Reddit Posts
Thoughts on this? Could this lead to a GLD gamma squeeze?
PSLV vs THE WORLD - Must read for gold and silver bugs.
ELON MUSK BUYS SILVER, HAS ANNOUNCED
PSLV is doing great, silver is doing great
as predicted in my post a couple days ago a crash seems more and more likely and also as predicted the price of silver is falling...
The hiking cycle is almost over, why the fed is full of shit
Is HYMC a Piggy Bank for it's Investors and Can We Profit? Some DD
Squeezing Silver - wallstreetsilver sub
Buy PSLV or physical silver platinum and Gold. is the best deal right now as they seem to be picking up the pace of increases on daily basis since world war 3 has started.
3/2 Bond market had me in knots last night (& dirty bird inflation)
Palladium stock alert... White House tells chip industry to brace for Russian supply disruptions
Seeing lots of apes promoting PSLV ...
When will the apes unite? When will we buy as one?
The Fed is trapped, they have to hike rates, but they wont make it very far before breaking the markets this time. I predict only 5 rate hikes this cycle, details below
Apes Together Strong! Let's just squash the beef and unite!
I am hearing BofA is 800mz short in Silver
Any one picking up PSLV before Dec 3rd?
Good Stocks to buy under High Inflation? Or on the other hand during Fed Tightening their Asset Purchases?
The Sprott Uranium fund is a self reinforcing buying machine that will propel it to stratospheric heights
Platinum is about to soar, so get allocated platinum (SPPP) now
Platinum is about to soar, so get allocated platinum (SPPP) now
Chaos in South Africa may cause a COMEX default
Lots of bullish constructs in progress when you zoom out
Lots of bullish constructs in progress when you zoom out
Rrp explosion , inflation spike and results for precious metal
Thoughts on car companies P/E ratios? Most under 10 which seems really low to me
I just saw this once in a lifetime breakout line ! Something bigger than expected right around the corner. Holy smokes everywhere !Insane full is
Now primes for an explosive move . Chart don't lies .
This is life-changing moment if played right READY FOR BOTTOM
Buy physical silver, break the wall street manipulation.
Help Me Understand Difference Between $PSLV and $SLV ETFs
Inflation is here, but the media do a poor job covering it. Here is a brief DD having followed this topic closely since 2008
Silver already exploded…the light just hasn’t reached your eyes yet. Now, we wait.
The market is giving us an absolute gift with these inflation numbers, it’s time to load up the truck, PSLV
Instead of trying to decipher Silver related stuff, like COMEX/CME/ICE/Vaults/Mints /Lending/Borrowing/Derivatives/Allocated/Unallocated/SLV/PSLV/ETFs/Mining Stocks/Bullion Dealers/LBMA/OTC blah blah blah, on YouTube, of regurgitating the same old crap, KNOW THIS:
It's working: we are draining COMEX with PSLV & Physical Silver and fighting JP Morgan Silver manipulation. r/wallstreetsilver
Uranium market update, one of the biggest catalysts to date is about to be in place.
Silver YOLO - $1mm in PSLV shares and SLV calls
Precious metals bull market is here -- best entry is 🥈 via $PSLV, but dont wait too long
Unusual futures activity is incredibly bullish for the metal, the rocket boosters are firing, get on or watch it leave
Inflation impulse sets off precious metals, once they get going it can snowball quickly. Some advice for anyone looking to jump into Silver or Gold
Silver is a Deep Value play, and has the potential for a Mother of all Short Squeezes
Buying more PSLV and some physical platinum in the am. Kick ass!
Listen up Guys- Text Edited- Also No Caps This Time
$SLV is toxic waste, sell now. Break the most corrupt market ever, buy $PSLV (yuuuge difference as Donald would say)
$SLV is toxic waste, sell now. Break the most corrupt market ever, buy $PSLV (yuuuge difference as Donald would say)
$SLV is toxic waste, sell it now. Break the most heavily shorted market ever, buy $PSLV (yuuuge difference as the Donald would say).
Why I went from long to short on Boomer Silver (GAY BEAR ALERT)
300,000 Troy Ounces of fake SLV DUMPED for PSLV!
SLV is a complete scam, its a scalp trade set up by banks to screw over investors. Avoid it at all costs. The silver market is and has been rigged for years
SLV is a complete scam, its a scalp trade set up by banks to screw over investors. Avoid it at all costs. The silver market is and has been rigged for decades
Smoke alarms are ringing in the silver market, another generational bull market has begun - The ultimate silver DD. $PSLV $SILJ
Bought more GME PSLV and actual SILVER cause space cadets dont take fake fiat
$SLV is a shady-a-f black box (vs. $PSLV, $SIVR, other silver ETFs)
PSLV is the one to buy and hold
Goldman Sachs, SLV, SIVR and Robinhood has confirmed that the silver buying is affecting them. Let’s slay the evil in the bullion banks and make generational wealth for you and your family. Buy PSLV and physical. This will be the battle our our lives!
SILVER, the investment that has no risk and infinite possibilities! DD on $PSLV and more!🚀
GET OUT OF $SLV NOW IF YOU ARE LONG SILVER !
Mentions
There are big, established dealers on the internet with fair prices. Their sites will quote spot price plus/minus their sell/buy premium for each product. Do some comparison shopping and read independent customer reviews. Stick with gold and silver American Eagles, preferably one-ounce. ETFs are worth allocating some money to, but not a substitute for physical. I like PHYS and PSLV, as opposed to GLD and SLV. But all paper and custodial assets have risks. Everything has risks, even the physical (theft/confiscation). If you believe in the bullish fundamentals for PMs, we are now trading sideways for a bit before the climb resumes, so it's not too late to buy. You have to ask yourself whether your paper dollars will do better.
It's a painful ride. Thankfully my SQQQ and UAMY outperformed my PSLV position today so I'm well green, but can't say I was thrilled with the silver hedge performance. Should've cashed out on PSLV +2% premarket.
PSLV, and maybe some strategic withholding miners such as AG, mentioned, have purposefully avoided the risk of paper trading decouplimg.
SQQQ, UAMY, PSLV are my moves
I did PHYS but wish I’d added PSLV
Thank God for NFLX & PSLV. My portfolio of only shares (11 holdings) finished green today! 😊
Inventory of silver in vaults is getting historically low so investors worry that even PSLV won’t have enough silver to back up their paper promise and physical decouples even more from paper ETFs. Also paper can be bought on margin and when COMEX raises margin requirements as they have leveraged buyers have to sell to cover those leveraged buys so PSLV and SLV can sell when spot goes up. Things should even out at some point when leveraged buyers and shorts are shaken out of the ETFs as spot rises. There is risk in owning paper ETF and there is not enough silver to back it up so investors loose confidence and price drops.
People were not exaggerating about comex and slv. I was up too and sold for a small loss. Put the money in shares of SIL and PSLV now
Price goes up? I dunno. I’m long PSLV, I just like to see it go up and down to feel feelings.
yea im falling into that trap my brain says PSLV because otherwise they can fuck with it infinitely but my degen heart keeps me buying SLV options because i yearn for options
Yes I agree that the math is not matching their published numbers. One problem is playing with SLV doesn’t require them to have physical you have to use PSLV to force the squeeze. Lot of people just playing options, and get wiped out playing by MM’s game
SPHCF is the copper equivalent of PSLV
lol, I didn't. Wish I had the balls too........I did manage to sell my PSLV 2 days before the crash though. All good.
Its a leveraged fund, I get it.......not that difficult to understand. I sold my PSLV 2 days before the crash. Then bought half as much AGQ at about the bottom. Less than half my capital is on the table and I stand to make double what I would have owning PSLV. I wish I had the balls to short it...........
, Wall Street is launching a new "100-Ounce Silver" contract (SIC). They are calling it "democratization," but it is actually a financial filter designed to kill the silver squeeze and protect the banks' short positions. The 3 Reasons This Is A Scam: Zero Metal, All Paper: This new contract is "Financially Settled." If you buy it, NO SILVER leaves a vault. You are simply betting on a number controlled by the banks. The Dilution Machine: Because it's cash-only, banks can print an infinite number of these contracts. They are using retail capital to "soak up" the buying pressure that would otherwise break the physical market. The PSLV Killer: They want investors to leave PSLV (which actually holds physical bars) for the "convenience" of this new paper sandbox. If retail leaves PSLV, the banks keep their bars, and the "Long Con" continues. The Bottom Line: If you can’t touch it, you don’t own it. Do not trade in their "Paper Sandbox." To end the manipulation, we must stay in assets that drain the physical vault and ignore the bank-controlled parallel universe.
Buying PSLV, XSPI, XQQI, XBCI, SCHD, IAUI, IYRI
Well, more paper than pure silver like PSLV.
Were you thinking PSLV? SLV is paper PSLV is physical.
If you plan to enter for silver’s 2nd act… consider PSLV instead.
It did go into why it was proposing this strategy. It's just too much to really post here. I guess it was saying that PSLV has a lot more potential upside if things get squeezed. But don't go full port for safety.
Bro how? Options? I bought PSLV and various silver/gold miners and ETFs and all of them are green positions lol
I went down the rabbit hole with Chat GPT on this stuff for how it stacked up with March. Basically, if you wanted to try to make some money trading, it suggested holding a mix of 50% PSLV, 25% SLV and 25% miner to hedge your bets on how it plays out. Do with that what you will.
PSLV is better for 95% of use cases. The only advantage SLV has over PSLV is greater liquidity. PSLV has every other advantage. Canadian jurisdiction, better inspection regime, better contract details, etc.. As for SLV's greater liquidity - you have to be frequently trading very large amounts for that to matter. Basically SLV is more famous & otherwise for people who want to lose their shirt day-trading ETFs.
Well since OP is asking about ETFs, would it be wiser to hold SLV or PSLV going into March? Someone might say miners.. anyhow, thoughts?
Just IMO but the biggest risk is not Comex default (however, it is still possible) but export limitations. For example: your contracts have settled, you have your silver at CME-approved werehouse but you can't take it and ship to China/India/whereever. Then the Comex price (as well as all derivatives bound to it) will collapse. On the other hand, MCX, SHFE, SGE and physical prices will skyrocket to the Moon. Sure it is not 100% possible risk and Canadian PSLV may survive some apocalyptic scenarios but physical is always safer.
Buying XQQI, XSPI, XBCI, IAUI and PSLV
In a similar situation lol, I bought PSLV when it was 30 and now it's 24.32. Down 600usd
You can’t even do options on PSLV - hard pass. That other guy said ZSL, which has options… I like it, if I buy puts, I think SLV is going up. Get to play both sides
Robinhood quietly added PSLV so that when SLV is raided they can pretend like they were offering a choice to their customers. If you are considering buying the dip, buy PSLV
It actually means it is now a better time to buy PSLV and sell SLV, or at least swap your SLV position into PSLV to pick up the 10% discount.
PSLV is 100% backed by physical. SLV is backed a little bit by futures and rumors are that the managers have secretly lent out a huge amount of the silver. If China and India demand a ton of silver delivery in the comex, that is very different from buying SLV and demanding delivery. PSLV would be fine for sure but there is a nonzero chance SLV would close itself down and everyone gets settled for cash while silver is moving up in an insane parabolic move
Dumping SLV I bought at $68 and picking up some PSLV.
Most people don't bother buying precious metals at all; it's a specialist approach, and buying through a trust vehicle like PSLV is even rarer. That's why you're not going to see a lot of casual conversation on this; it's not a casual topic. (Another good reason for "index funds and chill"). Anyway, at this point your best bet would be to amend your previous taxes as far back as you can (\~3 years), if that's even possible, to try to retroactively file form 8621 and benefit from LTCG rates today. It may or may not be worth it to you to hire someone to do that for you; you may not be facing enough tax to justify that.
Did I just mess up? Question about selling PSLV in a taxable brokerage account… I bought PSLV in my Schwab brokerage account 6 years ago because it was supposedly a better vehicle with regards to taxation for buying silver. (2020.) As it was 6 years ago, it’s labeled as a long term hold in my account, so I’ve always assumed it would be taxed as such at 15%. I just sold most of it…I had never heard of filing QEF or 8621 until today…assumed it would be taxed at 15% like any other long term stock/fund in my account. If I just go about my usual and file my taxes (using freetaxusa) with a gain from PSLV, will the software heavily tax it? Even more than my regular income tax (25% I think) rate? What are the added interest penalties? Is there any way to avoid it? Can anyone who has been taxed this way share the numbers? I may have held if Is known… And then, what I have left, which is just 10% of what I had - can I have it transferred to a Roth account? (Can you transfer these assets into a ROTH? So I don’t have the same sorry situation later? Or will it be taxed going to it that too?) I’m shocked I was supposed to have filed a QEF form long ago, and annually, that is rarely discussed in forums, and was never mentioned by any financial advisor, etc... It seems PSLV was only a better way to hold silver IF you file QEF and 8621 annually…wouldn’t that be an important tid bit to mention in casual convo…anyway. I learned something new that perhaps others may want to hear. I sold some in October 2025 ($5000 proceeds), and some in Feb 2026 ($5700 proceeds.)
Can you explain this more? I bought PSLV in my brokerage account 6 years ago because it was supposedly a better vehicle with regards to taxation for buying silver. As it was 6 years ago, it’s labeled as a long term hold in my account, so I’ve always assumed it would be taxed as such at 15%. I just sold most of it. I had never heard of QEF or 8621 until today… If I just going about my usual and file my taxes with a gain from PSLV, will the software heavily tax it? How much? Even more than my regular rate? What are interest penalties? Is there any way to avoid it? I’m kind of shocked I was supposed to have filed some QEF form long ago that is never discussed in forums. It seems it’s only a better way to hold silver if you file QEF and 8621…wouldn’t that be an important tid bit to mention in casual convo… Any way to avoid it now that I’ve sold? (I sold some in later 2025, and some in 2026.)
Flash crashes are the result of algos racing each other in the same direction, and that result is undone quickly - hence the "flash" part. When market is all-in (as shown by this data on picture above), there is minimal liquidity for chasing price, and (normally) there is a lot of leverage in one way; once the price drops a red rod (as with silver on Friday), liquidations start instantly, then escalate, activate algos, escalate further, and it doesn't stop until most or all leveraged positions are liquidated. So the magnitude of such correction is defined by the total size of leveraged positions. Non-leveraged can hold the bag, leveraged have no choice in the matter. The chart shows this: the "knee" where chart shifts gear is the level at which leveraged liquidity bought in. I marked the days when these shifts happened in PSLV, also the day (or level, \~50) when volume hard-switched from physical (PSLV) to leveraged (AGQ). That is the level where selloff may land on hard floor - PSLV will not sell its stash now, not at 50 silver. https://preview.redd.it/oqptr4h06ahg1.png?width=3440&format=png&auto=webp&s=9b131ce31544e074463abd8ec08eebab8d304774
Buying PSLV, EPD, ASML and SPYI
I lost 30% Friday in a Silver ETF PSLV Any thoughts on where the price of silver will be in say 30 days?
Unfortunately there is not enough silver in existence to meet the current demand. The silver that trades on the market is mostly pretend, paper silver unless it's a physical silver fund. PSLV The paper silver dumped in value, go out and try to buy actual physical silver and see what you pay.
Nah. The more I read about silver the more I'm convinced the parabolic rise will continue. The recent crash was mostly flushing out weak leveraged longs. The banks are having a hard time keeping vaults full and silver production may actually be falling slightly as demand is ramping up. One way to think about it is like this: there is a ten dollar difference right now in the cost of a silver etf vs physical silver. I'm pretty convinced in 2-3 months we'll be right back at silver over a hundred an ounce and perhaps higher for SLV and PSLV and etc.
Yeah I got in on PSLV for about 10 days. 10k turned into 12.5k and I exited. But if I had stayed until the silver high, it would have been 3.2k profit. Oh well. At least I profited 25% in 10 days. GLTA.
More nuanced than that's. UBS SDIC silver futures surged running 36% higher than the Shanghai Exchange price which itself was running 20% higher than comes pricing and about 10% higher than London pricing. People started trying to take physical delivery of their gold and silver and one of the major trading platforms JWR had been rehypothecating their silver (aka they were paper selling multiple oz for each oz their sold). That's literally how the SLV ETF works, the only ETF that doesn't is Sprott PSLV (physical silver) and Sprott PHYS (physical gold). However, JWR lied and effectively triggered a run for physical metal and ended up collapsing. Asia market was already down 8-10% before the new Fed Chair was even announced which further sparked concerns for metals as USD rose 1% and the new Chair is known for being Hawkish so the market is assuming he won't cut rates (rate cuts help metals pricing more so because it increases inflation fears). On top of that a whole lot of hedge funds have been losing tens to hundreds of millions trying to short metals during their rise so as soon as they saw the opportunity to naked short paper metals they grabbed it. On TOP of that the CME in Chicago raised margin requirements again except by 46% causing mass liquidation for leveraged longs, and then the drops triggered stop losses for retail, and then people panic sold. It was such a uniquely terrible "perfect storm" that it makes you wonder if one of the bullion banks was staring down insolvency from shorting metals and needed a coordinated effort to get dug out. In any case, China did select 1hr halts of commodities trading and very likely we see 115+ again by March if not sooner. Ultimately if you zoom out its like "wait so the market realized there's not nearly enough physical silver and gold available to purchase... And reacted by selling 1.25 billion ounces of paper silver... Equating to 2 entire years mining production. Makes sense in upside down land.
I put $500k into PSLV when it hit 33% down for the day. I think a lot of people did, because it bounced off that low like a rubber ball. I finished the day 7% up. Of course it could keep marching downward on Monday in which case I will be handed my arse, but I'm hoping it has a bounce.
Nice discounts to NAV on CEF and PSLV
Added 500 shares of PSLV about an hour ago.
keep stacking PSLV and MNS
I bought $12,000 PSLV, well...it's on sale!
I agree. The majority of my Gold position was bought when Gold was under $2k. I bought $PHYS and $PSLV today. The $PSLV silver position is already dpwn 11% in a little over an hour. Never go all in at once.
I asked for a dip in gold & silver and we got one so I bought both. I like $PHYS for Gold and $PSLV for Silver. The rally for precious metals could easily be over but sitting on your hands isn't going to get you anywhere.
I got into PSLV at $20 in December and profit took 75% of my position at $36 two days ago. Said I'd let the remaining 25% ride. I'm over here crying about the remaining 25% of my position but I really shouldn't be a bitch and just take pity in the people who got rugpulled today.
I just BTD in $PSLV with the knowledge that silver might go back to $30.
Ok if I can catch the next pump and dump I'm gonna rotate to PSLV. Famous last words btw.
PSLV at least allows for physical delivery
You can own PSLV parent co SII, which earns more fees as people pile into various metals/mining etfs. Otherwise, I think PSLV is a fine choice as options go.
Here's what grok said about SLV vs. PSLV: [https://grok.com/share/bGVnYWN5\_fec5870e-4ec6-4729-98a3-610683cff524?rid=a3d1da04-b00d-427c-bf4f-a01727a88287](https://grok.com/share/bGVnYWN5_fec5870e-4ec6-4729-98a3-610683cff524?rid=a3d1da04-b00d-427c-bf4f-a01727a88287)
The real question is: did you buy her PHYSICAL gold/silver or just paper SLV/PSLV/etc? If you can't lick it, you don't own it...
PHYS, PSLV has better tax exposure if you are going stocks. Hate to sound like a broken record in here but it saves you money. Sprott also has some platinum and uranium plays but I don’t understand them as well.
If you are doing stocks, use PHYS and PSLV as they have better tax exposure as a stock rather than a collectible. Platinum is SPPP
I had a look at your history, you have some beautiful stuff:D Since you are the silver expert, can I ask you if you are invested right now in equities that have to do with silver? For example the ETFs SLV, PSLV, SIL, SILJ or individual companies? I watched this video featuring Rick Rule [https://www.youtube.com/watch?v=RVacfj1eDYU](https://www.youtube.com/watch?v=RVacfj1eDYU) and he's saying that there is a lag in the stock prices of major (not junior) silver miners because silver moved up a lot very recently and this wasn't priced in, example Pan American Silver production guidance for 2026 mentioning $70/oz as average silver price [https://panamericansilver.com/news/pan-american-silver-achieves-2025-production-guidance-and-provides-guidance-for-2026/](https://panamericansilver.com/news/pan-american-silver-achieves-2025-production-guidance-and-provides-guidance-for-2026/) . GDX is +200% in a year compared to GLD's +93%. On the other hand SIL is up +249% compared to SLV's 284%. My logical conclusion is that the big silver miners will crush their earnings that are coming in the following weeks and raise guidance, does this seem too obvious? Even in a bad case where silver falls to $70/oz, earnings will go up a lot, and if silver stays above $100 which seems an average case at the moment, it's another +100% in earnings. Do you see a good play here for 2026? I bought 100 shares of Pan American Silver at a high price of $67.70 during the overnight session 1-2 days ago and I am +60% on South32 since October. I don't have cash to buy unless I sell something else so I was thinking about selling aggressive puts for earnings of American companies like Wheaton, Hecla Mining, Endeavour etc. one company at a time, I close one then after I open the next one. Or I could just sell SIL puts. Any other strategies you would consider?
Calls on miners and shares of PSLV. No idea what will happen to SLV since they usually buy COMEX silver and change the tag on it to "non deliverable" when emitting shares.
PSLV outperforming SLV again
FOMO'd into PSLV, let's goo
Same, wishing I had bought SLV. I believe PSLV can be manipulated by big players shorting it while they do the arbitrage. I'm switching to SLV and taking the hit. This mistake has cost me like 20k of gains...
For the silver trade people. Look at look at PSLV? SIL and SILJ? PSLV is illiquid and trading at 10% discount (ask AI for better explanation) The miners are also known to catch up later when their revenues hits. I am beating myself for not buying AGQ a month ago but still made some good money after hearing China is restricting export. If history is anything to go by, I think gold silver ratio can go as low as 35 or 30... (Right now at 45)
I'm satisfied with 41% returns on my PSLV holdings ytd. I understand what I'm buying. All good here. Best of luck!
According to my Schwab account stats, volume was about 33x average today, at 39.5 million shares, worth about 14 million ounces of silver. SLV traded 215 million shares, worth about slightly less than that many ounces, and less than 2x the daily average. As you can see, PSLV is tiny compared to SLV, and had an astronomical increase in volume. My uneducated guess is somebody big needed to sell a bunch and this caused the divergence. Caught up a bit in after hours, so I’m hoping this was temporary.
Half of the ETF is cash and not real bullion. Half is real bullion that could be seized by Comex if they really need to, to fulfill their empty promises of future contracts. PSLV is different.
I saw the same thing. I specifically invested in PSLV over SLV because they're supposed to be 100% backed by physical silver. And since retail investors (who own at least 10,000 Oz) can redeem their shares for physical silver, this gives me confidence that the silver's really there. I thought PSLV was the closest I could come to investing in physical silver, but it's confusing when PSLV and spot go in opposite directions.
If you track PSLV vs Blackrocks iShares (SLV) you'll see them move mostly in correlation for the last 6 months, some days a bit more of a spread that others but mostly in a similar range. Until today, something happened a little after 3pm, Bullion and SLV were going up and PSLV headed straight down........ruined my whole evening. ;)
Why are PSLV and SLV diverging… why do I hold the one that is red?
Could also just be that it is trading above/below its NAV. You can calculate based on how many oz of silver the trust holds. With PSLV, you are able to exchange shares for silver bullion (you need a lot of share to do so tho) so if it is actually trading below, you’d have an arbitrage opportunity. My guess would be that it’s not that far off from spot price (NAV / total shares)and the etf was relatively overvalued earlier this year, hence the divergence ytd.
OK, but 15% for YTD seems like a large divergence, and the difference between PSLV and spot didn't occur after hours (at least not completely). Today, there was a large discrepancy during trading hours. If I understand you, I'd expect PSLV to rise tomorrow (or soon) to catch up to spot (assuming spot doesn't fall overnight). Again, if I'm understanding you, why wouldn't everyone just buy PSLV if it's a known that it has to catch up?
PSLV share price daily gains/losses are indexed against prior trading day 930am-4pm eastern time open/close performance. Spot silver trades outside those hours and has been volatile recently. PSLV generally trades in line with silver spot but its performance may not match as it’s not indexed against the same time period.
It's because I'm in PSLV
Silver is the win and PSLV is the way to go
PSLV here but my gains are shrinking.
Sold 2/3 of my PSLV today. It's probably still going to go up, but I hope it doesn't, honestly.
No. I bought three weeks ago. Just took profit. If you are not sure, buy PSLV stocks. It is custody by the Royal Canadian Mint vs SLV is custody by JPMorgan Chase
Take some portion of what you have left, and take the slow path with diversified for a while. Reserve tank: 1/3 VXUS , 1/6 PHYS, 1/6 PSLV, 1/3 JBBB. You are young. You have lots of time to make it back. Hang in there.
Have you looked into PSLV?
I find it interesting that PSLV is outperforming SLV a little.
Paperhanded 50% of my PSLV after months of watching it. Only 15k principal when I started but I decided it was time do some profit taking, felt greedy to wait any longer.
Cashed PSLV at 21% prof, didnt have a massive stake but prof is prof
Kind reminder that Comex and LBMA have 300 paper futures claims for each bullion bar they actually own, and that half of SLV ETF are made of those paper claims... Real exposure to silver is either PSLV, physical bullion or the miners that really have it at hand
Important to note any physical you consider should be fully allocated, PSLV is don’t know about others
I took a Silver short based off this post. Via PSLV Still sized small, no leverage …but will size up this quarter.
I think foreigners who invested in the USD will be hesitant to go back to US debt instruments and US equities. I think there will be time to rotate back if you so choose. In the meanwhile, I’m in PHYS and PSLV to avoid the higher taxes on gains. If there is a minor pullback, or you choose to buy more in a non tax advantaged account…