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Ronan Manly: Silver squeeze hits London as SLV warns of limited supply

Section: Daily Dispatches

4:58p ET Sunday, February 14, 2021

Dear Friend of GATA and Gold:

Bullion Star's Ronan Manly today compares the recent hurried changes in the prospectus of the exchange-traded silver fund SLV with SLV's recent enormous claims on London-vaulted silver, which already seemed in tight supply.

Manly concludes: "If the short squeeze on GameStop caused fireworks among a few hedge funds on Wall Street, we hate to think what a short squeeze on the global silver supply will look like as hedge funds wake up to the possibility that SLV 'cannot acquire sufficient silver acceptable for delivery to the trust.'"

... Dispatch continues below ...


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Of course other monetary metals investors may enjoy thinking of what such a short squeeze would look like.

Manly's analysis is headlined "#SilverSqueeze Hits London as SLV Warns of Limited Available Silver Supply" and it's posted at Bullion Star here:

https://www.bullionstar.com/blogs/ronan-manly/silversqueeze-hits-london-...

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
CPowell@GATA.org

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