“Worried” About Silver

Excerpt from Brian Hunt’s “Market Notes”:

6 month SLV

“Silver holds the same “safe haven” allure as gold. It has served as a real, tangible form of money for thousands of years… so people flock to it when they get worried about holding paper currencies. With Europe and Russia’s huge banking problems, “worried” accurately describes the mood across the Atlantic.

“Our chart today shows what worry looks like. It’s the past six months of trading in the silver ETF (SLV). In addition to showing SLV’s price, our chart displays the amount of shares traded each day. Red bars show the trading volume on days silver declined in price. Dark bars show the volume on days silver advanced. The taller the bar, the greater the volume.

“As you can see from the dominance of tall dark bars, investors are stampeding into the safety of silver.

“The money flow here is extraordinary. As The Daily Crux pointed out last week, all we need to hear now is “this time is different,” and we could have a mania on our hands.”

FYI from your editor: I do NOT endorse investing in any ETF, including (especially) the silver ETF “SLV.” If you want the protection and upside of silver get real, get physical.

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2 Responses

  1. Just got out of SLV on monday . I didn’t realize how manipulated that market is when i bought.

    Just purchased some bars so I’m doing my part. Have you seen the markups on silver eagles?

  2. Now that the SLV ETF officially has the “largest” known hoard of silver in the world

    Now that the offtake of real Silver has been steady and increasing into the belly of the SLV beast

    You just gotta wonder-

    Why the heck is the price still 13 bucks?

    Realistically – wouldn’t that kinda punch a hole in the supply of available silver?

    D Morgan stated recently that mining had closed the shortfall but with base metals in the tank and pure silver mines struggling with prices at or near cost you just gotta wonder

    Realistically – where is the silver going to come from to feed this SLV beast?

    –OR–

    Is there a simpler, more nefarious explanation?

    Are there multiple concurrent owners of this silver hoard?

    And when might a fractional reserve storage scheme
    come off the rails?

    Stay tuned …..

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