400 times more certificates were sold than there are ounces of silver in storage in order to drive down the price. Since Russia's US dollar reserves were frozen, China has woken up. They are now trying to reduce their dollar reserves and US government bonds. Silver is used in electronic devices, and since China is strong in electronic components, it is now regulating silver exports to maintain its monopoly in the country. The demand for physical silver is now causing the certificates to collapse. Since the price of silver has been suppressed for decades, there are no silver mines. It takes 10-12 years to operate a silver mine. It is safe to say that silver will only go in one direction in the coming years: up. Please do not be presumptuous just because you do not own silver, but learn that Bitcoin certificates are also possible.
