RE: Morgan: Bullish on SilverIn all due respect, the silver ETF will only be able to buy whats available and then will only be able to issue that number of shares.
Does this mean they will have to modify their prospectus and filling with the SEC should they not be able to issue the number of shares based on silver backing that they originally stated..perhaps?
TIme will tell..the fact is the COMEX is the largest know stockpile of above ground silver in the world and it's divided into registered and eligible categories. Most of the roughly(last check) 130 mil/oz's is already spoken for and not available for delivery.
It's more or less already owned and just being stored there..so were does this leave the silver ETF????
V