Run on Silver May Collapse Markets Within Weeks

[oyarde]

I thought Obama's first spending bill was higher but you're probably right. It's hard for me to tell when they pass bills, it sounded like they passed the 1.9 bill like 5 times already when you read the headlines.

What's the difference between PSLV and SLV?

I dont buy any of these but many silver funds do not back what they have out with actual silver.

[Meritocrat]

PSLV is the trust owned managed by Eric Sprott. It documents and verifies the silver it holds, and doesn't play any games. There is strong evidence that SLV does not own the silver they claim and they play the Comex in both directions. So if you want to help effect a short squeeze, you want to buy PSLV. Your purchase of PSLV will result in silver being taken off the market.

I thought Obama's first spending bill was higher but you're probably right. It's hard for me to tell when they pass bills, it sounded like they passed the 1.9 bill like 5 times already when you read the headlines.

What's the difference between PSLV and SLV?

[oyarde]

Last night and today silver has fluctuated between 27.30 and 28.07 . Still has a chance to close at 28.

[oyarde]

Starting to look promising , still over 28 , more buyers than sellers at 28 is a good sign . If that paper price pushes 30 that will put the real silver price well over 40.

[Meritocrat]

"House Democrats passed their sweeping $1.9 trillion coronavirus aid package in a party-line vote early Saturday morning...The relief package now heads to the Senate, where Democrats are expected to amend it next week and send it back to the House for approval before unemployment insurance benefits expire on March 14."

Silver Comex Delivery Update

[Krugminator2]

I stopped out of both silver and soybeans. Will keep on the radar because think one day silver has a nice move left.

[oyarde]

I stopped out of both silver and soybeans. Will keep on the radar because think one day silver has a nice move left.

I'm thinking I'd have waited a couple days . Sun night through Tue it is liable to pick back up , but who knows .

[Meritocrat]

Anyone who was behind the Ron Paul revolution or end the fed should be all over this push to squeeze silver. This is not just about making money, though you will make money if you buy and hold silver. Wall Street Silver is gaining a thousand members every day and they are set to run #silversqueeze billboards across the country.

[GlennwaldSnowdenAssanged]

Anyone who was behind the Ron Paul revolution or end the fed should be all over this push to squeeze silver. This is not just about making money, though you will make money if you buy and hold silver. Wall Street Silver is gaining a thousand members every day and they are set to run #silversqueeze billboards across the country.

Until they are deemed terrorists.

[oyarde]

Anyone who was behind the Ron Paul revolution or end the fed should be all over this push to squeeze silver. This is not just about making money, though you will make money if you buy and hold silver. Wall Street Silver is gaining a thousand members every day and they are set to run #silversqueeze billboards across the country.

Physical supplies are dried up past the point I've seen it since 1964 when I started on silver.

[Okie RP fan]

Bought some more physical silver. Not much - the prices and delivery times are nuts. Even the run in 2008-2009 doesn't compare all that well to what's going on right now.

[oyarde]

I could be wrong but I'm expecting metals to move up tonight , tomorrow and the next day .