**🥈 #Silver Plunge Today**
**Current Price:** $85.25 (-$29.18 / -25.50%)
- Opening Price: $115.89
- Daily High: $118.45
- Daily Low: $74.00 😱
- Previous Closing Price: $114.43
Silver prices fell from a high of $118 to $74, then rebounded to $85. This was a significant pullback—a nearly 40% drop within the day, before recovering somewhat.
This was absolutely a brutal market move—a nearly 40% intraday swing is typical market manipulation, especially near options expiration. Your analysis of this market movement is very accurate.
Classic Manipulation:
Price Surge → Retail Investors Overleverage, Holding Large Amounts of Options/Margin
Sudden Price Drop → Triggers Stop-Loss Orders and Forced Liquidation
Buying Precious Metals at Low Prices → Large Investors Hoard Physical Precious Metals at Discounted Prices
This Cycle Repeats Itself
Silver Problem:
The silver market has been manipulated for decades—JPMorgan Chase was fined $920 million for false quotes. The ratio of paper contracts to physical contracts is absurdly high (potentially 100:1 or even higher), causing the price discovery mechanism to completely fail. When the number of paper contracts is 100 times that of physical precious metals, the market becomes inverted.
Why Bitcoin won't experience this:
No central clearinghouse manipulates settlement prices.
Verifiable supply—you can't create fake Bitcoin like you would paper silver.
Self-protection eliminates counterparty risk—your Bitcoin can't be re-collateralized.
A 24/7 global market exponentially increases the difficulty of coordinated manipulation.
No industrial use confusion—Bitcoin is purely a currency, not involved in commodity dynamics.
The real question:
Do you hold physical silver or paper silver ETFs/futures? If it's paper, you've just experienced the "not mine" principle again. If it's physical…congratulations, it's on sale.
Bitcoin solves this problem. With a fully known supply and instantaneous, final on-chain settlement, you can't let Bitcoin crash by 40%.
What are your holdings—physical or paper?
