by Miles Harris, Miles Harris:
Of course silver is manipulated.
That part is obvious.
There is distortion.
There is leverage.
There are paper claims that exceed physical supply.
But focusing only on that leads you to the wrong conclusion.
Because it assumes that the system will return to true price discovery.
That is the mistake.
TRUTH LIVES on at https://sgtreport.tv/
The System Is Not Fixing Itself
Most people are still analysing silver as if we are operating within a free market.
We are not.
The system is changing.
Major institutions are not trying to restore price discovery. They are building something else entirely. A system where prices are not discovered but permitted.
This is a shift from a credit based model to a collateral based model.
And that changes everything.
Liquidity Is No Longer Neutral
In the old system, liquidity expanded broadly through credit creation.
In the emerging system, liquidity is conditional.
It flows only to what is accepted as collateral.
That means:
Ownership must be clear
Assets must be verifiable
Transfer must be fast and enforceable
Settlement must be immediate
If an asset does not meet these criteria, it is not funded.
Not suppressed.
Not ignored.
Not funded.
What This Means For Silver
Silver has a problem in this environment.
Not because it lacks value.
But because it struggles with:
Fragmented ownership
Competing claims
High volatility
A split identity between industrial and monetary use
Read More @ milesharris.substack.com
