The Next Silver Price Short Squeeze

August 16, 2023

by Craig Hemke Sprott Money

In this blog, we delve into the concept of short squeezes and their potential impact on the price of silver.

By now, most everyone understands that the bullion bank trading desks freely manage and manipulate COMEX precious metal prices. But they don’t just move price to the downside. The banks will also manipulate prices higher if there is profit to be made. They did so on four occasions in late 2022 and they appear to be setting the table for another spec short squeeze in the near future.

Understanding Silver Price Manipulation and Short Squeezes

Let’s start with the current situation. As the value of the U.S. Dollar Index fell sharply in July, speculator and hedge fund cash rushed into COMEX silver.