Accolades are in order for the silver price suppressors concerning Tuesday's trading. Huzzah! All praise to the riggers!
As is their usual mode of operation, in the overnight trade of December 8, leading to the morning of December 9, the usual suspects managed to smash the silver price down to $57.54. Hours later, during regular trading in New York, the price of an ounce of silver had reached the unprecedented all-time high of $60.88 in the spot market.
The price suppression cartel that operates between the United States and England has been fully broken and defeated. Within the past month alone, the price of silver has increased more than 21%. Over six months, the rise has been more than 66%, and year-to-date silver has achieved what many long-term holders of precious metals thought to be impossible: the price of silver has advanced some 109%, affirming that whatever mechanisms the New York to London fixes, spoofs, and unconscionable suppression tactics have been undertaken have failed, and failed miserably.
Implications to global economics are profound and only beginning to be understood. Silver's rising price represents a wholesale repudiation of Western economic hegemony and a radical shift from derivative pricing to physical, not just in the United States and Europe, but around the world.
A day or so ago, Fearless Rick watched a video produced by Chris Martenson, accompanied by Paul Kiker, near the end of which both presenters were dumbfounded as to why central banks were so intent on keeping the price of silver suppressed. Neither could come up with a good reason. On Tuesday, Rick posted a reply on the youtube page, republished here, which answers their question rather succinctly:
To Chris and Paul: I just wanted to offer my opinion on why central banks and major economies like the US and (ahem) England want to keep the price of silver down is because of one simple reason: It's MONEY, just like gold, and central bankers with the ability to conjure fiat currency out of thin air DO NOT APPRECIATE COMPETITION. The suppression of silver didn't happen when silver was taken out of circulation in 1965 in the US. It began much further back, in 1873, when central banks sought to remove the bi-metallic standard from with the U.S. and elsewhere and make gold the prime financial asset with the coinage act of 1973. What became known as the "Crime of '73" demonetized silver and facilitated the suffering of farmers and common people in the United States.I have written on the subject many times on my website, https://dtmagazine.com. You can go and read my assessments of why central bankers hate silver more than gold or read many other articles around the internet. I'll certainly be writing more about banking and silver as long as I can, and actually featured silver on the money page of December's idleguy.com (https://idleguy.com/122025/8money.php).
There are far-reaching ramifications concerning silver that will come to actualization in the months and years ahead, the most powerful of which will likely be a return to sane and historic gold:silver ratio of what I believe will eventually be 10:1. By putting silver in proper perspective relative to gold and the US$, much of the world will experience prosperity as they never have before. Imagine the populations of India, China, much of the Middle East, Africa, South America and, of course, in developed nations as well, being pulled from poverty just by the men act of silver being finally recognized for its monetary potential. You can pay attention to this world-shattering event as it occurs or deny it. The choice is yours. Good day and good luck.
It's a good thing Money Daily copy/pasted the comment, because, like most of Fearless Rick's commentary, it was quickly removed (We'll repost it, again, and again, and again).
As far as the gold:silver ratio returning to the natural level of 10:1 is concerned, that development may take years, or could happen overnight, should a major economic power - India, China, Russia, Indonesia or even Saudi Arabia, or all of them - officially peg silver to gold at a 10:1 ratio. Not that it may happen, but the likelihood of it happening grows significantly closer as the ratio, even with the COMEX, CME, and the LBMA squirming to retain control continue to exist.
As of Tuesday evening, the ratio has fallen to its lowest level since 2021, 69.43, and it is likely to decline even further. Just a few weeks ago that ratio was above 84. The movement should not be easily disregarded as it represents the initial thrust in what figures to be a long-term trend. There's no doubt that the regime of fractional reserve, fiat debt-based money is nearing an end. Silver may very well be the vehicle that accelerates or completes the process.
With the stock market opening in about 30 minutes, the price of silver is holding around $60.80 after hitting a record high of $61.64 overnight in the spot market. Whatever techniques the riggers are using, they aren't working very well presently.
The big deal on Wednesday will be the conclusion of the final FOMC meeting of the year. At 2:00 pm ET the FOMC will unveil what figures to be a 25 basis point cut to the federal funds rate, from 3.75-3.50% down to 3.50-3.25%. Chairman Jerome Powell will hold the customary press conference a half hour after the announcement, and FOMC members will reveal their economic projections.
Stock futures are flat, bitcoin is hovering around the $92,000 mark and WTI crude oil is up 13 cents, at $58.38.
At the Close, Tuesday, December 9, 2025:
Dow: 47,560.29, -179.03 (-0.38%)
NASDAQ: 23,576.49, +30.58 (+0.13%)
S&P 500: 6,840.51, -6.00 (-0.09%)
NYSE Composite: 21,654.78, -48.41 (-0.22%)
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