Sprott-Physical-Silver-Trust-Announces-AtTheMarket-Equity-Program-to-Issue-up-to-US3-Billion-of-Trust-Units

[motorbikez]

Sprott Physical Silver Trust Announces "At-The-Market" Equity Program to Issue up to US$3 Billion of Trust Units (newsfilecorp.com)

 

This could be interesting, Sprott hates JPM, LBMA, COMEX & co as much as we do, but unlike us he is a billionaire with a lot of fire power. This will make IMHO the bullion banks who continually roll over silver short contracts think a little bit more. I read somewhere very recently JPM have broken ranks with the other bullion banks in this rigged game & they are no longer shorting silver & are actually taking delivery of 1000oz silver bars.

If the bullion banks smash silver Sprott will say thank you very much & take it off Comex, so silver may & I say may start to move up & stay up for more than a couple of days IMHO.

[HerefordBullyun]

certainly interesting times though I am not wholly convinced that publicly that JPM will not continue short silver, they make a lot of money doing it!

Maybe its just a ploy for them to hold more physical so they can continue to short it, they and others control the market.

 

[HillWalkerDundee]

If Sprott "hates" then all that is happening is that he using investors money , rather than his own , to become another Hunt brothers.

[sixgun]

When the Reddit group Wall Street Silver got going it was b/c the founders were banned by admin on Wall Street Bets. WSB wanted the focus to be on GameStop etc and not silver.
The GameStop game is ending in tears for many. 

WSS has now shifted to buying PSLV. PSLV shares do not strictly track the silver price. Initially as shares are bought the price of the shares will rise. As the shares move into premium the trust issues more shares (depressing the price) and at the same time it buys in more physical silver. 
There has been a shift out of SLV and into PSLV.

Jim Forsythe does weekday tweets covering the amount of silver added / taken out of the SLV and PSLV. Jim is a big advocate for silver. He recently joined the Ambassadors over at Kinesis.  @JimForsythe5