That story has been around for thousands of years. Gold doesn't "disappear", and the physical supply is ever increasing actually. There is only a shortage when the people that hold the Gold refuse to sell at the offered price. When the PM dealers and mines refuse to sell their product at Comex prices, then you will see a "shortage", but not before.

BandGap's picture

Buy it here, sell it there. Why should China have all the fun?

mailrouter's picture

Really? You consider Silver undervalued by that much. So if we are 85% discounted it should be worth $120 right now?

jeff montanye's picture

well close but not quite.  gold was 800 in '80 and is 1232. or 50% higher than the old record.  silver was 50 in '80, is 18 or so now, instead of the 75 that gold would indicate so more like a 76% discount (75 x .24 = 18)