PSLV - Sprott Physical Silver Trust Could Be Behind Elevated Silver Deliveries
Record demand for physical delivery of precious metals on the Comex continues apace. I have been covering an ongoing physical gold short squeeze on the Comex at length. What about silver? The situation in Comex silver is different from Comex gold futures, but has key similarities. There is no danger of a squeeze on the bullion banks in silver, AKA the swaps specifically, since their short position in silver is nonexistent. However, like gold there has been a clear surge of demand for physical delivery this year, and judging by the amount of contracts that