Comment: 10.5 million shares of SLV

(See in situ)

10.5 million shares of SLV

10.5 million shares of SLV shorts have been covered. Looks to be 1 entity only. Never has their been this many shorted shares covered. I think some very big bank knows that silver will start to go up in price. Did I mention that the shares were covered with physical silver deposited into the trust? March is going to be very interesting. Banks are positioning themselves to go net long. Notice that at this very same time that SLV had 18 million ounces of physical silver added to the trust on January 18th, HSBC bought 850 million worth of physical silver directly from a polish miner. I think HSBC is positioning themselves for higher prices.