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Very interesting report on why the banks have started massively shorting PSLV.

To summarize, PSLV buys physical silver whenever investors buy shares in PSLV. By shorting the fund and suppressing the fund, banks are preventing the triggering of buying of physical silver by PSLV. Without this short position, PSLV would be buying 500 tons a month of physical silver from the London Metals Exchange.

The LME saw 1000 tons of physical silver withdrawn last month, they have 7000 tons left. So this short position is really important.

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[QUOTE="Varmint, post: 9446756, member: 50037"] Very interesting report on why the banks have started massively shorting PSLV. To summarize, PSLV buys physical silver whenever investors buy shares in PSLV. By shorting the fund and suppressing the fund, banks are preventing the triggering of buying of physical silver by PSLV. Without this short position, PSLV would be buying 500 tons a month of physical silver from the London Metals Exchange. The LME saw 1000 tons of physical silver withdrawn last month, they have 7000 tons left. So this short position is really important. [ATTACH type="full" alt="IMG_8770.jpeg"]978512[/ATTACH] [MEDIA=youtube]w7Ku-goeQRA[/MEDIA] [I][SIZE=2][URL='https://youtu.be/w7Ku-goeQRA?si=CwSl9DszM8SVQqOM']View: https://youtu.be/w7Ku-goeQRA?si=CwSl9DszM8SVQqOM[/URL][/SIZE][/I] [/QUOTE]

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