Chris Olson

Well, it...

I'm not sure what the motive may be.

It may be residual to previous positions that were taken when silver was more of a monetary asset.

From what I understand, there are a lot of short positions by certain bullion banks that trade paper contracts to sell positions that they don't ever actually intend to deliver on, which is a standard practice.

You just roll those contracts and buy it back, sell it again.

And there are legitimate reasons for doing that, but also there are reasons that are purely, you know, economical or even manipulative.

And from what I understand, there are positions on the books of various banks where every dollar silver goes up, they're losing hundreds of millions of dollars collectively.

So that may be potentially part of the motivation.

I'm not sure exactly what the motivation would be, apart from also the fact that silver is very closely associated with gold.

So there's probably a number of reasons why it may be happening that I'm not aware of.

$42.22 per ounce.

Is that less than the market price?

Quite a bit less.

Well, the Fed can choose how it wants to value its assets.

It is.

Yeah.

Yeah, they can mark their assets to market or they can mark them to cost.

They have the amazing power to value or revalue different assets on their books.

That's part of the magic that we all enjoy.

So, yeah, it seems undervalued.