[GATA] FLASH: Silver ETF SLV admits trouble sourcing metal and vulnerability to 'dramatic' short squeeze

Von:

"Gold Anti-Trust Action Committee" <gata@lists.gata.org>

An:

rolfjkoch@web.de

Datum:

14.02.2021 01:50:34

FLASH: Silver ETF SLV admits trouble sourcing metal and vulnerability to 'dramatic' short squeeze

Submitted by cpowell on 12:39AM ET Sunday, February 14, 2021. Section: Daily Dispatches

7:46p ET Saturday, February 13, 2021

Dear Friend of GATA and Gold (and Silver):

The silver exchange-traded fund SLV appears to have just amended its prospectus to acknowledge difficulty in sourcing metal for the fund.

The amendment warns that the fund now may be vulnerable to a "dramatic" short squeeze -- like the recent short squeeze in GameStop shares that caused a worldwide sensation.

The change, cited by Bullion Star tonight on Twitter, seems to have been prompted by this month's Reddit-inspired movement to attack shorts in the monetary metal.

SLV does not appear to have issued any announcement of the amendment to its prospectus, perhaps trusting that monetary metals advocates would find it eventually and save the fund the trouble of alerting the markets.