Dealer should have communicated a hold on the product to other employees, but if you didn't put a deposit down to hold them, I can understand why that might not have happened.
PSLV is a fund managed by Sprott:
https://sprott.com/investment-strategies/exchange-listed-products/physical-bullion-funds/silver/
Most folks in the States use a broker like Schwab to buy/sell. I'm not sure about brokers in Australia.
I wrote an article this morning about the silver market and the nascent #silversqueeze 2.0 effort:
https://www.pmbug.com/threads/silver-squeeze-2-0-comprehensive-thesis.8137/
COMEX is the whale that is draining the LBMA.
SLV has been raided by deep pockets borrowing shares to redeem metal. The SLV bar inventory over the last month or two shows outflows of Kazakhstan bars and inflows of Chinese and Russian bars (draining bars than can be sent to USA, taking in...
Bullion Banks have long played an arbitrage game selling short COMEX and buying long LBMA (London OTC). They usually end up settling the trade with an EFP (exchange for physical) which is actually just a paper transaction in spite of the name.
What's been happening since December is that COMEX...
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