by Dr. Jeffrey Lewis, Silver-coin-investor:
Naked shorting of silver is not really the issue, as silver analyst, Ted Butler has been pointing out for decades, it is more about the extreme concentration of short silver positions and less about the big players being caught red-handed sending blatant signals of market price fixing collusion.
Also, forget about gold and silver being valued as commodities, since most people will agree that these metals both have a monetary demand associated with them.
The market seems like two loose wheels on an axel careening down miles and miles of “monetary hills”. They are not fixed and tend to drift back and forth along the axel, and this determines the price. Different axels price different currencies.