• Connect with us
    • Information
      • About Us
      • Contact Us
      • Careers
      • Partnerships
      • Advertise With Us
      • Authors
      • Browse Topics
      • Events
      • Disclaimer
      • Privacy Policy
    • Australia
      North America
      World
    Login

    Investing News NetworkYour trusted source for investing success

    • North America
      Australia
      World
    • My INN
    Videos
    Companies
    Press Releases
    Private Placements
    SUBSCRIBE
    • Reports & Guides
      • Market Outlook Reports
      • Investing Guides
    • Button
    Resource
    • Precious Metals
    • Battery Metals
    • Base Metals
    • Energy
    • Critical Metals
    Tech
    Life Science
    Precious Metals Market
    Precious Metals News
    Precious Metals Stocks
    • Precious Metals Market
    • Precious Metals News
    • Precious Metals Stocks
    silver investing

    VIDEO - Chris Marcus: Silver Manipulation Has Now Gone Viral

    Charlotte McLeod
    Feb. 03, 2021 10:00PM PST
    Precious Metals
    chris marcus silverplay icon

    “There are a lot of signs emerging that something is happening now,” said Chris Marcus of Arcadia Economics about the silver market.



    Chris Marcus: Silver Manipulation Has Now Gone Viralyoutu.be

    Silver remains in the limelight after reports last week that members of Reddit’s WallStreetBets forum wanted to squeeze the market like they have for GameStop (NYSE:GME).

    The WallStreetBets crowd has since distanced itself from the silver story, calling it a distraction from GameStop. But while the white metal’s price has declined, interest remains high.

    Putting the amount of buying seen over the last few days into perspective, Chris Marcus, founder of Arcadia Economics, said that the US Mint has been unable to meet physical demand.

    He also said that this past Friday (January 29), 34 million ounces were added to the iShares Silver Trust (ARCA:SLV), an exchange-traded fund that seeks to reflect the price of silver. That was followed by 20 million ounces on Monday (February 1) and 61 million ounces on Tuesday (February 3).

    Comparing those numbers to silver supply and demand statistics from the Silver Institute, Marcus said he doesn’t know anyone who believes it’s possible for that amount of metal to be added to SLV.

    “It hit me last night — the only way that we know if there’s anything in there is based on the word of JPMorgan (NYSE:JPM), who’s the custodian of SLV who just got fined a billion dollars for manipulating … the precious metals — and Treasury markets I might add — hundreds of thousands of times,” he said.

    Marcus believes something has broken or is breaking, and encouraged silver-focused investors to be cautious. He also urged those who have been considering a move into silver to think about acting now.

    “I really want to be careful of how I’m phrasing things today, because i don’t want to scare people. Having traded equity options throughout 2007 and 2008, and (having studied) gold and silver ever since then, there have been a lot of times where it felt like things were building — but there are a lot of signs emerging that something is happening now,” he said.

    “I say this as calmly as possible,” Marcus continued. “If there were any decisions for anyone who said before, ‘Let me know when it’s closer’ — I think if there are decisions people are going to make, I would suggest considering doing them now.”

    Watch the interview above for more from Marcus on what’s happening right now in the silver market.

    Don’t forget to follow us @INN_Resource for real-time updates!

    Securities Disclosure: I, Charlotte McLeod, hold no direct investment interest in any company mentioned in this article.

    Editorial Disclosure: The Investing News Network does not guarantee the accuracy or thoroughness of the information reported in the interviews it conducts. The opinions expressed in these interviews do not reflect the opinions of the Investing News Network and do not constitute investment advice. All readers are encouraged to perform their own due diligence.

    From Your Site Articles
    • What Was the Highest Price for Silver? | Silver Investing | INN ›
    ishares silver trustsilver manipulationchris marcuswallstreetbetssilver investingsilver forecastarca:slvpslvsilver etfssilver squeezegold manipulationsilver pricenyse:jpmsilver marketsilver outlookarcadia economicsnyse:gmegold price
    The Conversation (0)

    Latest News

    Pinnacle Increases Non-Brokered Private Placement

    Metals & Mining Virtual Investor Conference: Presentations Now Available for Online Viewing

    Metals & Mining Virtual Investor Conference: Presentations Now Available for Online Viewing

    Quarterly Activities/Appendix 5B Cash Flow Report

    Music Well Heritage Protection Agreement Signed

    More News

    Outlook Reports

    Resource
    • Precious Metals
      • Gold
      • Silver
    • Battery Metals
      • Lithium
      • Cobalt
      • Graphite
    • Energy
      • Uranium
      • Oil and Gas
    • Base Metals
      • Copper
      • Nickel
      • Zinc
    • Critical Metals
      • Rare Earths
    • Industrial Metals
    • Agriculture
    Tech
      • Artificial Intelligence
      • Cybersecurity
      • Gaming
      • Cleantech
      • Emerging Tech
    Life Science
      • Biotech
      • Cannabis
      • Psychedelics
      • Pharmaceuticals

    Featured Precious Metals Stocks

    Silver47 Exploration

     
    AGA:CC

    Apollo Silver

     
    APGO:CA

    Anteros Metals

     
    ANT:CC

    Silver Crown Royalties

     
    SCRI:CC

    Boab Metals Limited

     
    BML:AU

    Prismo Metals

     
    PRIZ:CNX
    More featured stocks

    Browse Companies

    Resource
    • Precious Metals
    • Battery Metals
    • Energy
    • Base Metals
    • Critical Metals
    Tech
    Life Science
    MARKETS
    COMMODITIES
    CURRENCIES
    ×