How & Why Are Silver Prices Bing Manipulated?
- Historically, grainy breads were given to the poor, while higher society indulged themselves on soft white bread.
- Lobster was once fed to the incarcerated as a cheap food source that no one wanted.
- Chicken wings were a discarded part of the chicken, often given to enslaved or impoverished individuals.
Hmmm… maybe I’m hungry as all my examples seem to be food based. 🤔
Nonetheless, silver has long been a sought-after precious metal for investors, industries, and governments alike. Yet, despite its rising demand, dwindling supply, and crucial role in technology and renewable energy, silver has failed to reflect its true market value.

Many experts argue that silver is one of the most manipulated commodities in the world, with large financial institutions, bullion banks, and futures markets playing key roles in keeping prices artificially low. This has sparked controversy, investigations, and regulatory scrutiny.
Why Would Financial Institutions Want To Suppress The Value of Silver?
There are lots of theories as to why. Some are a little “out there” while many are totally within reason. To narrow it down, let’s first look at the facts…
1. Suppression of Physical vs. Paper Silver Markets
One of the biggest arguments for silver manipulation is the disconnect between physical silver and paper silver. Unlike gold, which central banks openly buy, silver is primarily traded through derivatives and futures contracts rather than physical ownership.
The COMEX (Commodity Exchange) futures market allows banks to sell massive amounts of “paper silver” without having the actual physical metal to back it up.
The paper silver supply FAR EXCEEDS the actual physical silver available, creating an illusion of abundance and suppressing prices.
Physical shortages don’t reflect in prices, as large contracts are settled in cash rather than metal, keeping silver artificially undervalued.
If those who own “paper silver” decided to settle the contract in actual physical silver, 90% of them would be left holding a worthless piece of paper.
2. JPMorgan & Bullion Bank Manipulation
Major financial institutions have been accused of manipulating silver markets for decades. One of the most high-profile cases involved JPMorgan Chase, which was found guilty of spoofing silver and gold prices through illegal trading practices.
In 2020, JPMorgan paid a $920 million fine for manipulating the silver and gold markets for years.
The bank used “spoofing” tactics—placing large fake sell orders to drive prices down before buying at lower prices.
Despite this record fine, JPMorgan and other banks continue to dominate silver trading, leading many to believe that manipulation is still rampant.
3. The Silver-to-Gold Ratio Imbalance
Historically, the silver-to-gold ratio (the amount of silver it takes to buy one ounce of gold) has averaged around 11:1. However, in modern markets, this ratio has been artificially inflated, often exceeding 80:1.
This means, if silver were fairly priced, it would be trading at $250+ per oz.
4. Government Interests
Governments have a vested interest in keeping silver prices low, as it benefits industries that rely on cheap silver, such as solar panel manufacturers, electronics producers, medical device companies, etc. In addition, due to its highest electrical conductivity, thermal reflectivity, and resistance to extreme environments, silver is indispensable in advanced defense systems, weaponry, and space exploration.
If silver prices were to rise significantly, production costs for critical technologies (including those for military applications) would skyrocket, forcing governments to adjust policies on mining, taxation, and trade.
It is speculated, that governments may have an interest in keeping silver prices artificially low to secure steady supplies for critical military applications.
5. The COMEX & LBMA Price Control Mechanism
The London Bullion Market Association (LBMA) and COMEX are the two main price-setting mechanisms for silver. However, these institutions favor paper trading over physical delivery. The fact that they are basing the price of physical silver on unbacked paper contracts instead of actual supply and demand is mind numbingly absurd.
In fact, during the 2021 Silver Squeeze movement, major exchanges restricted retail access to buying silver. Thus preventing true price discovery.
Could Silver Prices Finally Break Free?
While silver price manipulation has been ongoing for decades, people are waking up to the facts and are educating themselves on economic issues effecting their family. This is exposing signs that this suppression may not last forever.
- Physical Demand is surging.
- Silver reserves are depleting.
- Industrial consumption is rising.
In conclusion, it’s only a matter of time before silver prices break free from decades of manipulation. Investors who understand this dynamic may position themselves ahead of a major price correction, making silver one of the most undervalued assets of our time.
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