A really bad sign or a really good opportunity?

[StratBastard]

If you saw the video above, here's how those banks shorting silver to keep the price down burned themselves.

Silver Prices Surge: Banks Face Billion-Dollar Losses

Silver prices soared by over 6% yesterday, breaking through the crucial $33.6 per ounce mark and sending shockwaves through global markets. The surge has put five major U.S. banks at risk of massive losses, potentially in the billions, due to their heavy short positions in the precious metal.

According to data from the Commodities Futures Trading Commission (CFTC), the open interest in silver futures contracts has reached a staggering 141,580 contracts, each representing 5,000 ounces of silver. This translates to a total of 707,900,000 ounces – nearly equivalent to a year's worth of global silver production.

With silver prices surging by $1.84 per ounce, these short positions are now underwater by an estimated $1.3 billion. Sources close to the matter report that gold futures are experiencing a similar trend, with paper shorts down over $1.5 billion.

The scale of this short position is particularly alarming given that it is reportedly concentrated among just five U.S. banks. Industry analysts are questioning how such a small group of institutions could take on a short position representing an entire year's worth of global silver mining output.

https://www.msn.com/en-us/money/mark...67833c5d&ei=36