A $40 Million Head-Turner in the Silver Market If you’ve been watching the headlines like I do, you probably saw the news: the Saudi Central Bank just made a splash in silver, scooping up 932,000 shares of the iShares Silver Trust (SLV) and nearly 204,000 shares of the Global X Silver Miners ETF (SIL), totaling around $40 million. Now before you think Riyadh’s gone rogue and is leading a silver remonetization revolution—let’s pump the brakes. Neils Christensen at Kitco News did a good job peeling back the hype. As it turns out, this buy was most likely done through Saudi Arabia’s sovereign wealth fund, not directly by the central bank with the intent to restore silver as money. That’s a…
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