Silver Prices on the Rise!

Can you guess which types of precious metals are making investors go into frenzy this month? If you guessed silver, you are correct—silver were predicted to explode in price by Bill Murphy. Silver, for thousands of years, has been deemed as a valuable precious metal used as a form of money. Egon von Greyerz, a Swiss money manager, told King World News, “If we look at silver, silver is going to move a lot faster than gold.” To understand how silver prices rose significantly in the past year, one must factor in J.P. Morgan and their manipulation of the silver market.

Bill Murphy of the Gold Anti-Trust Action Committee (GATA) has been dead on this prediction that silver prices will explode. Murphy claims that in 2011, J.P. Morgan has been manipulating the silver market and when the company’s operations ceased, they were responsible for the huge hike in silver prices. Over a six month period, silver prices increased from $28 to a whopping $50. J.P. Morgan is one of the big four banks in the United States, along with Bank of America, Wells Fargo, and Citigroup.

The artificial manipulation of silver & gold market is a tell-tale sign that the government and the central banks are losing their ability to stay in control. Financial institutions, the dominant players, like J.P. Morgan Chase & Co. rig silver prices by using manipulative tactics such as making it appear as if there is a huge quantity of sell orders to scare your average trader into selling. This tactic triggers lowered prices on sell orders which have very little actual volume because majority of the sell orders are fake. Once this occurs, many outsiders will start selling—frightened by the huge decrease in price. Commercial buyers (financial institution) will then buy the low priced silver, leading to

significant price manipulation. According to an article published on Money Morning April 6th of this year, “the actual selling (and commercial buying) [of silver] takes place AFTER the price drops”. Thus, silver manipulation has a huge impact on the nation because silver prices are rigged by financial institutions, and these big banks are backed by the government.

Bill Murphy predicted a huge price jump on the silver market before the actual increase of silver prices occurred. Murphy also claims that it will not be long before silver prices increase to $100. The huge increase in silver prices is the result of J.P. Morgan manipulating silver prices. This has caused a growing concern amongst the public with some advocating restriction on specific activities carried out by the banks. After all, something should be done when big financial institutions—which are backed by the government—are able to carry out such illegal activities.

Bill Murphy Silver, silver & gold market