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A year of silver production sold in one day

1 comment

8 months ago

One day last week, I think it was Wednesday, there were 955,000,000 ounces of silver futures sold in a five hour trading session.

This is called paper silver contracts. Not the reals stuff

This is the real stuff.

In reality, the entire production of silver in all the mines in the entire world is 855,000,000 ounces.

This was not a one day sale of silver contracts. It was a normal day of many days of the year though.

Something does not add up.

How is this possible?

A paper contract is not solid and it has no value.


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