Key Questions
Why is silver price dropping alongside gold?
Silver in the $69-71 range is retesting the 100DMA and gold-silver ratio (GSR) of 9-10:1 as gold hits lows. This sync is driven by CFTC/COMEX inversion claims and a 67 million oz deficit.
What is the reported silver deficit?
The silver market faces a 67 million oz deficit, contributing to pressure on prices. This is highlighted amid COMEX running out faster than admitted, as per related analyses.
What COMEX issues are affecting silver?
COMEX shows inversion and 14:1 claims, with stocks running out faster than reported. Videos discuss futures curve warnings and major updates from COMEX and LBMA impacting silver holders.
What are the potential upside targets for silver?
Shanghai forecasts eye $89-$150 for silver if gold bases at $4600. This is based on April 6-10 technical analysis and weekly forecasts.
How does the paper market factor into silver's movement?
The paper market is losing control, with the East gaining influence, as seen in recent 5% silver surges. Analyses compare assets like PSLV vs miners for liquidity traps.
Silver $72.39 ▼0.63% (71.67-73.51) tests 100DMA/GSR 9-10:1 amid COMEX geo vol, from prior $73 near/$72 dips; 86% drain/204M oz/67M deficit/CFTC inversion/Shanghai squeeze $89-150 potential if gold $4600+ base.