Rumours, Silver didn’t crash — leveraged paper longs did. Physical silver prices stayed elevated, confirmed by the Shanghai premium. #CZAMAonBinanceSquare
ChainWatcher
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BREAKING: Silver has crashed 32% in the biggest intraday decline since 1980.
But silver is now trading $38 higher in Shanghai than in US and Western markets.
- Shanghai spot: $122 - US spot: $85
That’s a 44% premium for the same metal.
This is classic “paper” manipulation with COMEX flooded with futures contracts and shorts where paper claims outnumber real metal by 500:1 #CZAMAonBinanceSquare
BREAKING: Silver has crashed 32% in the biggest intraday decline since 1980.
But silver is now trading $38 higher in Shanghai than in US and Western markets.
- Shanghai spot: $122 - US spot: $85
That’s a 44% premium for the same metal.
This is classic “paper” manipulation with COMEX flooded with futures contracts and shorts where paper claims outnumber real metal by 500:1 #CZAMAonBinanceSquare
Selling pressure has gained traction as the recent rallies were met with significant pushback. Orders are accumulating at key resistance levels, leading to a clear rejection of higher prices. Acceptance below the established range suggests further downside potential as momentum shifts.
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Sellers have dominated the recent sessions, with consistent pressure pushing prices lower. The lack of acceptance from buyers suggests continued weakness, as orders stack above key levels, hindering any potential bounce. Momentum leans toward further downside as the structure remains bearish.
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