Loading ...Building To A CRESCENDO!
The chart below depicts the entire history of PSLV. It was created by Sprott and began trading in late 2010. Look at the volume since creation, up until the start of this year 2025. This represents demand for actual physical silver. What it reflects is the absolute scramble to get physical metal. Even back in 2011 when silver was reaching close to$50/oz. the volume was negligible, compared to these first four months of 2025. I am not trying to make a case for PSLV, just using it to show the exponential increase in demand, that so far, has NOT YET shown up in price. When the suppression of the silver price collapses, it is quite possible, even probable, that the Canadian government will seize PSLV’s silver. Holders will get paid with fiat, but what will that be worth? The clock is ticking, time is running out! 
If you own PSLV, this is my suggested strategy. If you have the funds to do so, increase your actual physical silver holdings before any possible confiscation occurs. If it does eventually happen, the price of PSLV shares will be rising sharply, but as I suggested, what will those fiat dollars actually be worth at that time? If one doesn’t have the additional funds to purchase more physical silver, start to slowly scale out of PSLV by gradually selling into rallies and using the proceeds to buy physical silver. Over whatever time is left before a big runup in silvers price, you would have gradually scaled out of PSLV and into the physical metal, without trying to guess the optimal time to do so. (This is not investment advice, just my opinion.)