Silver Soars

 11/12/2025

Silver has taken off. PSLV appears to be in a third wave to the upside. I sold my silver short, whoops, and went long PSLV. PSLV is one of the Sprott.com family of funds. One is buying  Sprott's actual hold of real silver, not mining shares.

 Third waves are amazing and today's up move is a good example. Here is the detail on PSLV

Regret this is a bit hard to see but go to www.sprott.com for the real thing. As of the close yesterday nov 11 PSLV was priced at  $17 even. But the net asset value was $17.62, the actual value of the  10.48 B dollars of silver divided by the shares outstanding. So PSLV is trading at a 3.54% discount to its actual market value. One if literally buying silver below market. One will never get such a deal from those guys advertising on cable tv, buy coins at a big mark up. 

CEF has been around forever, created as a real money investment. It owns both silver and gold. It is now Sprott Physical Gold and Silver. It is also trading at a -3.39% discount to net asset value. 

CEF

Both PSLV and CEF are just displaying a PMO buy signal.