Seems some medium size players are also trying to get out of MKR over longer time periods, which is understandable I think given the current state. It also presents opportunities to those of us who aren't so risk adverse.
If Russia can end this war soon(ish) it will be very bullish for gold/silver in the near future. It seems the Ukrainian counter offensive has failed and Russia even thinks it has enough strength to fake extreme weakness. LBMA silver holdings has bottomed out at the max level it can (since most of what is there now held in ETFs). And their total holdings is stagnant the last few months which is very positive news for silver demand in 2023. Obviously if the 2022 demand was declining, or silver mines were outputting more we wouldn't be seeing stagnation in public silver stockpiles.
Going to be some interesting months ahead for us long holders of MKR.
News: MKR Manuka Resources Says Gold Production From MT Boppy Pit Recommences, page-6
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