Reddit Posts
Pre-Market Gainers and Losers for Today (May 15, 2026) 📈 📉
What Happens if COMEX Cannot Deliver Silver - "Force Majeure" Explained
How safe is PSLV and what do you guys use as the alternatives?
Why the divergence between PSLV and silver spot price?
I have no income... I'm going to have to pay > 37% tax on my PSLV profits
PSLV in Fidelity brokerage account - is there a way to sell without incurring tax on the gain?
🚀 SILVER YOLOs: The "Shanghai Shield" vs. The CME Margin Trap. Why Tomorrow (Jan 14) is the END GAME for Paper Shorts. 🚀
The country that processes 90% of the world’s silver is almost out.
A lot of the takes on silver miners and silver itself on here are crap. Here’s what’s happening: Silver’s Christmas Miracle
https://www.investing.com/analysis/silver-how-record-backwardation-could-ignite-a-tripledigit-rally-200668421
Physical gold, silver & gold miners have outperformed S&P500, Nasdaq & NVidia YTD
GOLD AND SILVER MEGA TRADE MAY11 2025
A new alternative way to own hard assets all in one.
Stock is up 160% in a week after company revamp, CEO buying heavy, new reputable advisor on board. Worth a look?
SILVER SQUEEZE CALL OPTIONS & SHARES YOLO UPDATE FOR FRIDAY, APRIL 11TH 2025
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!
Mentions
I'm 30% silver related (PSLV +SIL) but I've not gone into TAN. probably ought to throw a few percent at it since the price is somehow lower than it was 4 years ago. DO you know what that's about? The macro environment for solar seems way stronger today than it did 4 years ago, so why's it priced lower?
So there's "paper silver" (SLV, ie derivatives) and "real silver" (physically buying it). The true believers want you to stack obviously which is time and margin inefficient (have to go to a store and they'll never let you sell to them for 100% of what it's supposedly worth). But they aren't wrong when they say the "paper silver" isn't backed by anything and could got to zero in a true supply crunch since there's like 100x more paper silver than there is real silver backing it up. The happy middle ground is PSLV, which is backed up by real silver in a real warehouse big investors can take real deliveries from with real legal protections. Best of both worlds for owning silver itself imo. Though the real volatile and high upside play is silver miners. If silver prices go up 10% PSLV will go up about that much, but the miners are valued on profits so that 10% jump in silver price could mean a 50% jump in profits (their operating costs remain the same, but revenue went up 10%, so if the previous profit margin was 20% it's now 30%). Same for downside though if silver prices fall. SIL is the ETF for larger silver miners, SILJ is for smaller, even more risky/high upside miners. My silver is 2/3rd PSLV 1/3 SIL for whatever that's worth, no real reason for that split just works for me mentally. Again though, the volatility is brutal so be thoughtful in how much you invest and try to not let yourself deviate from it amid the chaos. Honestly forgetting you own it at all is best.
I went full port PSLV Thursday and Friday. Expected an offramp this weekend. Tick, tick, boom.
You lost money on SLV? All silver stocks and SLVR/PSLV have been pretty solid for me! I remember when purple was being posted all over the place lol. https://old.reddit.com/r/wallstreetbets/comments/lcgce1/1100000_purple_mattress_yolo_update/ Maybe I'll throw $50 at this shit just in case of a rebound
Opened a position in $PSLV (Silver). That $SOXX bubble money needs to find a home somewhere as weak hands exit the AI circle jerk bubble.
No, you are always paying above spot to buy and get paid below spot to sell. It’s an absolute racket. Just trade PSLV if you want it backed up by real silver, but I did fine trading $SLV last year.
I sold my Gold and Silver last week. Both are going down further and I’ll buy back the dip. Silver to $50 and Gold to $3600. I prefer Sprott PHYS and PSLV both backed by 100% gold or silver. GLD and SLV are too volatile (paper contracts)
Look at selling otm calls on itm GLD leaps. Also don't overlook PSLV or AGQ, silver is going to run over the next 2 years.
I never gave up on you, SIL and PSLV
Glad I sold out of PSLV today so I can get back in tomorrow.
I was able to trim PSLV and am ready to buy back after the bombs start dropping again.
Trimmed some PLTR to increase PSLV just now
I trimmed some $NOW for $PSLV just before close. Missed the absolute low though.
After falling for the parabolic run up earlier this year, I trade PSLV within a range but treat it just like anything else.
Got an entry back into $HAL with $PSLV profits, so it's a good day so far.
Uhhh, PHYS, PSLV The market is seriously sick esp for for tech/AI. Oil prices aren’t going down anytime soon, ai bubble is 100% here, those companies are getting bombed and targeted, taiwan is endangered now more than ever, our market only goes up and to the right because we print money and people buy our bonds. Rn the entire world order is reshaping according to the most important ppl on the planet and that’s going to be a violent transition for a while You wanna do an AI/solar/renewables play? Buy silver You wanna put all ur eggs in one big senile orange basket? Go ahead
I sold a week after it started. I'm still holding INTC but bought oil like DVN and my DOW is finally even. I also dumped gold miners but still hold GLD. Planning to buy PSLV later. Miners are not profitable if oil hits 200. It's better to hold the raw material instead.
I wished for these prices a few months ago. I'll start nibbling this week at certain levels. More GOOGL, PSLV, NFLX & RIVN. So glad that I stopped gambling options.
PSLV & SLV anyone?
PSLV is looking like a snack with inflation incoming. Thoughts fellow regards?
I took a look at your Pslv. It’s essentially a silver spot price , but the “trust units” are very Sus. I read the prospectus a bit but if I were you I would look into the “shelf distribution “ addendum. The fact that all distribution policy are in omitted addendums is very sus. Shelf distribution sounds like manipulation of the etf price, when silver spot drops. In the end, you are paying them to buy silver and they get to own it. Do they buy exclusively from the Canada mint? Or internationally? I would worry about trust units dilution. For me, holding physical allows me to decide how much and of what type of silver I buy or sell. With the way JP Morgan is amassing physical silver I think they are primed to manipulate the western spot price in attempt to wage financial war with China, thus western spot price is highly suspicious. Also, the initial distribution of PSLV is 2 Billion units, but how does that equate to your units? It should look like this: ( X OZs x Y units = Oz per unit) if I were investing I would track Oz per unit over the history of the fund since 2010, also how many of the 2 billion units have been distributed? Distribution schedules? but do you get reports about how much actual silver they hold and what it is? Etc? Conclusion, I don’t typically like the metals ETFs , but I understand and trust this one even less as I read more. Just buy actual physical silver, hold it until thr ratio to gold value is correct, then swap for gold. In this way you increase the value by swapping silver / gold when the values are e right, but do not run out of room etc. The value of the metals has done as good or much better than any etf you can show me, so why create a middle man?
May I ask you something? The only metal I own in my portfolio is PSLV. I’ve been buying everytime it dips. But I worry that it’s already overvalued and I’m just gonna slowly lose money. Your comment actually got my attention and makes me feel better! So thank you!
Made money on puts I bought yesterday, then made more on puts I (ill advisedly, based on recent history) bought midday. Too bad all my 401k shit is shitting the fucking bed. Meh. DCAing into defense stocks, a bit more PSLV and have limit buys for a bunch of other stuff if we keep going down.
Bought small position in PSLV Why? Yesterday I thought man I wanna start shorting it. Inverse
Haha you have to be joking!?!? Have you read the prospectus? If you want a physical silver ETF that is audited by a 3rd party (and also makes the audit results and serial numbers of bars publicly available) then you should consider switching to PSLV. Fully verifiable with all bars stored in the Royal Canadian mint vault. SLV is paper and you will find out the hard way if the fund ever collapses like the Private Equity funds are collapsing right now.
Starting to wonder if I should trim my PSLV position and and put it into something else
The overlap between your all-world and Nasdaq is real but not a dealbreaker — you're basically just overweighting US tech, which has been the right call for a while. Bitcoin goal is fine as long as it's the speculative slice and not the foundation. At your age the real superpower is time. Seriously consider carving out 5-15% for precious metals though. For gold, IAU is the easy entry point (cheap, liquid, physically backed) or PHYS if you want allocated storage and better tax treatment. For silver, consider PSLV. Silver especially is in an interesting spot right now with 6 straight years of demand outpacing supply, aboveground stockpiles getting drawn down every year, and industrial consumption hitting record highs. And I'm not talking about WSB hype — solar panels, EVs, and AI are eating silver faster than mines can dig it up. That gap keeps growing. So 250-300€/month at 21 and you already have a plan! You're already doing more than most people twice your age. Stick to it and keep asking questions and learning.
You should have bought PSLV
Solid setup overall. SGOV and BOXX are smart plays for capital preservation right now. One thing worth considering given how tech-heavy your brokerage already is — a small slice of your safe money (maybe 10-15%) into precious metals ETFs could add some diversification that doesn't move in lockstep with your stocks. IAU or PHYS (Sprott Physical Gold Trust) for gold, and PSLV (Sprott Physical Silver Trust) if you want a higher upside allocation with more volatility. They've been doing their job as a macro hedge lately and tend to move independently of equities. Not saying go heavy, just that having some exposure alongside your T-bill position isn't a bad idea when your main portfolio is basically a Mag7 bet.
Let’s PSLV to the moon tomorrow
Just buy something like Sprott Physical Silver Trust, PSLV…
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)