Silver to $70 by November
MadChad.Eth@madchad
−5.6%
since Oct 7
The idea
I believe silver is heading into another physical supply squeeze, with a sixth straight annual deficit and lease rates that spiked twice already this cycle before cooling off. This take owns only the metal itself, split across three trusts holding physical silver bars, so it moves closely with the price with no miners and no leverage. Each holding is capped at 25% with the rest in cash. If lease rates stay calm and no fresh squeeze shows up soon, the thesis is wrong.
What it owns
- The take owns trusts that hold real silver bars and move with the metal's price. · iShares Silver TrustIt holds physical silver bars and offers a heavily traded way to own the metal price, tracking spot silver closely., abrdn Physical Silver Shares ETFIt holds physical silver at a lower yearly fee than larger competitors, providing a cost-efficient way to own the same metal exposure., Sprott Physical Silver TrustIt holds allocated silver bars that holders can redeem for physical metal, making it the most directly tied to physical demand and supply dynamics.75%
- Cash25%