There is a "big fish" who, by a sleight of hand between futures and ETFs, who could be now in possession of 100 Moz of "physical" silver without making the silver price soaring.

Since 2011, it had been verified, month after month, that the bullion bank’s trading software for silver is based on the Fibonacci’s fan. Each time that one of this fan coming from the 2011’s high is broken by the price going upwards, silver cannot mount durably if there is not a pull-back on it, to check that this ex-resistance became a support.

Precious metals are set to rise much higher, but after the sharp rise in recent months, a correction is needed and probably imminent.

This third leg up should bring a virtually continuous rise to about $ 19.5 in October. After a quick consolidation to $ 17, silver will resume its rise to its first goal, which is $ 21.

Silver had risen to $ 50 in 1980 and I am expecting an identical increase towards $ 500 in the next years, in particular because of the RESET related to the Monetary Reform.

Having found a solid base, silver will be able to develop the third leg of its bullish rally.

China, having itself announced its desire to see Keynes' BANCOR set up, knows that the solution to resolve the huge imbalance in Sino-American trade is to revalue the yuan and devalue the US dollar.

The bullish move in precious metals that just started, should gather steam from February to May, as the stock markets should go deeper.

I expect that the bottom of silver will be reached in the last days of November and that the rule 589 should be applied in the first trading days of December, for a vertiginous rise, as no one dares to evoke it to aloud.

If you look at the bullish rally that followed the severe decline in price in 2008, there is a fan (dotted line) on which there has been no pullback in 2008. I think we’re going to get this pullback in the leg of decline to come, in order to better consolidate the rise that will follow.

There is a corner on silver, but if you study the charts, silver cannot avoid to go lower on the very short term.

Analyzing the silver market, without taking into account the ongoing monetary reform, and the will expressed by the governor of China’s central bank, makes no sense.

The shortage is here. It is a fact. In the weeks to come, you should find many articles to read about the growing delays in delivery of silver. There should be real problems for delivery at the end of September and the beginning of October.

The silver price is still under $ 16 today, but it won’t last long at that level. With an open interest around 1 billion ounces on the Comex, there will be a huge SHORT-SQUEEZE before the end of the year. Remember, the rule for silver as for gold : if you don’t hold it, you don’t own it.