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.
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.