iShares Silver Trust (SLV)

[AlwaysRed]

Everyday they are moving delivery contracts from July to Sept:

https://www.cmegroup.com/markets/metals/precious/silver.volume.html

The demand for physical delivery is so low right now that they have the ability to move contracted deliveries for July to Sept.

I know that the metal salesmen say that physical silver is running out and that the demand is sky high. Blah blah blah.

If that is the case, then why are they moving contracted deliveries for July to Sept? There is so little demand for silver that they have the ability to do that.

So if you take a look at this 6 month copper chart:

https://www.nasdaq.com/market-activity/commodities/hg%3acmx

You see that the price for copper is falling. They call it Dr. Copper for a reason.

Copper is an industrial metal and if there is less demand for the metal the price falls.

If they are using less copper right now, they are using less silver too. THAT is why they have the ability to move July silver contracts to Sept. There is less physical demand for silver industrial purposes.

They will still need to get the price as low as they need it to fulfill whatever July contracts remain.