[ATTACH] Thanks for further clarifying @PhillW. Yes, I was aware...

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schmunzel75

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25/02/21

05:36

Post #: 51303211
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Originally posted by PhillW ↑

schmunzel75

Not all ETF's are equal! SLV is managed by JP Morgan and your statement is true with regards to this ETF and the shenanigans they employ by moving unallocated gold from one institution to another as a means to control the silver price. It's no coincidence that SLV's clients include the financial institutions that are heavily short silver. Being unallocated, JP Morgan are helping their bullion mates manipulate the silver price..

PSLV on the other hand is the Sprott Physical Silver Trust ETF and is a closed ETF meaning they only add new units as they purchase bullion and every unit (share) is backed by physical silver (0.3589 Oz per unit) and unit holders have the right to redeem their investment in either cash or bullion. Another words, all bullion is allocated in PSLV unlike SLV which is unallocated. If you buy 2.79 units, you will have one troy ounce allocated to your account. If everyone invested in SLV sold their holdings and repurchased PSLV ETF, that would cause SLV to sell their unallocated bullion to meet cash redemptions and limit the amount of silver that their bullion bank mates have access to, to continue their manipulation of the silver price.

There are groups actually pushing this agenda as a means to orchestrate a short squeeze. Retail clients only need to purchase enough physical silver whether that be from respective mints or PSLV ETF and the end users (EV, Solar manufacturers etc) perceive that there may be a shortage and force them to start buying future contracts for delivery and the game will well and truly be up.

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Thanks for further clarifying @PhillW.
Yes, I was aware that Sprott Silver ETF (PSLV) is one of very few ETF who can be trusted. Unfortunately, they are a minority.
PSLV also allows to redeem your units in physical silver.

Last edited by schmunzel75: 25/02/21
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0 Great analysis

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