Sprott Money Blog | Sprott's Insights into the Gold, Silver and Platinum Markets.
Going into the Halloween weekend, silver investors felt like they had a fist shoved in their stomachs, silver took a massive hit and fell towards the $15.00 mark. A far cry from the once hailed $50.00 level.
Since then, silver has rallied slightly, retaking the $16.00 level. The fact that it has not rocketed higher, has baffled many investors, as the additional QE announcement from Japan is being credited as the reason for the sudden collapse in silver prices. Obviously, this news should of sent prices higher. Unless something more nefarious is at work, keeping prices artificially lower.
This has to be the case, or the market has gone completely insane. One precious metals expert who agrees with this assessment is Ted Butler. Well known for his silver analysis and for exposing the manipulation in the silver market. In a recent interview with Peak Prosperity, Ted Butler had the following to say:
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