UPDATE ON VERY LONG-TERM SILVER POSITION SHORT FROM ABOUT $50 $PSLV $SLV $SLW $GLD $GDX $GDXJ #SILVER
This post was just published on ZYX Short Sell Change Alert. There is a very long-term short position from a time when silver was near $50. This short position was done throughPSLV. The position is short from an average price of $22.02. As of this writingPSLV is trading at $5.56 and has traded as low as $5.23.The reason it was done through PSLV is because PSLV was trading at a substantial premium to the underlying value of physical silver. At the time of the post we wrote, Aggressive investors who want to initiate a very long-term position may consider building up to 100%