Physical vs paper

Today, at one moment the price of Silver in the United Arab Emirates reached a whopping 95 US dollars. At least, physical silver did.

In the mean time paper silver was only worth 69 USD. That is an immense difference between physical and paper silver, which means the price of silver on the markets is hugely manipulated.

Banks going bankrupt?

This also means that banks are in a very dangerous position as they are all leveraged in paper silver, but in reality would need to pay a lot higher price for real silver than what they are currently paying at the market.

An explosive situation that could indeed make banks go under in a very short time, especially if physical silver keeps climbing!

Interesting times!

Sincerely,

Pele23

Posted Using INLEO