In an interview on the CapitalCosm, veteran precious metals analyst Ed Steer delivered a stark assessment of the current gold and silver markets. Steer, renowned for his decades of experience and deep understanding of the sector, argues that attempting to suppress prices and cover their short positions.

Steer, whose detailed analysis is followed by investors worldwide, didn't mince words about the recent market turmoil. "" he stated, directly addressing the video's title. He elaborated, pointing a finger at "the bullion banks and the investment houses trying to convince people... to try to keep the price down and keep excitement away from the market and to cover as many short positions as they can."

According to Steer, a critical dynamic is at play in the Comex futures market. Despite, . He explained that a small number of bullion banks are holding substantial short positions against a vast majority of traders who are net long on gold and silver.

"You got eight traders against ," Steer asserted. He believes these banks are actively working to keep prices down to manage their short exposure.

While the paper price of gold and silver has seen downward pressure, Steer highlighted extraordinary activity in the physical markets. He pointed to , a reversal of earlier trends. Simultaneously, silver is experiencing a "monstrous" inflow, much of which is staying put, indicating robust physical demand.

Steer emphasized the staggering amount of gold contracts being delivered in May. "In the last two days alone... 5,500 gold contracts [were] delivered in May, which is like unprecedented," he revealed. This , suggesting a disconnect between the paper price and underlying physical demand.

For individual investors, or "stackers" as they are often called, Steer's message is one of He acknowledged the psychological challenge of buying when prices are falling. "Everybody that's buying silver and gold for an investment, I mean, they look at the price and say, 'Gee whiz, it's down today, so I don't think I'm going to buy.'"

However, drawing on investment wisdom, Steer advised, "As the best investors will tell you, the " He encouraged a consistent buying strategy, regardless of short-term price fluctuations, to benefit from the eventual upward trajectory he anticipates.

Steer believes the current price suppression cannot last indefinitely. "The , you could see the price at some fantastic price within no time at all," he predicted. He likened the bullion banks to a "cork in the price bottle," suggesting that even a temporary pause in their short-selling activity could trigger a dramatic price surge. "If they put their hands in their pocket, even for 24 hours, we'd see gold and silver prices that you frankly can't believe."

Ed Steer's analysis of CapitalCosm paints a picture of a precious metals market where artificial forces are actively suppressing prices despite strong underlying demand. His insights suggest that the current situation is unsustainable and that a significant price correction to the upside is increasingly likely once the pressure from bullion banks subsides. Investors are advised to remain informed, exercise patience, and consider the long-term fundamentals driving the demand for gold and silver.