The world’s second largest physically backed silver exchange-traded fund has updated its prospectus this month in response to a reported campaign to drive up the price of silver on the forum website Reddit.
Aberdeen Standard Physical Silver Shares ETF (SIVR) amended the "risks related to silver" and "risks related to shares" portions of its prospectus to include reference to the potential for manipulation of the price of silver by "an online campaign". Better the devil you know: Investors turn to silver in an uncertain year According to the SIVR prospectus, a risk related to silver now includes "an online campaign intended to harm hedge funds and large banks [by] encouraging retail investors to purchase silver and shares of Silver ETPs to intentionally increase prices. This activ...
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