Video Length: 00:17:22

If physical premiums on silver are near 40%, but the supply of registered silver is dwindling fast, how do you get physical to arbitrage the premium? The answer is you swipe it from the SLV ETF. That appears to be what the banks in charge of SLV are doing by shorting the ETF and going long silver futures to hedge themselves. The only problem is, physical premiums aren't falling this time, and the physical silver supply keeps falling, both on the LBMA and the Comex.

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