Liberty and Finance, Released on 12/19/24

Ed Steer discusses the ongoing structural deficit in the silver market, noting that silver inventories, such as those held in ETFs like SLV, are being rapidly drained to fill the gap. This has led to massive outflows, with millions of ounces being withdrawn from stockpiles in just a short period, further exacerbating the supply shortage. As the deficit continues, Steer predicts that the day will come when silver stocks run out, causing a dramatic price surge. He also highlights how the price of silver and gold has been manipulated through concentrated short positions by major traders, keeping prices artificially low despite rising inflation and demand. Despite regulatory bodies like the CFTC being aware of these practices, the situation continues, leading to increased geopolitical tensions as nations, especially within BRICS, seek alternatives to the Western-dominated financial system.

0:00 Intro
1:56 Silver market update
6:39 Price management
11:30 Short positions
14:10 BRICS & US dollar
16:44 Structural deficit
20:03 Ed Steer online
21:27 Weekly specials

Ed Steer is the founder of Ed Steer’s Gold and Silver Digest and a director at GATA.org.

  Ed Steer, silver, silver shortage