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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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