Silver-ETF Selling Mounting

By Adam Hamilton – Re-Blogged From Silver Phoenix

Silver’s dazzling parabolic surge this summer was overwhelmingly driven by enormous silver-ETF-share buying.  Led by momentum-chasing millennial traders, unprecedentedly-huge amounts of stock-market capital deluged into the dominant SLV iShares Silver Trust silver ETF.  But since silver’s resulting lofty peak, silver-ETF-share selling has been mounting.  An acceleration is a major downside risk for silver prices.

Silver has certainly lived up to its wildly-volatile reputation this year.  Ahead of mid-March’s brutal stock panic driven by governments’ heavy-handed national lockdowns to slow the spread of COVID-19, silver was inconspicuously grinding higher.  In late February before pandemic fears flared in the US, silver was running $18.62.  But it was then soon sucked into the epic maelstrom of fear as stock markets cratered.

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Silver-ETF Selling Mounting

By Adam Hamilton – Re-Blogged From Silver Phoenix

Silver’s dazzling parabolic surge this summer was overwhelmingly driven by enormous silver-ETF-share buying.  Led by momentum-chasing millennial traders, unprecedentedly-huge amounts of stock-market capital deluged into the dominant SLV iShares Silver Trust silver ETF.  But since silver’s resulting lofty peak, silver-ETF-share selling has been mounting.  An acceleration is a major downside risk for silver prices.

Silver has certainly lived up to its wildly-volatile reputation this year.  Ahead of mid-March’s brutal stock panic driven by governments’ heavy-handed national lockdowns to slow the spread of COVID-19, silver was inconspicuously grinding higher.  In late February before pandemic fears flared in the US, silver was running $18.62.  But it was then soon sucked into the epic maelstrom of fear as stock markets cratered.

Continue reading