iShares Silver Trust (SLV)

[AlwaysRed]

We know, we know. I'm not sure how laughable it is.

Look, the settle price for Dec '23 is 24.29:

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

Now if the price of silver is 24.41 Like it was prior to the smash what happens?:

https://www.bullionvault.com/silver-price-chart.do

They have to get the price of silver at or below settle price.

The good news however is that the settle price for Dec '24 is 25.49:

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

So they could be creating future contracts at the Settle price or the current SLV price. Either way they are allowing the price to appreciate.

So they are settling higher and allowing some inflation in the metal markets. Is it the 1000 dollars per ounce that the metal salesmen promise. Of course not. They lie to sell metal. But there will be some appreciation. If you are not happy with what they allow you to have, SLV and silver is not the right game for you.

Contracts will be met and the price WILL remain controlled for ever. Nothing will change. The higher the price of SLV above the settle price the better the short will be. The lower the price is below settle price the better the buy long.