As of October 9, 2026, the prices of gold and silver in India continue to be influenced by global market trends, local demand, and changing currency rates. Here is a breakdown of the current prices of gold and silver: Read here : #GoldPrice# #SilverPrice# #GoldRateToday# #IndiaGold# #SilverRate# #DNAUpdates#

.@maneco1964 sees current #silver# prices as a bargain, and he thinks the bullion banks and other nefarious forces attempting to manipulate the silver price have already lost their edge, as evidenced by silver's incredible run to $120 earlier in the year. Mario believes this time, the road back to triple digits could happen in the blink of an eye and once it does, there could be no turning back. 📰 Subscribe to the FREE Commodity Culture Newsletter: 💬 Join the Commodity Culture Whatsapp Group: Maneco64 on Youtube: Follow Mario on X: Follow Mario on Linkedin:

Anyone looking at the long-term silver price chart always asks one question: WTF happened in 1980? The answer is one of the most interesting stories in modern financial history. Nelson Bunker and William Herbert Hunt accumulated roughly 100 million ounces of silver between 1979 and 1980, driving prices from $6 to $50 per ounce. They believed, correctly, that fiat currency expansion under the Federal Reserve made hard assets the rational hedge. They acted on that belief aggressively and legally. Washington panicked. Big banks and trading houses simply did not have the silver they sold in the futures market to deliver, and stood to lose an indefinite amount of money. To put it plainly, the Hunt brothers owned most of the physical silver and also owned the futures contracts. To deliver physical silver on the futures date, the firms who sold the futures had to buy it from somewhere, and that somewhere was the Hunt brothers themselves. Checkmate. Naturally, the Commodity Futures Trading Commission and the Chicago Board of Trade changed the rules mid-game in January 1980, issuing "Silver Rule 7," which restricted new silver futures purchases and forced liquidation of existing positions, forcing the Hunt brothers to sell by law. The exchanges moved the goalposts while the Hunts were already on the field. Prices collapsed. The Hunts faced margin calls they couldn't meet. On March 27, 1980, silver dropped 50% in a single day, now called "Silver Thursday." The brothers eventually declared bankruptcy in 1988. The entire apparatus, the CFTC, the Fed, the major banks holding short positions on silver, had direct financial interests in stopping the Hunts. The banks short on silver lobbied the government and got the rules changed in their favor. You never hear that part emphasized. Property rights mean nothing if regulators can rewrite market rules the moment a private actor threatens well-connected institutions. The Hunt brothers didn't destabilize the monetary system. They exposed how fragile a debt-based system looks when real money starts moving. H/T to @MiningVisuals for this excellent graphic.

Ed Steer: Short Position in $SLV Drops By 23% This was for positions held at the close of business on Friday, July 31. I was happy to see that the short position in SLV took a big drop...from 31.13 million share/troy ounces, down to 23.95 million shares/troy ounces...a decline of 23.06%. This represents 4.43% of total SLV shares outstanding. This is the lowest short position in SLV since December 2024...but still outrageous, as there isn't a single solitary troy ounce of silver backing any of those remaining shares sold short...which is hugely manipulative to its price. One can only imagine what the silver price might be if those short had to buy the physical silver to back those shares. The short position in $GLD also fell...from 13.50 million shares, down to 12.13 million shares sold short...a decline of 10.12%. Coincidentally, this also represents 4.43% of the the total GLD shares outstanding but, unlike silver, is of little concern.