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Bullboard - Stock Discussion Forum First Majestic Silver Corp T.AG

Alternate Symbol(s):  AG

First Majestic Silver Corp. is a Canada-based mining company focused on silver and gold production in Mexico and the United States. The Company owns and operates the San Dimas Silver/Gold Mine, the Santa Elena Silver/Gold Mine, and the La Encantada Silver Mine as well as a portfolio of development and exploration assets, including the Jerritt Canyon Gold project located in northeastern Nevada... see more

TSX:AG - Post Discussion

First Majestic Silver Corp > Might explain what happened on Friday
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Post by mattbigham on Jan 24, 2021 1:05pm

Might explain what happened on Friday

Massive Silver Bets as Treasury Wants More Trillions


Simultaneously this week, as Janet Yellen was selling our spending many more trillions we have not saved, a record-sized one day inflow of over $1/2 billion showed up in the silver derivative markets.

Silver bulls are again laying down long bets assuming silver spot prices will rise given all the upcoming trillion in stimulus behind and ahead.
 

This week we had the largest one-day silver derivative capital inflow in over eight years, mainly into the SLV (JP Morgan is the custodian). 

A half-billion bet in silver is currently over 20 million troy ounces or 600 metric tonnes.

https://www.zerohedge.com/news/2021-01-23/massive-silver-bets-treasury-wants-more-trillions

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