CharlieFoxtrot
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User ID: 78092574 United States 02/14/2021 05:48 PM Report Abusive Post Report Copyright Violation | Silver Squeeze Hits London As SLV Warns Of Limited Available Silver That SLV has seen massive dollar inflows in late January and early February with corresponding jumps in claimed silver holdings is now widely known, but is worth repeating here, for what’s about to come next. 3,416.11 Tonnes of Silver? The intense market interest in the iShares Silver Trust (SLV) started on 28January when a huge volume of 152 million shares traded on NYSE Arca. Again on Friday 29January, SLV traded a massive volume of 113 million shares. This led to an increase in SLV ‘Shares Outstanding’ on Friday 29 January of 37 million shares, and a same day claim by JP Morgan, the SLV custodian, that it had increased the silver held in the SLV by 37.67 million ozs (1,171 tonnes), all claimed to be sourced in the LBMA vaults in London. On Monday 01 February, an even larger 280 million SLV shares traded on NYSE, and by end of day SLV shares outstanding jumped by 20 million. On that day SLV claimed to add another 15.376 million ounces of silver (478.25 tonnes) within the LBMA vaults in London, about three-quarters of the value of the new SLV shares created on that day. [ link to www.zerohedge.com (secure)] |
T-Man
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User ID: 78270630 Netherlands 02/14/2021 05:59 PM
Report Abusive Post Report Copyright Violation | Re: Silver Squeeze Hits London As SLV Warns Of Limited Available Silver |