The month of July looks to be another month of remarkably strong demand for silver delivery off of COMEX. Today let's look at the history to provide some perspective.
Since the start of the SilverSqueeze in late January 2021, the Sprott closed end fund PSLV has purchased over 58 million oz of silver, increasing from approximately 90 million oz (Jan 2021) to the recent total of over 148 million oz.
What is the smart money doing right now? They are using cheap Dollars and Euros to buy all of the hard assets they can. They are buying farmland, commodities, monetary metals such as gold and silver.
Precious metals are not currently in favor as a speculative vehicle. Young people today don’t understand the difference between holding a silver or gold bar in your hands versus owning something electronically.
