Sprott Silver has gone to a negative premium (discount) to NAV which is something we have not seen in a while.
I suspect that word is getting around that they will be looking to do a secondary offering earlier than later next year.
“Some economists, when thinking about long memory, are concerned that it undercuts the Efficient Market Hypothesis that prices fully reflect all relevant information; that the random walk is the best metaphor to describe such markets; and that you cannot beat such an unpredictable market. Well, the Efficient Market Hypothesis is no more than that, a hypothesis. Many a grand theory has died under the onslaught of real data.” Benoît B. Mandelbrot