SLV
Silver squeeze and its aftermath
The Reddit crowd has sent shockwaves through the financial markets of
recent weeks. Massive short calls were on silver by targeting BlackRock's
iShares Silver Trust (NYSEARCA:SLV). There were also targets on GameStop
(NYSE:GME) and AMC Holdings (NYSE:AMC).
SLV which is up 54.99% on a one year look back period has been a part of
some of the most volatile swings this year.
The exchange traded fund SLV which is physically backed by the precious
metal itself, has just recently advised the funds contributors that it may
be incapable of retrieving enough of the backed metal which is in
accordance with its prospectus. With that being a potential scenario, the
fund may possibly suspend or restrict the issuance of shares.
The swings in flows for SLV have been enormous with a massive $1.5 billion
pumped into the fund just the other week and now large outflows are taken
place. The $17 billion dollar fund has of recent days become more and more
unpredictable and unstable.
|Today, 4:17 PM|41 Comments
Silver squeeze and its aftermath
The Reddit crowd has sent shockwaves through the financial markets of
recent weeks. Massive short calls were on silver by targeting BlackRock's
iShares Silver Trust (NYSEARCA:SLV). There were also targets on GameStop
(NYSE:GME) and AMC Holdings (NYSE:AMC).
SLV which is up 54.99% on a one year look back period has been a part of
some of the most volatile swings this year.
The exchange traded fund SLV which is physically backed by the precious
metal itself, has just recently advised the funds contributors that it may
be incapable of retrieving enough of the backed metal which is in
accordance with its prospectus. With that being a potential scenario, the
fund may possibly suspend or restrict the issuance of shares.
The swings in flows for SLV have been enormous with a massive $1.5 billion
pumped into the fund just the other week and now large outflows are taken
place. The $17 billion dollar fund has of recent days become more and more
unpredictable and unstable.
|Today, 4:17 PM|41 Comments
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