Some call it normal volatility.
I call it paperpanic (PP)
PP is rising.
PP creates volume equivalent to ANNUAL silver supply.
Silver fundamentals are getting better each shortattack.
This is the most incredible thing I believe ever happened in the history of commodity markets in Asia. ⚠️👇
1,396,553 contracts traded at the SHFE this morning on the Apr26 silver futures ALONE, equivalent to 674,328,157.94 oz of physical silver.
In the whole morning overal contracts traded equivalent to 1,343,900,000 oz of physical silver or almost double the ANNUAL silver mined.
This is NOT retail; this was a brutal short-selling attack to crash the Chinese silver market intentionally. But guess what? Prices remain at a big premium vs Comex/LBMA, and silver nevertheless remained in backwardation, again, signalling these paper games aren't changing the fundamentals whatsoever