Silver Soaring...Again (SLV, SLW, PSLV)

The move in silver is breathtaking, and it just continues to go higher amid rumors of a short squeeze and a physical silver shortage at the COMEX. Absolutely nothing about the price action in silver would cast doubt on the rumors. Currently, silver futures are up 3.31% to $36.495. Shares of silver royalty company Silver Wheaton SLW have jumped 2.51% to $46.07.

The heavily traded iShares Silver Trust ETF SLV have surged 2.70% to $35.63. Most interesting is the activity in the Sprott Physical Silver Trust PSLV, which is 100% backed by physical silver, and has gained 4.94% to $17.21. This investment vehicle is trading at a significant premium to its NAV, suggesting that the shortages in the physical market are very real.