Ignore today's dive in Sprott Physical Silver Trust (PSLV -3.8%, with SLV +0.3%) on the back of...

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Paulo Santos Comments (11620)
 
Nah, a prospective owner might want that. An owner that bought at a premium to NAV? Not so much. But then again, if someone bought at a premium, you can't exactly say they know what they're doing anyway.
12 Jul 2012, 03:38 PM Reply Like

SA Editor Stephen Alpher Comments (491)
 
Yes, current owners got burned (like you said they should have known it was trading at a 7% premium), but I think Conway is saying it's too late to sell.

PSLV may go down from here because silver goes down, but not because of the capital raise.
12 Jul 2012, 03:41 PM Reply Like

youngman442002 Comments (4972)
 
I bought some..I saw the drop ..it happens in CEF too when they do a new offer...usually a good time to add
12 Jul 2012, 04:00 PM Reply Like

montanamark Comments (1359)
 
silver held possible double bottom at 26.15-26.10 area
12 Jul 2012, 04:20 PM Reply Like

Luke Skywooker Comments (374)
 
I'm getting tired of Silver going nowhere.
12 Jul 2012, 04:26 PM Reply Like

montanamark Comments (1359)
 
trade the equities and hold the physical; buy the plunges and sell the rips
12 Jul 2012, 04:33 PM Reply Like

runSILVERrun Comments (44)
 
Get used to it because it may be in stall mode for a while. However, patience will pay off. By this time next year silver will be in the 40s, if not 50s. "Good things come to those who wait." Now is not the time to give up on silver especially if you have lost by investing in it. Silver should always be a long-term investment. Short term is a losing battle unless your timing is perfect. Long-term, you will do well.
12 Jul 2012, 11:36 PM Reply Like

winningtrader Comments (2253)
 
The one thing to notice is that this is actually a large amount, given the small size of the silver market. The total supply of silver (mining + scrap) is worth ~ $27 billion at current prices, so $200 mm is not a trivial amount. This shows that the demand for silver is actually very strong.
12 Jul 2012, 05:03 PM Reply Like

Paulo Santos Comments (11620)
 
The ... speculative ... demand for silver.
12 Jul 2012, 05:05 PM Reply Like

Jim McCraigh Comments (163)
 
We posted a recent interview with Eric Sprott regarding the future of gold and silver at http://wp.me/p2esYO-8k
12 Jul 2012, 05:56 PM Reply Like

winningtrader Comments (2253)
 
Sprott surely knows silver. Silver is of course a market that is impossible to trade. You just need to buy and wait. You may have to wait a long time but prices will eventually be much higher. Silver is massively undervalued. Not sure how long JPM will be able to rig the market.
12 Jul 2012, 05:57 PM Reply Like

runSILVERrun Comments (44)
 
If you can't buy physical silver (clearly the best option) invest in SLV. I have followed it and invested in it for over three years. It is a mirror of physical silver within a few cents.
12 Jul 2012, 11:37 PM Reply Like