{"id":358,"date":"2021-02-26T16:50:55","date_gmt":"2021-02-26T16:50:55","guid":{"rendered":"https:\/\/kinesis.money\/uncategorized\/why-cant-slv-source-enough-silver\/"},"modified":"2021-11-21T18:19:26","modified_gmt":"2021-11-21T18:19:26","slug":"why-cant-slv-source-enough-silver","status":"publish","type":"post","link":"https:\/\/kinesis.money\/pl\/blog\/why-cant-slv-source-enough-silver\/","title":{"rendered":"Why can\u2019t SLV source enough silver?"},"content":{"rendered":"<p>Andrew Maguire explains why SLV can\u2019t source enough silver bars to meet demand.<\/p>\n<div class=\"video-box\"><iframe src=\"https:\/\/www.youtube.com\/embed\/AleXHAThTbg\" frameborder=\"0\" allowfullscreen=\"allowfullscreen\"><\/iframe><\/div>\n<p><b>&nbsp;<\/b><br \/>\n<strong>Watch this week\u2019s Live from the Vault for:<\/strong><\/p>\n<ul>\n<li>How will Basel III affect the COMEX?: <a href=\"https:\/\/www.youtube.com\/watch?v=AleXHAThTbg&amp;t=143s\" rel=\"noopener noreferrer\" target=\"_blank\">02:23<\/a>\u200b\u200b\u200b<\/li>\n<li>BIS scrambles to unwind unallocated positions: <a href=\"https:\/\/www.youtube.com\/watch?v=AleXHAThTbg&amp;t=738s\" rel=\"noopener noreferrer\" target=\"_blank\">12:18\u200b<\/a><\/li>\n<li>Catch 22 arbitrage trade in action last Friday: <a href=\"https:\/\/www.youtube.com\/watch?v=AleXHAThTbg&amp;t=1004s\" rel=\"noopener noreferrer\" target=\"_blank\">16:44\u200b<\/a><\/li>\n<li>Banks stand for delivery on COMEX for April contracts: <a href=\"https:\/\/www.youtube.com\/watch?v=AleXHAThTbg&amp;t=1127s\" rel=\"noopener noreferrer\" target=\"_blank\">18:47<\/a>\u200b<\/li>\n<li>Why can\u2019t SLV source enough physical silver?: <a href=\"https:\/\/www.youtube.com\/watch?v=AleXHAThTbg&amp;t=1293s\" rel=\"noopener noreferrer\" target=\"_blank\">21:33<\/a>\u200b<\/li>\n<li>The bullish silver set up explained: <a href=\"https:\/\/www.youtube.com\/watch?v=AleXHAThTbg&amp;t=1495s\" rel=\"noopener noreferrer\" target=\"_blank\">24:55\u200b<\/a><\/li>\n<li>Astronomical 2023 gold and silver price targets: <a href=\"https:\/\/www.youtube.com\/watch?v=AleXHAThTbg&amp;t=1682s\" rel=\"noopener noreferrer\" target=\"_blank\">28:02<\/a><\/li>\n<\/ul>\n<p>Andrew Maguire believes significantly underpriced silver is behind BlackRock\u2019s admission of potential difficulties in acquiring sufficient silver for iShares Silver Trust <strong>(SLV)<\/strong>.<\/p>\n<h2>What\u2019s happening with SLV?<\/h2>\n<p>The SLV prospectus now reads that BlackRock \u201cmay not be able to readily acquire sufficient amounts of silver,\u201d required for the creation-redemption process behind the silver ETF.<\/p>\n<p>From a wholesale perspective, the statement translates as \u201cSLV is unable to source enough wholesale 1000 oz silver bars to fill its baskets,\u201d according to Andrew Maguire. As Andrew Maguire sees it, the availability of silver is not the cause of the issue. The precious metals expert attributes the shortage to the lack of \u201cavailability of silver at current diluted prices.&#8221;<\/p>\n<p><i>Watch Andrew Maguire detail the unknown market entity that defended the silver pushback in last week\u2019s Kinesis show <a href=\"https:\/\/www.youtube.com\/watch?v=mlG4b9fa2yQ&amp;t=3s\">\u2018Live from the Vault&#8217;<\/a><\/i><\/p>\n<h2>What&#8217;s the wholesale price of silver?<\/h2>\n<p>According to the wholesaler, there are \u201cample wholesale 1000 oz silver bars to supply to really fulfil every incoming SLV by order,\u201d however, \u201cthe price would have to be significantly higher.\u201d<\/p>\n<p>The precious metals expert believes that \u201cevery single ounce of SLV demanded could be easily fulfilled in allocated form at a true supply demand global wholesale offer price.\u201d Andrew Maguire added, \u201cif the price of silver was allowed to reflect true global supply demand fundamentals thousands of tons of physical silver could flow into the SLV.\u201d<\/p>\n<p>However, the precious metals expert estimates that meeting current demand would require a silver price of \u201cat least $30 &#8211; $40 per ounce.\u201d<\/p>\n<p>Andrew Maguire&#8217;s parting thoughts:<\/p>\n<p><em>These conditions present one of the most bullish setups in silver since June 2010<\/em><\/p>\n<p style=\"text-align: center;\"><strong>Make sure you catch next week&#8217;s Live from the Vault.<\/strong><\/p>\n<div class=\"button-container text-center text-md-center\"><a class=\"btn btn-coral p-body p-f-regular text-uppercase\" href=\"https:\/\/www.youtube.com\/channel\/UCXJEH6DxUixkTYhH4XxI7kQ\" target=\"_blank\" rel=\"noopener\">SUBSCRIBE<\/a><\/div>\n<p><b>&nbsp;<\/b><br \/>\n<b>&nbsp;<\/b><br \/>\n<b>&nbsp;<\/b><br \/>\n<i>The opinions expressed in this publication are those of Andrew Maguire and do not purport to reflect the official policy or position of Kinesis.<\/i><\/p>\n<p><i>This publication is for informational purposes only and is not intended to be a solicitation, offering or recommendation of any security, commodity, derivative, investment management service or advisory service and is not commodity trading advice. This publication does not intend to provide investment, tax or legal advice on either a general or specific basis.<\/i><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Andrew Maguire explains why SLV can\u2019t source enough silver bars to meet demand. &nbsp; Watch this week\u2019s Live from the Vault for: How will Basel III affect the COMEX?: 02:23\u200b\u200b\u200b BIS scrambles to unwind unallocated positions: 12:18\u200b Catch 22 arbitrage trade in action last Friday: 16:44\u200b Banks stand for delivery on COMEX for April contracts: [&hellip;]<\/p>\n","protected":false},"author":7,"featured_media":8477,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[20,153],"tags":[143,144],"class_list":["post-358","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blog","category-silver","tag-lftv","tag-wss"],"acf":[],"yoast_head":"<!-- This site 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