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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