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Factor LLC, the trading company led by Peter Brandt, has purchased PSLV over the past two days for retirement or pension capital after closing its last long position in silver futures last January. Brandt also indicated that he will consider buying more PSLV if silver reaches $47.
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Brandt has previously discussed how XRP ownership can be driven by chart analysis rather than community allegiance in a recent article. He also reported a $15 gain in ZMZ26 and a 6 cent loss in ZCZ26, citing his experience in the grain markets in a past disclosure. These updates provide additional context for his current activity in precious metals.