Yea, good move in the silver price last night, start of a trend perhaps? Silver supply was in deficit last year and this year is going to be worse. I can't see them keeping the lid on this for much longer, the greener the planet becomes the more silver is going to be needed. Some of the big instructional banks in the USA have massive short positions which will have to be unwound soonish, BOA is reported to have a massive short position of over eight hundred million ounces, now that's a lot of silver. The movement in the price of silver will be mind blowing when they have to come to market to cover these shorts.
All imo and DYOR
KIND Regards
FINN
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5 | 305180 | 0.083 |
6 | 529000 | 0.082 |
5 | 183450 | 0.081 |
25 | 1123061 | 0.080 |
Price($) | Vol. | No. |
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0.086 | 2218536 | 2 |
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