Over 20 million ounces of silver were supposedly deposited in the SLV silver ETF this past week. This is the largest move in SLV holdings since Silver Squeeze, and it likely means a big silver short just covered about a half billion in silver shorts.
Remember that massive 5% dump in silver on the morning of January 23? Yeah, it looks like that SLV short position was just shifted from the SLV ETF to silver futures. What happens now?
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