Investors finally wake up to the disconnect between paper and physical silver. A week ago you could for example buy the PSLV ETF at a discount and take delivery at a premium. That window has now almost closed as premiums are skyrocketing.
U.S. mint sales are booming in March 2020.
SLV stock level in the trust is rising, while the spot silver price is falling. This happened in 2008 as well and the next years, silver made a comeback.
On another note, the commercial silver shorts keep falling (-50% from the top) and open interest is declining to 166682 from 238970. This should be beneficial for the silver price.
Also silver premiums are rising.
U.S. mint sales are booming in March 2020.
SLV stock level in the trust is rising, while the spot silver price is falling. This happened in 2008 as well and the next years, silver made a comeback.
On another note, the commercial silver shorts keep falling (-50% from the top) and open interest is declining to 166682 from 238970. This should be beneficial for the silver price.
Also silver premiums are rising.
Keith Neumeyer says 25% of silver supply from mines is being shut down (Chile, Peru). This is a huge number.
Geen opmerkingen:
Een reactie posten