Creating Risk: SLV…the COMEX and FanDuel — Keith Bronstein

We have read the SLV document which you quote often. On that day, and it will happen, when SLV owners are notified that the “contracts” have now been converted to cash settlement — and the COMEX will do essentially the same. Anyone with a silver future now has the closing price the night before, but that future cannot be converted to bullion — and is now no different that an S&P futures contract.