The Dawn is Asian: Silver Rises When the West Sleeps

While London tries to hold the price of silver with manipulations and very short-term operations, the market gives its daily lesson in real economy: when dawn arrives and Asia awakens, physical demand explodes and the metal soars, like today, with a rise of 1.71% before sunrise in the West. It is the clash between two forces: on one side, western derivatives trying to impose an artificial price; on the other, millions of Asian buyers accumulating physical silver, where there is no narrative that can hold. The law of supply and demand is inexorable, and always wins. If the eastern pressure continues, London may even try to hold, but the metal tends to follow its natural trajectory: upwards.