SLV is specifically forbidden from transacting in futures. Regardless, there would never be any reason for SLV to sell futures as a hedge. SLV is not hedge fund. It’s an ETF that enables investors to index the price action of silver.
The following is an open letter to Elon Musk, in response to Tesla’s recent 10-k filing that stated in addition to buying bitcoin it also “… may invest a portion of such cash in certain alternative reserve assets including… gold bullion, gold exchange-traded funds and other assets as specified in the future.”
By several measures, silver prices are too low. The banking cartel will continue devaluing dollars. Prices will rise—some more than others. Buy what is inexpensive now (such as silver) and be careful with what is expensive (Tesla stock and MANY others).
So how did so much silver get purchased in such a short period of time without exploding in price by $10 or $20? It had nothing to do with the buyers and everything to do with the sellers (probably the same big 4) who are short on the COMEX. It was the sellers that sold enough to prevent silver prices from soaring.
So the short position of the Big 8 traders is larger than the total Commercial net short position by about 422-369=53 million troy ounces...up about 33 million troy ounces from the 20 million troy ounces in the prior week's report. That's a huge increase.
Whether the WSB redditors were responsible or not, this extreme silver-market episode sure highlights the massive latent interest in silver. Legions of speculators and investors out there are watching silver, ready to pour in on the right catalyst.