Name: 銀價暴跌！情況比你想像的還要糟！ (Silver Prices Collapsing & Its Far Worse Than You Think)
Uploaded: 2026-02-11T18:26:18.000Z
Duration: 11 min 7 s

過去進行式

End of December, I made a video telling you not to buy silver, even though that silver prices were rising so fast.

十二月底的時候，我做了一支影片告訴大家不要買銀，即使當時銀價漲得非常快。

to 不定詞

Because by the end of January or the beginning of February, silver prices are going to crash.

因為到了今年一月底或二月初，銀價就會 crash。

Silver prices saw the biggest crash since 1980s.

銀價出現了自從 1980 年代以來最大的 crash。

Everybody who purchased silver in the last month or so most likely have lost money.

過去一個月左右買銀的人，很可能都賠錢了。

And now everybody is simply blaming Wall street and big banks for manipulating prices and, and

現在大家都在怪 Wall street 和 big banks 操控 prices，

But what if I told you that the entire increase in silver prices was completely artificial?

但如果我跟你說，銀價的整個漲幅其實是 completely artificial 呢？

It should not have happened in the first place.

It was just a game that Wall street played against you to steal some of your money.

這只是 Wall street 跟你玩的一場遊戲，目的是要偷走你的一部分錢。

And in this video I will explain how exactly they did it.

而這支影片我會跟大家解釋他們是怎麼做到的。

So if you are ready, give this video a thumbs up and let's get right into it.

所以如果你準備好了，請幫這支影片按個讚，我們馬上開始吧！

When you see the price of anything growing so fast, it is really difficult to stay aside and you want to in and profit out of it.

當你看到任何東西的價格飆漲時，真的很難不心動，你也會想進場賺一筆 profit。

But there are essentially three types of silver buyers.

但其實有三種主要的 silver buyers。

These are the people or the big tech who are buying silver because they need to use it in a certain technology.

這些人或 big tech 買 silver 是因為他們需要在某些技術上使用它。

Every piece of technology that you use today, from your smartphone to your computer or even your car, has a small piece of silver.

你今天用的每一種 technology，從你的 smartphone、computer，甚至你的 car，裡面都有一小部分的 silver。

Without silver, there are so many technologies that you cannot possibly build.

沒有 silver，很多 technology 你根本不可能製造出來。

And as the demand for artificial intelligence increases, the, the demand for silver keeps rising.

隨著 artificial intelligence 的需求增加，silver 的需求也在不斷上升。

The second type of buyers of silver are long term investors.

第二種 silver buyers 是 long term investors。

These people look at the value of the dollar and they're like the dollar is losing most of its value, so we have to buy assets that are going to preserve their value, such as gold or silver.

這些人看到 dollar 的價值，他們會覺得 dollar 正在失去大部分價值，所以我們必須購買像 gold 或 silver 這樣的資產來保值。

These people look every single time the Fed is printing trillions of dollars, they know that the dollar is becoming less valuable.

這些人每次看到 Fed 在 printing trillions of dollars，他們就知道 dollar 的價值正在降低。

So we have to buy something that, that is going to increase in value every time the supply of dollars keep rising.

所以我們必須購買一些東西，在 dollar 的 supply 不斷上升時，它的價值也會跟著上升。

And if you haven't started investing yet, then check out the investing academy where you will get a step by step instruction to buy your first stock.

如果你還沒開始投資，那就來看看 our investing academy，裡面有手把手的教學，教你如何買進你的第一支股票。

The third type of buyers of silver are speculators.

第三種 buyers of silver 是 speculators。

These people don't care about the value of the dollar or the silver itself.

這些人不在乎 dollar 的價值，也不在乎 silver 本身。

All they want is to profit from the rise or the fall of of silver prices.

他們只想從 silver prices 的漲跌中獲利。

If speculators assume that silver prices will increase from $70 to $100 in January, they will buy it and instantly sell it whenever the price of silver increases.

如果 speculators 預期 silver prices 在一月會從 $70 上漲到 $100，他們就會買進，然後在 silver prices 上漲時立刻賣出。

This is exactly how they manipulated silver prices.

這就是他們 manipulating silver prices 的方式。

Speculators bought a lot of call options when they realized that silver prices are rising.

Speculators 發現 silver prices 在漲，就買了很多 call options。

Especially after China put a Ban on exporting silver.

特別是中國禁止出口 silver 之後。

A call option is a contract where you pay a small fee and that gives you the right to buy silver at a specific price sometime in the future.

Call option 是一種合約，你付一小筆費用，就可以在未來以特定價格買進 silver 的權利。

Let's assume that silver prices right now are $70.

我們假設現在 silver prices 是 $70。

I can pay a small fee, and a month later I can still buy silver for $70.

我付一小筆費用，一個月後我還是可以用 $70 買進 silver。

So if silver prices rise to $100, I will buy silver for $70 and sell it for $100.

所以如果 silver prices 漲到 $100，我就用 $70 買進 silver，然後以 $100 賣出。

And why would I be able to buy for $70 when the market price is $100?

為什麼市場價是 $100 的時候，我還能用 $70 買呢？

That's what call option gives me the right to do so.

But to do that, I have to pay a small fee.

但要做到這點，我需要付一小筆費用。

And call options were sold by market makers.

而 call options 是由 market makers 賣出的。

Market makers are huge banks such as J.P. morgan, Chase, State Street.

Market makers 都是像 J.P. morgan、Chase、State Street 這樣的大型銀行。

These people don't mind receiving a small fee from the speculators.

這些人一點也不介意從投機者那裡收到一筆小費用。

What if the price of silver never rises at all?

如果 silver prices 完全沒有漲怎麼辦？

So these market makers have made a lot of profit from speculators who by absolutely doing nothing.

所以這些 market makers 就這樣從什麼都沒做的投機者身上賺了很多 profit。

But what if silver prices do actually rise?

但如果 silver prices 真的漲了呢？

Market makers will have to sell to speculators silver at a price that is lower than the market price, which means that they have to actually buy a piece of silver just to ensure they can actually sell them to speculators.

Market makers 就必須以低於市價的價格賣給投機者 silver，這代表他們必須真的買進一些 silver，才能確保他們能賣給投機者。

But buying so much silver is extremely difficult.

但要買進這麼多 silver 其實非常困難。

你得把這些 silver 存放在某個地方。

But what if the silver prices never rise in the first place?

但如果 silver prices 一開始就沒有漲呢？

And in fact, what if silver prices do actually fall?

事實上，如果 silver prices 真的下跌了呢？

So market makers are going to make a loss, but

speculators not so much, because they're simply paying a small fee to buy these call options.

但投機者就不會，因為他們只是付一小筆費用來買這些 call options。

So market makers are not actually buying the physical gold itself, but rather they're buying the futures.

所以 market makers 其實不是真的買實體的 gold，而是買 futures。

A future is a contract where you will buy a certain asset at a specific price sometime in the future.

future 是一種合約，你將在未來的某個時間，以特定的 price 買進某個 asset。

But right now, all you have to do is simply put a small deposit.

但現在，你只需要付一小筆訂金。

So if silver prices are $100, you can, you can buy Silver Future for just $5.

所以如果 silver prices 是 $100，你只需要付 $5 就可以買 Silver Future。

When the time comes, we are going to pay the rest of the money, which is $95.

等到時候到了，我們就要付剩下的 $95。

That allows you to secure a certain price even if prices actually rise.

這樣即使 prices 真的上漲，你也能鎖定一個特定的 price。

Speculators are paying a small fee to buy the call options from market makers.

投機者付一小筆費用向 market makers 買 call options。

Market makers are taking that money and buying futures on silver.

Market makers 就把這些錢拿去買 silver 的期貨。

Every time you're buying futures on silver, silver prices are rising.

每次你買 silver 期貨，silver prices 就會上漲。

The more silver prices are rising, the more speculators want to buy call options.

silver prices 漲越多，投機者就越想買 call options。

I assume that they will increase farther, I will buy call options now so that if the price rises more than $100 to $110.

我預期它會再漲，我現在就買 call options，這樣如果 price 超過 $100 漲到 $110。

I will be able to buy silver at $100, sell it at $110.

我就能用 $100 買到 silver，然後用 $110 賣掉。

But the more call options they buy, the more futures market makers will buy.

但是他們買的 call options 越多，期貨 market makers 就會買越多。

The higher silver prices keep rising and it turns into this never ending cycle.

silver prices 就會一直漲，變成一個永無止境的循環。

And until silver prices keep rising farther and farther and farther, theoretically silver prices could rise infinitely to thousands of dollars.

而且只要 silver prices 一直不斷地漲，理論上 silver prices 可以無限漲到數千美元。

Early speculators who actually bought call options in the beginning at $80, for example, decided to exercise their call options.

早期投機客，例如一開始以 80 美元買入 call options 的人，決定執行他們的 call options。

If I bought a call option for $80 and now silver prices are $120, I, I can buy silver for $80, sell it at $120, which means that I'm making a profit.

如果我以 80 美元買入 call option，現在 silver prices 是 120 美元，我就可以用 80 美元買入 silver，然後以 120 美元賣出，這代表我賺到了 profit。

So these speculators began to exercise their call options.

所以這些投機客就開始執行他們的 call options。

They bought the silver instantly, sold it in the market, and now the dynamic in the market changes.

他們立刻買入 silver，然後在市場上賣掉，現在市場的動態就改變了。

The supply increases while the demand falls down, which means that the price of silver slightly dropped.

供應增加了，而需求下降了，這表示 silver prices 小幅下跌。

When the price of silver slightly drops, the value of the future drops as well.

當 silver prices 小幅下跌時，期貨的價值也會跟著下跌。

JP Morgan purchased these futures by putting a very small DEP, let's say $5 on $100 silver.

JP Morgan 用非常小的 DEP 買入這些期貨，假設是 100 美元的 silver 支付 5 美元。

If the price of silver drops from $100 to $95, JP Morgan is going to get a margin call saying that either you are going to deposit more money into your account or the seller of the future will give JP Morgan a margin call, which means that the future will automatically be sold in the market.

如果 silver prices 從 100 美元跌到 95 美元，JP Morgan 會收到 margin call，說你要嘛存更多錢進你的帳戶，不然期貨的賣家會給 JP Morgan 一個 margin call，這表示期貨會自動在市場上賣掉。

But if the future will be sold, then silver prices will fall farther.

但如果期貨被賣掉，那麼 silver prices 就會進一步下跌。

To prevent to get a margin call, banks instantly sell their futures.

為了避免收到 margin call，big banks 會立刻賣掉他們的期貨。

The more futures silver prices go, the more speculators are going to sell.

期貨 silver prices 跌越多，投機客就越會賣。

If I purchased a call option for $100 and silver prices were $130 and now they have fallen to $120, the more they fall, the less profit I will make.

如果我買了 100 美元的 call option，當時 silver prices 是 130 美元，現在跌到 120 美元，跌越多，我的 profit 就越少。

So I'm more likely to exercise my call options instantly to make a profit that will crash silver prices even more, which means that future contracts will be less valuable, which means that banks are going to get margin calls, but

所以我會立刻行使我的 call options 來賺取 profit，這會讓 silver prices 跌得更慘，這表示期貨的價值會降低，這表示 big banks 會收到 margin call，但

not to get that they will instantly sell.

並不是為了收到 margin call 他們會立刻賣掉。

Their future is going to lead to lower prices, which means that speculators are going to exit their positions even farther.

他們的期貨會導致 prices 下跌，這表示投機客會進一步退出他們的部位。

And it turns into this never ending cycle until silver prices keep falling down.

就這樣變成一個永無止境的循環，直到 silver prices 一直下跌。

Leverage can amplify your gains or amplify your losses.

Leverage 可以放大你的獲利，也可以放大你的虧損。

When market makers are buying silver, they're not actually buying the silver itself, but

當 market makers 買入 silver 時，他們實際上並不是買入 silver 本身，而是

But when you're buying A future, you're putting a very small deposit.

但當你買進期貨時，你只需要付一筆很小的保證金。

If the value of the silver goes down, your deposit instantly evaporates.

如果 silver 的價值下跌，你的保證金就會瞬間蒸發。

So you have to deposit more money or you will get a margin call.

所以你必須補繳更多錢，否則就會收到 margin call。

When silver prices began to grow so fast, Chicago Mercenary Exchange, which is literally the largest market for derivatives, instantly raised their margin requirements from 9% to 18%.

當 silver prices 開始快速上漲時，芝加哥期貨交易所，也就是最大的衍生性金融商品市場，立刻將保證金要求從 9% 提高到 18%。

When they realized that this is turning into a bubble and we don't want to see a massive crash of the entire exchange, they instantly began to increase their requirements.

當他們意識到這正在變成一個保麗龍，而且我們不想看到整個交易所發生 massive crash 時，他們立刻開始提高要求。

So instead of just putting $9 for a $100 asset, now you have to put $18.

所以，原本只要付 9 元就能買 100 元的資產，現在你必須付 18 元。

Futures and call options are derivatives.

期貨和 call options 都是衍生性金融商品。

You're using leverage when you're buying or selling an asset.

當你買賣資產時，你就是在運用 leverage。

When the market is growing, you can make astronomical amounts of money.

當市場上漲時，你可以賺取天文數字般的利潤。

So you simply put $5 and you can actually buy an asset that worth $100.

所以你只要付 5 元，就能買到價值 100 元的資產。