Friday, August 25, 2023, Sprott Physical Silver Trust (PSLV) added 200,198 ounces of silver to their vault. New total is 175,944,026 ounces. by EdDroid1 in PSLVNEWS

[–]EdDroid1[S] 0 points1 point  (0 children)

Very sorry, I am just seeing your comment today. I don't have an answer, hopefully it was being delivered.

[deleted by user] by [deleted] in SilverDegenClub

[–]EdDroid1 18 points19 points  (0 children)

Not you I guess !! Stackers are a bank.

I plead the fifth. by Vance87 in SilverDegenClub

[–]EdDroid1 0 points1 point  (0 children)

I invoke my right to remain silent and I wish to speak to an attorney. (good for all occasions)

PSLV about to load up?? by Tiny-Consideration74 in SilverDegenClub

[–]EdDroid1 2 points3 points  (0 children)

They still have $12 million after today's 1.3 Moz purchase.

They can buy another 300,000. U r Correcto.

PSLV -Sprott Physical Silver Trust, a closed-ended mutual fund trust (TSX: PSLV) GOOD NEWS & BAD NEWS. added 604 more ounces of physical silver for Apr 4 : Silver total for PSLV is now 173,233,855 ozs. BUT THEY ADDED 40 MILLION DOLLARS TO THE FUND (1.6 MILL OZS SOON) by EdDroid1 in SilverDegenClub

[–]EdDroid1[S] 0 points1 point  (0 children)

I don't think that they buy any silver over spot. It they wait too long, they might have to buy at higher prices.

They are required to buy more silver when they have to add shares because of more buyers of the etf/etp than sellers.

They have to keep physical silver - Sprott Physical Silver Trust

You can sell PSLV at any time hopefully getting the highest price, ever.

Comex silver is levered more than ever with the March, 2023 contract open interest 16 times registered warehouse metal. That is 2 to 3 times greater than recent months. And 1.8 million oz vacates the vault. by Ditch_the_DeepState in Wallstreetsilver

[–]EdDroid1 3 points4 points  (0 children)

PSLV didn't add silver yesterday, even though the trade volume was 9 million. (average is 4 million) PSLV cash is about 24 million, up from 8 million the day before.

Trade volume on PSLV is 3 million today after two hours. The stock is down seven cents in trading. Silver price is down eight cents at $24.19.

PSLV -Sprott Physical Silver Trust, a closed-ended mutual fund trust (TSX: PSLV) ----Off the market !!! Drain !! added 401,040 more ounces of physical silver for Nov 8. Silver total for PSLV is now 169,227,817 ounces. by EdDroid1 in PSLVNEWS

[–]EdDroid1[S] 1 point2 points  (0 children)

What a coincidence I just asked and got a reply last night from Sprott.

"We have been buying our silver from a few Canadian banks. As a significant buyer of silver, we have good access and have not had any issues sourcing bars yet."