SLV Admits Price Can Be Unrelated To Silver In Midnight Prospectus Change

SLV​ admits price can be unrelated to silver in midnight prospectus change Just when you start to think these silver bullion banks couldn't stoop to a new low, they put out a report downgrading the silver and mining sector, despite panic buying in the retail market (that’s now spread to the wholesale level), which of course JP Morgan’s report forgot to address.

Then, after the market declines 10% on the day the SLV trust reports adding over 6% of the silver market’s yearly global mining supply, in just one day, what does the fund that counts on JPMorgan​ as the custodian do next? Well of course they change the prospectus in the middle of the night! Without saying a word or putting out a press release. Or even telling their own investor relations representatives. Which I can personally confirm, since I called iShares on February 5th and they never said a word about it.

And just wait until you see what they actually put in there!

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