If you buy futures on a decent brokerage - they are for delivery - which means you hold a contract for delivery at the expiration time - the front money now is March - which starts delivery end Feb.
most dipshit retail brokers, even the reasonable ones like IB won't let you take delivery but still, once the contracts are open - there's no real way to know who holds them, they only have 3 classifications - commercials - ie. miners - big traders ie. hedge funds and small speculators.
it's only the brokers that don't want clients taking delivery incase the client funds are not adequately funded, so it's only an internal thing...
so futures and futures options are the instrument of choice here...
that and actually ordering metal - but that can be a big spread, sales taxes are charged on silver in many places, shipping, and if you want to sell out a large spread again....
one futures contract for delivery is 5000 ounces, that's 5000 x 32g = 150+kg quite a bit of metal, at $30 an oz that's $150k you need to take delivery but you can buy on margin and deposit the funds before it starts delivery.
the futures is the instrument that demands delivery, so that's where the market will freak the hardest.... the pressure point in all this is the Comex warehouse for delivery.
they don't have metal to deliver - cos they've been playing the dirty on it for ever and a day..... same thing happened on gold in March 2020 - there was no metal for delivery... but that was mainly a logistics thing due to the lockdowns.
If you buy futures on a decent brokerage - they are for delivery - which means you hold a contract for delivery at the expiration time - the front money now is March - which starts delivery end Feb.
most dipshit retail brokers, even the reasonable ones like IB won't let you take delivery but still, once the contracts are open - there's no real way to know who holds them, they only have 3 classifications - commercials - ie. miners - big traders ie. hedge funds and small speculators.
it's only the brokers that don't want clients taking delivery incase the client funds are not adequately funded, so it's only an internal thing...
so futures and futures options are the instrument of choice here...
that and actually ordering metal - but that can be a big spread, sales taxes are charged on silver in many places, shipping, and if you want to sell out a large spread again....