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Silver Bars Being Secured By HSBC
JohnnyCache
Posts: 1,673 ✭✭✭✭✭
HSBC – Buys $876 Million Worth of Silver
This could be factoring in to some of the price action we are seeing today in Silver.
"HSBC did not comment on the deal and it only came to light as KGHM is a listed company and had to report the deal which was then picked up in Polish media.
The massive deal could simply be HSBC securing supply for the NYSE listed ETFS Physical Silver as they are the custodian.
Or it could be that senior people in HSBC are concerned about securing supply as they expect robust investment demand to continue and possibly increase resulting in higher prices."
see link for more details.
JC
This could be factoring in to some of the price action we are seeing today in Silver.
"HSBC did not comment on the deal and it only came to light as KGHM is a listed company and had to report the deal which was then picked up in Polish media.
The massive deal could simply be HSBC securing supply for the NYSE listed ETFS Physical Silver as they are the custodian.
Or it could be that senior people in HSBC are concerned about securing supply as they expect robust investment demand to continue and possibly increase resulting in higher prices."
see link for more details.
JC
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