Slv has to buy physical ehenee inflows happen.
Today's price surge will support physical deliveries in from the futures market.
Stackers have 1.5b oz of silver. JP Morgan has 113m oz. SLV has 100m oz. But JPM is custodian.
Stackers have about 10x the physical.
A physical short squeeze can easily happen.
It already is. Premiums are $14/oz on silver eagles. Was $2/oz a few weeks ago.
That means there is a disconnect between physical and paper.
So ya...
Who the fuck knows.
But they're definitely gonna demo the economy this year.
Lol imagine thinking SLV actually buys physical silver.... This thread https://boards.4channel.org/biz/thread/27460881#p27470307
has some images show that only the top 4-10 holders in SLV can demand delivery and SLV still reserves rights to supply cash...
JP Morgans 113 OZ and SLV's 100m oz are the same thing.......
No where in the SLV prospectus does it state that they have to buy physical to match inflow of cash. They just have to "adjust their position" i.e. buy more paper bullshit
They dumped 1 billion of oz of PAPER silver on the comex market yesterday to keep price down. Thats 1.5x the amount of silver made in a year world wide in a day to supress this shit.
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