The Silver (XAG) price has been acting strange lately. Just when it looked like the market was settling down, a new argument started spreading fast: silver might not even be trading at a real price.

A recent video from PGurus, a channel with nearly 774K subscribers, breaks down why silver could be held down by forces that have nothing to do with normal supply and demand.

And once the full picture comes together, the silver market starts to feel a lot less natural.

Silver doesn’t move the way most people think it does. The price isn’t mainly set by physical buyers grabbing bars and coins. Instead, it’s driven by futures markets, where traders are betting on what silver should be worth later.

That system is common across commodities, but the scale in silver is where things start to look questionable.

The video highlights how paper contracts may massively outweigh the real metal behind them, creating a market where the “price” is shaped more by financial exposure than actual supply.

This is where the suppression theory gets serious.In a situation whereby there is an inundation of paper silvers within the market, the artificial supply is increased. 

Regardless of the existence of a strong demand for the contract itself, the Silver price is bound to be capped because the contracts keep on piling up.

The theory here is simple: when a seller is driven by pressure that comes from paper instead of real metal, silver is no longer a scarce good but a regulated one. That disconnect is what makes the current price feel off.

The video points toward bullion banks as major players in this structure. The claim is that large institutions can hold heavy short positions, and when the silver price starts climbing, paper selling appears quickly to knock it back down.

Instead of clean breakouts, silver often gets hit with sudden reversals, which feeds the belief that the market isn’t fully organic.

It also brings up spoofing, where massive sell orders flash onto the order book, only to disappear seconds later, creating fear without real execution.

Even when these issues have been exposed, enforcement has been weak. The video mentions past fines against major banks, but the problem is that penalties rarely change the system.

If the cost of manipulation is just another expense, then nothing really gets fixed. So the same structure continues, and silver keeps trading under a cloud of distrust.

This is the part that gets people locked in. The video explores what silver might look like if pricing reflected physical reality instead of paper leverage.

Under different historical models, silver wouldn’t be hovering near today’s levels. It could sit far higher, especially if the paper-to-physical imbalance ever shrinks.

The suggestion is that silver has room to reprice sharply if true demand ever takes control again.

Furthermore, Silver isn’t just a store of value anymore. It’s becoming a key industrial metal, tied directly to solar expansion, electronics, and the massive AI buildout happening globally.

The video also points to geopolitical pressure, including China tightening control over silver-related exports, which only adds to supply stress.

So demand keeps rising, industrial use keeps growing, yet the price still feels strangely held back. That’s the exact tension driving the suppression conversation.

However, Silver’s chart doesn’t look normal, and the argument from PGurus is that the market itself isn’t normal.

When paper contracts dominate price discovery, silver can trade far below what physical scarcity would imply. If that structure ever cracks, silver won’t move slowly.

It could reprice in a way that shocks everyone who assumed the current levels were real.

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The post The Silver Price Doesn’t Look Real – And This Video Explains Why appeared first on CaptainAltcoin.

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