LONDON (COMMODITY ONLINE) -
Why did silver price crash from around $50 to $32 an ounce in May?
Leading bullion analysts in the world have different reasons on the silver price crash. One of the fundamental analyses on the fall in the white metal prices has come from Eric Sprott, CEO of Sprott Asset Management, who has been bullish on owning both gold and silver.
In an interview to Silver Investing News, Sprott has said that manipulation was the name of the game in the recent crash in silver prices.
According to Sprott, several large financial institutions joined hands to push down silver price from around $50 to $32.
He said in the interview: "In my heart of hearts I believe it was a manipulation. There was no market, it was a setup. They've just pushed it down. It's ridiculous.".......
