Let’s see… Trading volume for the iShares Silver Trust ETF (NYSE:SLV) reached a stunning 189 million shares yesterday (seven times that of the QQQ ETF) and options trading reached similar lofty heights as the silver price approached $50 an ounce and then fell back, all in dramatic fashion. After hours it was disclosed that the “tonnes in the trust” at SLV reached a new record high at 11,390 tonnes after a massive 240 tonne addition.
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This article was republished with permission from The Mess That Greenspan Made.
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