While gold has surged 36% over the past year, silver has only risen 27%, underperforming at what should be a moment of significant outperformance.
Ross Norman, of Metalsdaily.com contends that the “manipulation” narrative misunderstands how markets actually work, as banks maintain neutral positions through offsetting physical and futures positions. This persistent negative messaging leaves silver “friendless” in the market despite strong fundamentals. The constant claims of manipulation deter potential investors from entering the market, making them distrust not the alleged manipulators but the messengers themselves.