Business
Silver Futures Soar 8%, Rise Above $29 As Reddit Hordes Pile In YoTube points form the article: - Silver Futures Soar 8%, Rise Above $29 As Reddit Hordes Pile In - SD Bullion sold nearly 10x the number of silver ounces that we normally would sell in an entire weekend - little inventory left from suppliers/mints going into Friday close. - bullion dealers are now facing massive shortages of physical coins - the short squeeze:Buy SLV shares (or PSLV shares) and SLV call options to force physical delivery of silver to the SLV vaults - Time to get some payback for the bailouts and manipulation they've done for decades (look up silver manipulation fines that JPM has paid over the years). - This means that 92% of that gold is held privately by institutions and by millions of boomer gold and silver bugs - If the squeeze happens, it would be like 40 years worth of their gains in 4 months - An investment in Shares is: Backed by silver held by the Custodian on behalf of the Trust - The bulk of the Trust’s silver holdings is represented by physical silver, identified on the Custodian’s or, if applicable, sub-custodian's, books