Whats with the huge shorting in the silver market?

Hi,
I've been reading recently and found that there are some big banks that have been shorting huge amounts (several years supply) of silver continually for years. We've known for a long time that silver virtually has to increase in value due to supply v demand, so does anyone know why the big banks have shorted so much? I mean it seems so stupid to short it long term, but these are very wealthy and very educated people so they'd have some reason.

 

Few reasons apart from making illegal gains for decades.............main one is very simple .....so they can keep printing money, create huge inflation and if G/S dont go up in price no one is the wiser. Silver is money ,it is the main competition along with gold of course.

Silver is REAL there money isn't.............

 

Real silver?
Link?

 

It does seem to be just to make fiat look more attractive, but it still seems stupid.

From what I've read it's paper silver, can't remember exacly what I've read but this article gives an idea of scale http://www.guardian.co.uk/commentisfree/2010/dec/02/jp-morgan-silver-short-selling-crash

 

Ask yourself where silver would be without these nefarious activities in the derivatives market. If you figure silver would be many multiples above its current value, then the next question is how would this appear to the investing public? If you think the investing public would be very interested in precious metals in those circumstances possibly to the exclusion of packaged up financial products and other non-tangible asset classes, then you may have identified a potential motivation of central bankers and their agents in suppressing precious metals.

 

Thanks Gino hadn't thought much about that.

 

I'll say...it's a precious metal, but you can buy it for $30/oz !??! there's something wrong with that combination !

 

Of course they will .They still buy gold at $1700oz if silver was a couple of hundred im sure there would be no shortage of buyers

 

Agree, people will pay like 4-5 times spot for a one ounce silver chain at a jewellers that isn't .999 and comment how cheap it is.

 

Yep, it's all paper manipulation.

 

everyon knows the moon has been used to back paper silver what planet u on for peters sake? :/
and the sun for gold
all this conspiracy stuff about naked shorts and short shorts come on spare me

 

i realize the contexct u used, just saying though; labour is worth something in apparnt caterpillister society