Friday, September 8, 2017

What Is Wrong With Silver?

This bull market in silver is totally different from normal. It looks like investors are using higher prices of silver to liquidate their long positions in silver held in SLV:

Note that in August and September (up to date), SLV reported an outflow of 14.7 million ounces of silver, in total. It is really a high amount.

As a result, the current silver holdings at SLV are very close to the amount of silver held at the beginning of the current stage of a bull market in precious metals (two circles marked in red):

So the question is: what is wrong with silver?

1 comment:

  1. Questa settimana l'oro ha superato il prezzo che aveva lo scorso anno quando il presidente Trump si รจ insediato. Questo mi fa pensare che sia iniziata la fase toro per l'oro e anche per l'argento.