George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
The erosion on the share price is peculiar. Silver has been bound between 27 and 27.5 recently yet the share price is slowly but steadily dropping?
Wonder what results will bring? Perhaps people are off loading based on prior experience of results day!
"I also know of someone who bought a large silver bar only to find it had been 'weighted' with iron / metal."
Heard of similar things happening with gold bars. From memory they had tungsten inserted which is a similar density.
My holding of physical is pretty pitiful - 40 ounces in "Queen's Beasts." And when I say "my" I bought for the kids.
I find it fascinating how we had such a surge in the silver price on nothing much more than rumour and speculation.
Imagine what would happen if there was a well considered plan to target silver?
That said, meme culture ,although lacking in depth, can be quite powerful - I may try and corner the market for MAgGA baseball caps!
Can't buy neither SLV nor PSLV through my Lloyd's ISA.
SLV: This equity is ineligible for the selected account
PSLV: We no longer allow investment in this stock.
In my share dealing account it is the latter message against both.