ProShares UltraShort Silver (ZSL)

Candle BULLISH https://www.stockscores.com/charts/charts/?ticker=zsl

I know the trend is your friend but, in this case, I think we start to move up. https://stockcharts.com/sc3/ui/?s=ZSL

Chinese metals trader Xu Maohua, nicknamed "The Hat," has fled the country, leaving behind at least 1 billion yuan ($144 million) in losses for partners after a suspected failed, highly leveraged silver market bet. This incident, involving state-backed firms, prompted Chinese regulators to order a review of commodities trading operations, specifically targeting "circular trading" and unsustainable, high-premium, speculative silver funds

CME Group said it would raise margin requirements on gold and silver futures starting Monday, lifting collateral demands by as much as 50% for some silver contracts. Higher margins tend to force leveraged traders to either add capital or exit positions, often amplifying short-term price swings.

Full article: https://www.yahoo.com/finance/news/silvers-35-plunge-ends-beating-074708185.html

“Whereas for silver, there’s a strong inclination to stand on the sidelines.”

Full article: https://finance.yahoo.com/news/chinese-speculators-set-stage-gold-120029836.html

Thanks for posting the link.

https://m.economictimes.com/markets/commodities/news/cme-raises-gold-silver-margins-after-prices-plunge-to-historical-lows/articleshow/127816113.cms

💎 Citi silver $150/oz, BofA $135–$309/oz. JPMorgan gold $10,000/oz. Safe-haven rally builds momentum.

$ZSL

Fed votes 10-2 in favor of holding rates unchanged, warns uncertainty ‘remains elevated’ and sees ‘risks to both sides of its dual mandate’
$ZSL

follow VXSLV vs GVZ 

Looks to me to be a good place to park some cash. Gubment is NOT going to let folks break confidence in the dollar. Precious metals going down much further, just like Buttcoin.

https://www.zerohedge.com/the-market-ear/silvergeddon-unleashed

Kolanovic's view is clear: silver behaves less like a store of value and more like a leveraged macro instrument. A 50% drop would simply represent a return to normal after an abnormal spike.

No true price discovery....just paper 
https://beincrypto.com/hyperliquid-silver-perpetuals-volume-hype/

My only thought is if gold dosent sell off silver won't either 

https://www.zerohedge.com/precious-metals/hallmarks-blowoff-top-goldman-delta-one-desk-head-fears-squeeze-ending-silver

$1.75 Call spread out to May...

Hahahaha so true 

nice yep that's the way to play it, hedge it, like you said bound to be correction. When my barber says he bought silver then i know it's the top lmao.

What's up kool , yeah I bought as a hedge for my physical stash 

not calls here but did by some position here this morning but sold for even loool, just insane rally that won't stop but will bound to get a correction.

Anyone buying calls here for August in case of a massive correction? 

Silver spot $87.86

https://www.zerohedge.com/the-market-ear/silver-has-entered-danger-zone-volume-explosion

Get ready for some profits......

ZSL going to between 42 and 44.

$ZSL going to $.0001 or zero

Good call on the reverse split!! I give credit when due!!

i think we should be. with our newly elected president it will be hard for silver to sustain these levels.

Anyone else buying ZSL ?


I got a little yesterday....or is it silver to mid 30s and beyond ?

3 years? We'll see a reverse split in a year spike and then decend over a decent period of time again

Thanks Red. That is just what I was thinking. Means May will be a so,so month. June, will be another repeat of April. I'm sticking with my price target and still feel it could be a bit lower come June. 100 million of real silver,

No bank is safe, implosion coming: 'Every single bank is insolvent' — Lynette Zang https://kitco.com/news/article/2024-04-08/no-bank-safe-implosion-coming-every-single-bank-insolvent-lynette-zang $ZSL

I am glad that you guys are now watching and paying attention. I have been watching these for nearly 10 years. You guys are surprised that they are moving contracts forward, but they do this every other month like clockwork. I am sure they leave the actual physical deliveries for last.

We'll see how this plays out for the rest of the month. Maybe this is the time that they let the SLV price rise a little. Maybe the new range will be 25-30. I do not know. But one thing I am certain of, they are in control of the price and will not let it get out of control.

Wherever they want the price, that is where it will be.

They have not been using much in terms of contracts to smash the price lower:

https://www.cmegroup.com/markets/metals/precious/silver.volume.html

The last real volume was on the 12th and it has been going down since. And the open interest line is falling.

Perhaps this down move won't be as large as usual. All we can do is watch and try to figure out what the channel will be. They may still smash it down. But as you say, there are not many contracts left to fill for May. 750x5000=3,750,000 ounces at 26.50 = 99,375,000 dollars worth of silver. So we are still at 100 million dollars worth of silver that needs to be delivered for May.

Pack10,




Down to 750 contracts for May, sure worked them down.....don't think a lot were delivered.

They seem to move these contracts around. Pushing them back then bringing them forward. Or, do they just put in contracts to push the price down.


whatever the situation I think the price of silver will continue to slide down to meet the price. Seems 24.50 would be about right. Your thoughts?
Wouldn't think much higher but could be lower for sure.

Pack10,



They got it just under 2700 contracts left, they did deliver a little more than 2500 yesterday. Let's see how they do for the month.


https://www.cmegroup.com/markets/metals/precious/silver.volume.html

My opinion, silver needs to drop about $2 more. Demand hasn't been near as strong since the Ev reality has set in.

we could be 3 years out for real demand to pressure supply.

Pack10,


One more big drop like yesterday and what will the contracts mean ?

Does mean there wasn't really any serious demand for silver to be delivered ?

I seem to recall a movie where they were sayings; IT"S COMPLICATED!!
From what I gathered you suggest the CME might just produce paper without having the actual silver. That would seem to go against the rules.
These silver manipulators have moved, smashed if you will, the contracts before their due date. So the question to me seems what will May bring us in the form
of these contracts. The price should go down I would think.

later

Alwayred,



They knocked it down some more it's a little over 11,000 now. Maybe they will have that down to near nothing before May.

https://www.cmegroup.com/markets/metals/precious/silver.volume.html

A few things here.

1) They have the entire month of May to fill the May contracts. I believe they are due when the contract was created in May of last year.
2) I believe that a lot of the contracts you see moving forward are fictitious. I don't think that they were ever created to really be delivered. I think it is simply a paper/digit game they play. Kicking the can down the road.
3) I believe that a lot of the contracts moving forward are contracts that were created, but the companies do not need delivery because the economy sucks. The demand for silver is low.

So I think the remaining contracts after all the moving, are actual PHYSICAL contracts. They leave those for LAST!

So let's look at the numbers where we stand now.

19,976 contracts left for May as of now. 124,766 moved to July now.

So 19,976 contracts x 5000 ounces per contract = 99,880,000 ounces of physical silver.

99,880,000 ounces X 27 dollars = 2,696,760,000. So 2.5 BILLION dollars worth of silver at 27 bucks.

Again if the contract was created at 23 1 year ago (And I'm not sure what the settle prices were from 1 year ago) that is a 4 dollar difference.

99,880,000 ounces x 4 dollar difference = $399,520,000

So if the contracts were settled at 23 and they have to buy at 27 to fill physical contracts they have a 400 million dollar loss.

So I believe that throughout the month of May the price of silver will go down until all those contracts clear out.

The actual physical contracts that need to be delivered are left for last.

Sure dropping the numbers down....




https://www.cmegroup.com/markets/metals/precious/silver.volume.html


How does one read this ? Are they just moving contracts out because demand isnt that strong ? And at this rate will there be much when May comes around in a few days ?

Oh man what happen? Lost 33% still will be single soon

Isn't that just the way it is. Sure it's different, but that doesn't mean we're going the see the huge changes like they think. The biggest banks in the world
hold physical and manipulate these contracts. I don't see them willing to loss BILLIONS!!!!! Which is why we've seen the huge smash yesterday!!

Bix Weir is the closest, but he sold out. He sells metal. He knows the game. He just won't admit it. Because he has interests in profits.

You can't trust metal salesmen. If there is a gold ad, or the interviewer directs you to a metal salesman they are controlled one way or another. You have to understand the system and think critically. When profits are involved it becomes complicated. Even the good guys want their profits.

Bix Weir understands how they are using the SLV futures market to control the price of silver. That is the most important thing to learn. NONE of the other metal salesmen talk about that even. That is why I started posting on the SLV board. Because that is the tool they use to control the price of silver. SLV is simply digits. The more SLV there is dumped into the market the lower the price of silver goes. The market does not know the difference. SLV, silver, same thing. The market can't tell the difference. But they have unlimited amounts of SLV they can create. And that is how they control the market. SLV is the answer. And SLV future contracts. Contracts are legally binding.

You don't find many people talking about this because you can't sell metal if people understood how it was controlled. Why stack physical if the price of physical is controlled by digits? You can't teach that or you won't sell metal.

The metal salesman's goal is to sell metal. By any means necessary. And calling the dollar fiat is one of the ways they sell metal. People do NOT understand what the dollar is. But they believe that it is fiat because metal salesmen tell them so. The dollar is 100% backed by treasuries, oil and collateralization.

For those reasons you do not hear about it. One, they can't sell metal if the truth is know. And second, ignorance.

Alwaysred,




Are there any YT poster who agree with your view ? If so, who are they, so I can watch them. TIA

$ 30 within reach ?

This guy thinks it's different time..


But he been saying for a while...