You want to play that number, better just go for CFD..

that iShares ETF SLV...probably going to be tank-ed hard with issuance of more ETFs...

i dont know, I probably will buy something more than that.

I want diamond hands

Just checking, ETF is supposed to track the price of the base asset it is tracking. Buying SLV alone won't jack up the price of SLV, you need to jack up the price of real silver, no?

Let me know if I understand wrongly.

TBH, I am a retard, my SLV TP is solely based on emotion, and I dont know how is ETF issuance going to affect the SLV trust. Mind explaining more?

CFD have overnight fees. You can put leverage on it, and ride the wave to get big gains. But I dont like to use leverage, I no balls, a conservative investor.
GO sister, make malaysia great again. Milk them dry and bring the money back into MY.

I think you are right. If you are in SG, maybe can get some physical silver if the spread is not as huge as in MY. Again, I am a retard, please do your own DD.

People are buying silver, they are jacking up silver ETF indirectly IF I AM RIGHT I DONT KNOW WHAT I AM DOING, I am just here riding the wave. Bought silver ETF cause it is easier and more worth it for me to sell later than physical silver. The spread of physical silver is too damn big in MY.

Buy using Maybank Silver Investment Account

Correcto Mundo... U need to jack up the global silver market.

Unlike a company like GME where the shares are fixed in number, an ETF can issue new shares if there is imbalance between demand and supply.

For SLV ETF, which is backed by silver bullion, if demand for its shares increases, it will buy more silver from the physical bullion market. It will then create more shares from this new bullion and sells it on the market at whatever the silver market price is at that time.

That's how SLV works, that's how GLD works.

This post has been edited by Cubalagi: Feb 1 2021, 09:28 AM

It still tracks the silver price right? As long as worldwide people keep buying silver, SLV will continue to up?

I feel the shorties are too big for us. Price has risen a lot since the last big drop

Yes. SLV price tends to track the silver futures market prices.

Let's see if the Reddit group can push up silver prices. It could be possible in the short run. You can already see futures traders anticipating this and pushing up silver prices in the futures prices this morning.

However ultimately silver price will depend on supply n demand of the metal itself.

Have you realized that most of the silvers are now out of stock?

I still have a few kg of silver that I've been sitting on since 2011.

There are a few things here. Be careful of Youtube videos. There are guys out there that have been pumping silver for decades. They go on each others' shows and all agree that silver is way undervalued and that you should buy it now. It's all bullshit. Kitco have a respectable looking Youtube channel that has a load of these guys on it because sell metals.

The silver price has moved a lot on Sunday night. When markets open tomorrow (US time), it's likely to move further. We could see another spike like 2011. If we do, we'll see another crash like 2011.

There is a shortage of physical silver but in my book, it's much easier as a retail investor to trade the ETFs or miners.

You can probably make money in this if you get out early. Don't get left holding the bag for a decade like me.

I dont think many here or even wsb remember 2011. That time they are also trying to squeeze jpm. The bankrupt jp morgan buy silver campaign is not widely known outside of US. In the end it dint bankrupt jp morgan but it does cause alot of bag holders.

Now this crappy conspiracy theory is back. And funny thing is jp morgan more or less is still in control of slv due to their large physical holdings at comex.

That is Physical Bullion. at Retail Level. in banks, still got alot.... unless it wasnt anymore.

2011, were you at peak? That`s still long way to go.

Yeah, I rode it up for a while and then I rode it all the way down.

Legend, Bag-Holder.

HoDOR will be with you slightly.

Hahaha, yeah, I'm a diamond handed legend.

I still wish I'd sold at $48 when I had the chance.

I do believe the thesis, SLV is really over rigged. WAY too much.

U buying?

Took in A big ass chunk during March 2020.

I have a lot to learn from you guys here. All pros