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SLV Silver short interest at 70% of annual US production
Short Interest in the iShares SLV Silver ETF now stands at 26.5 million ounces- almost 8% of its 300 million shares.
But the kicker comes in when you compare the short interest to US production. A recent United States Geological Survey (USGS) report had highlighted that US produced 1160 tonnes of Silver in 2011- around 37 million ounces
So, at 26.5 million ounces, the SLV short interest comes to almost 70% of the entire US silver production.
Meanwhile, in the leveraged paper market, COMEX silver futures to physical silver bullion is currently at around 6.8:1!
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Tags: price of silver, Silver, Silver ETFs, silver news, silver price, silver prices, silver shares, silver spot, silver stock, silver stocks, spot silver
Posted by Silver Guru
on Jan 30 2012. Filed under Silver stocks.
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