Financing rate at 0.5% against the long. This is a scam! This crap is worth nothing. Just like XAU, the financing rate is stealing the profit. Only trade PAXG, a currency that respects the trader.
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Trading Insight_News
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Silver Holdings In Slv Trust Increase By 475 Tons Reducing Free Float Market Supply
The precious metals market is witnessing significant movements in the storage vaults of major financial institutions as entrusted silver volumes show signs of tightening circulating supply.
๐ธ Data this week records that silver holdings in the SLV trust increased by 475 tons currently held in Jpm vaults in London and New York.
๐ธ In reality this is not necessarily new physical silver added to the vaults but rather an increase in paper claims against the physical silver already held by JPM.
๐ธ This development is considered a positive signal for silver prices as it directly reduces the LBMA free float silver available in the trading market.
๐ธ This shift should be viewed in the context of the sharp decline seen last week suggesting that bullion banks may have been using SLV as a tool for physical silver conversion.
Will the reduction in LBMA free float $XAG create a supply shock if industrial and investment demand continues to surge in the near future?
News is for reference, not investment advice. Please read carefully before making a decision.
๐ธ Data this week records that silver holdings in the SLV trust increased by 475 tons currently held in Jpm vaults in London and New York.
๐ธ In reality this is not necessarily new physical silver added to the vaults but rather an increase in paper claims against the physical silver already held by JPM.
๐ธ This development is considered a positive signal for silver prices as it directly reduces the LBMA free float silver available in the trading market.
๐ธ This shift should be viewed in the context of the sharp decline seen last week suggesting that bullion banks may have been using SLV as a tool for physical silver conversion.
Will the reduction in LBMA free float $XAG create a supply shock if industrial and investment demand continues to surge in the near future?
News is for reference, not investment advice. Please read carefully before making a decision.
Disclaimer: Includes third-party opinions. No advice. Binance AI may be used without guarantee.ย See T&Cs.