iShares Silver Trust (SLV)

[Omar8]

AlwasRed,


"Let see where they cap this price rise prior to July deliveries. 144 thousand contracts for delivery in July. It appears they are allowing the price to rise a little thankfully. Lets see how high they let it rise......"


What would happen if the price is $31/ounce when those deliveries happens in July ? Say they have to deliver at least 50,000 of those contracts and each contract is 5000 ounces. And silver was under $25 most of last July......they take a loss of 250 million for each dollar over $25 ? So they seem to be in trouble if it doesn't come down ? If $31 holds through July potentially loss of a billion or more(billions) if more contracts than 50,000 are needed for delivery .....are we looking at potentially something devastating ?