Window of Opportunity #18, David Kazmerowski (Saatchi Art)
Introduction
Welcome to my Silver weekly report.
In this brief note, I wish to discuss my views about the silver market through the Aberdeen Standard Physical Silver Shares ETF (SIVR). SIVR is directly impacted by the vagaries of silver spot prices because the fund physically holds silver in London.
To do so, I start by analysing the changes in speculative positions in Comex silver futures contracts (based on the CFTC statistics) and ETF holdings (based on FastMarkets' estimates) in order to draw some