How can anyone deny that the price of silver is being manipulated

When every week or so a [i]single order[/i] like this (July 6 at 19:00) will smash the price? This drop was roughly 10% and was so steep that it was declared to be a glitch and trading was frozen for a bit, but I think that's just not true. Glitches like this don't just happen in systems like this that deal with many billions of dollars and are supposed to have so many fail-safes that they're impossible to break.

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MasterLee · 56-60, M

Silver has plummetted. It was at 46. Now 15ish. My position was 32. Taken a bath.

Invisible · 26-30, M

@MasterLee: Well don't exit now. The people who say that silver is just an industrial metal these days are retarded and the manipulation will end eventually.

MasterLee · 56-60, M

I have some at 26. Never be able to offload.

MasterLee · 56-60, M

Maybe

Picklebobble2 · 56-60, M

False indicator ??
Info said and taken as fact before truth emerging ?

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Picklebobble2 · 56-60, M

I imagine commodity markets are pretty busy these days.
What with so much uncertainty in the world of share prices and currencies.

Invisible · 26-30, M

Not really, actually. Assets are all very low in value, but real estate and stocks are giving huge returns, so people are generally more interested in them than things that seem to be going nowhere, even though they're in a big fat bubble

Picklebobble2 · 56-60, M

@Invisible: That doesn't sound good. Without the creation of jobs and a rise in incomes there's only one way that will go.

SW-User

that's why trading algorithms are such a bad idea

Invisible · 26-30, M

@crossproduct: What is?

SW-User

@Invisible: High-speed automated trading algorithms interact with one another in unpredictable ways and fuck up the markets like this on a regular basis because there's no human in the loop and it happens before anyone has a chance to stop it.

Invisible · 26-30, M

@crossproduct: That's not what happened here. The dip was caused by one big order, as much as they want to pass it off as a glitch. Nobody wants to admit that as long as the volume is kept low that banks have full control over prices

Dan193 · 31-35, M

what..? the fuck

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MartinTheFirst · 22-25, M

i dont understand this stuff 🤷

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