DiscussWorldIssues - Socio-Economic Religion and Political Uncensored Debate - View Single Post - london reporting massive silver squeeze in progress

**DoctorNelsonOnten** · 09-07-2012, 02:48 PM

When the price of silver topped $30 about 10 days ago, demand on this exchange surged. The best information I have is that at least two purchases were made then, each in the range of 5-10 million ounces of silver. The sellers simply did not have that much physical silver immediately available to fulfill these contracts. However, the LBMA insisted that delivery of physical silver must be made on the exchange rather than by possible chicanery that could happen if the contracts were settled outside of the exchange.

09-07-2012, 02:48 PM	#2
DoctorNelsonOnten Join Date Oct 2005 Posts 392 Senior Member	When the price of silver topped $30 about 10 days ago, demand on this exchange surged. The best information I have is that at least two purchases were made then, each in the range of 5-10 million ounces of silver. The sellers simply did not have that much physical silver immediately available to fulfill these contracts. However, the LBMA insisted that delivery of physical silver must be made on the exchange rather than by possible chicanery that could happen if the contracts were settled outside of the exchange.
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