{"id":357,"date":"2021-02-12T16:46:59","date_gmt":"2021-02-12T16:46:59","guid":{"rendered":"https:\/\/kinesis.money\/uncategorized\/unknown-market-force-defends-reddit-driven-silver-spike\/"},"modified":"2021-11-21T18:11:06","modified_gmt":"2021-11-21T18:11:06","slug":"unknown-market-force-defends-reddit-driven-silver-spike","status":"publish","type":"post","link":"https:\/\/kinesis.money\/es\/blog\/unknown-market-force-defends-reddit-driven-silver-spike\/","title":{"rendered":"Unknown market force defends Reddit-driven silver spike"},"content":{"rendered":"<p>Andrew Maguire reports insiders pushback against Reddit silver traders defended by an unknown market entity.<\/p>\n<div class=\"video-box\"><iframe src=\"https:\/\/www.youtube.com\/embed\/q64mBCadDQs\" frameborder=\"0\" allowfullscreen=\"allowfullscreen\"><\/iframe><\/div>\n<p><b>&nbsp;<\/b><br \/>\n<strong>Watch this week\u2019s Live from the Vault for:<\/strong><\/p>\n<ul>\n<li>Watch out COMEX Wall Street Silver are coming: <a href=\"https:\/\/www.youtube.com\/watch?v=mlG4b9fa2yQ&amp;t=93s\" rel=\"noopener noreferrer\" target=\"_blank\">1:33<\/a>\u200b\u200b<\/li>\n<li>Reddit traders could drain COMEX supplies: <a href=\"https:\/\/www.youtube.com\/watch?v=mlG4b9fa2yQ&amp;t=380s\" rel=\"noopener noreferrer\" target=\"_blank\">6:20\u200b\u200b<\/a><\/li>\n<li>Comex physical in crosshairs for delivery in SI and GC: <a href=\"https:\/\/www.youtube.com\/watch?v=mlG4b9fa2yQ&amp;t=531s\" rel=\"noopener noreferrer\" target=\"_blank\">8:51<\/a><\/li>\n<li>Reddit physical silver stackers will drive prices higher: <a href=\"https:\/\/www.youtube.com\/watch?v=mlG4b9fa2yQ&amp;t=630s\" rel=\"noopener noreferrer\" target=\"_blank\">10:30<\/a><\/li>\n<li>Central bank physical demand tightening physical supply: <a href=\"https:\/\/www.youtube.com\/watch?v=mlG4b9fa2yQ&amp;t=807s\" rel=\"noopener noreferrer\" target=\"_blank\">13:27<\/a><\/li>\n<li>Tonnage of upcoming COMEX delivery orders revealed: <a href=\"https:\/\/www.youtube.com\/watch?v=mlG4b9fa2yQ&amp;t=1028s\" rel=\"noopener noreferrer\" target=\"_blank\">17:08<\/a><\/li>\n<li>Russian central bank buying up gold: <a href=\"https:\/\/www.youtube.com\/watch?v=mlG4b9fa2yQ&amp;t=1720s\" rel=\"noopener noreferrer\" target=\"_blank\">28:40<\/a><\/li>\n<li>Wholesale market update: <a href=\"https:\/\/www.youtube.com\/watch?v=mlG4b9fa2yQ&amp;t=2070s\" rel=\"noopener noreferrer\" target=\"_blank\">34:30\u200b<\/a><\/li>\n<li>Silver market footprints echo June 2010 rally: <a href=\"https:\/\/www.youtube.com\/watch?v=mlG4b9fa2yQ&amp;t=2914s\" rel=\"noopener noreferrer\" target=\"_blank\">48:34\u200b<\/a><\/li>\n<li>Red flags on SLV audits: <a href=\"https:\/\/www.youtube.com\/watch?v=mlG4b9fa2yQ&amp;t=3074s\" rel=\"noopener noreferrer\" target=\"_blank\">51:14<\/a><\/li>\n<\/ul>\n<p>As a flood of Reddit-driven trade rallied silver <a href=\"https:\/\/kinesis.money\/blog\/will-short-squeeze-affect-silver\/\" rel=\"noopener noreferrer\" target=\"_blank\">last week<\/a>, according to Andrew Maguire, market making insiders stepped in to aggressively defend their positions. However, reviewing the charts, the precious metals expert reports that the insiders\u2019 orchestrated pushback was met with significant resistance.<\/p>\n<h6>Initial pushback<\/h6>\n<p>On Monday, 1st February, Andrew Magure reports the largely paper-driven Reddit gap was swallowed swiftly up by the officially orchestrated Banking of International Settlements-driven gap close.<\/p>\n<p>Andrew Maguire attributes the gap close to a substantial, coordinated 10% and 18% increase in house gold and silver margins, respectively. However, according to the precious metals expert, the insiders\u2019 orchestrated spec clean-out was not entirely successful.<\/p>\n<h6>Who was backing Thursday\u2019s spike?<\/h6>\n<p>In Andrew Maguire\u2019s opinion, the silver footprints suggest an unknown entity came in very large on Thursday. The precious metals expert believes an unidentified market player front ran the first Reddit-driven spike, before defending this long position into the orchestrated rinse attempt.<\/p>\n<p>Despite market insiders best efforts, the gap left was never closed. Upon inspecting the charts, the long-time wholesaler believes somebody must have defended that position. The precious metals expert believes that this level will not be breached as this anonymous \u2018whale\u2019 is defending it with significant resources.<\/p>\n<p>Watch Andrew Maguire assess the long term impact of the \u2018Silver Short Squeeze\u2019 on the silver markets in last\u2019s week\u2019s Kinesis show \u2018Live from the Vault\u2019.<\/p>\n<h6>Crucial silver levels maintained<\/h6>\n<p>Andrew Maguire has stated that the crucial silver level that needs to be held was the important 26.225 Fibonacci retracement level. In spite of a significant attempt to knock silver back, the level remains intact.<\/p>\n<p>The precious metals expert believes all indications suggest that silver should now be refreshed for a sustainable physically-driven catch-up rally into the thirties, at least.<\/p>\n<p>Andrew Maguire&#8217;s parting thought:<\/p>\n<p><em>Whether it&#8217;s friend or foe, we don&#8217;t know, that we can&#8217;t say, but definitely the footprint say it was defended.<\/em><\/p>\n<p style=\"text-align: center;\"><strong>Make sure you catch next week&#8217;s Live from the Vault.<\/strong><\/p>\n<div class=\"button-container text-center text-md-center\"><a class=\"btn btn-coral p-body p-f-regular text-uppercase\" href=\"https:\/\/www.youtube.com\/c\/KinesisMoney\" target=\"_blank\" rel=\"noopener\">SUBSCRIBE<\/a><\/div>\n<p><b>&nbsp;<\/b><br \/>\n<b>&nbsp;<\/b><br \/>\n<b>&nbsp;<\/b><br \/>\n<i>The opinions expressed in this publication are those of Andrew Maguire and do not purport to reflect the official policy or position of Kinesis.<\/i><\/p>\n<p><i>This publication is for informational purposes only and is not intended to be a solicitation, offering or recommendation of any security, commodity, derivative, investment management service or advisory service and is not commodity trading advice. This publication does not intend to provide investment, tax or legal advice on either a general or specific basis.<\/i><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Andrew Maguire reports insiders pushback against Reddit silver traders defended by an unknown market entity. &nbsp; Watch this week\u2019s Live from the Vault for: Watch out COMEX Wall Street Silver are coming: 1:33\u200b\u200b Reddit traders could drain COMEX supplies: 6:20\u200b\u200b Comex physical in crosshairs for delivery in SI and GC: 8:51 Reddit physical silver stackers [&hellip;]<\/p>\n","protected":false},"author":7,"featured_media":8477,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[20,153],"tags":[143,144],"class_list":["post-357","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blog","category-silver","tag-lftv","tag-wss"],"acf":[],"yoast_head":"<!-- This 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