Yes, premiums are up and ASE's are gone. One site said it wouldn't take any more orders until futures markets open at 10PM PST. Of course that won't mean anything if price gets smashed Monday morning. When they dumped the price in March 2020 to $13/oz, you couldn't buy any silver without paying a premiun equal to the price of silver.
IF, and it's a big IF, silver does pop in the short term, the big silver producers is the way to play it. They will get the big money first. If the price holds and rises, the smaller cap names will soar.
So SLV, AG, HL, CDE, MAG, PAAS are the short term way to play it. Not only will they move first but they have the liquidity to get out if the trend changes.
I don't trust the silver pricing. SLV had the biggest day in years on Friday. Something like 34 million ozs of silver should have been bought by SLV just on Friday's rise. But they don't buy real silver. They just lease the silver in paper form. The bullion banks have something like 500 paper oz of silver for every real ounce in a vault someplace. So when SLV says I need 34 million ozs, some bullion bank just gives them a piece of paper that says you have the right to that much silver but doesn't go out and buy it at the market OR deliver it anywhere. It's like the government printing more US$.
Until buyers force the banks to deliver the silver, the charade goes on and it takes big money to demand delivery in the Comex futures market. I don't think the Reddit crowd can force a silver squeeze by buying SLV. The custodian of SLV is JP Morgan, who was just fined 900million bucks for hundreds of thousands of fake bids and asks to manipulate the silver prices. And you can't audit SLV or ask for your shares in real silver. SLV is part of the scam. If you force the price of SLV up, they just buy more paper ounces and increase the leverage to the real amount of silver in the vaults.
Recently the Comex allowed new mints to provide "approved" bars of silver. They included huge numbers of obscure foreign mints from questionable countries. They are having trouble getting enough silver but still the price of silver doesn't rise.
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