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Peter Spina, CEO at GoldSeek.com, reports a further increase in the short position of SLV, rising from 27.80 million shares or troy ounces to 30.12 million. This marks an increase of 8.35 percent, taking the short position to 5.51 percent of total SLV shares outstanding. Spina assesses this increased short position as more concerning compared to two weeks ago.
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Earlier this month, Spina noted that growing investment demand for silver could counteract declines in the industrial sector. He also reported that BlackRock acquired over 8 million shares of Pan American Silver and increased its stake in Coeur Mining. Spina continues to track shifts in both physical holdings and investor sentiment in the silver market.