SLV is an ETF (Exchange Traded Fund)... ETFs are "Derivatives"....meaning, an ETF derives its value from something else. In this case, physical silver. Your ETF SLV share(s) are just a 'representation' of real silver. Literally, a digital "Re-Presentment" of the real deal. Food for thought.
For over a decade, the rumors about how many actual ounces of silver SLV actually holds in relation to how many ETF shares are afloat has varied anywhere between 1:100 to 1:1000. This is the same with the gold ETF GLD. Nobody knows, but everybody agrees it ain't anywhere near 1:1. Simply put, when the day comes to cash out, the little guy finishes last (can't redeem, worthless shares).
However, between now and then (collapse), SLV could easily go to the moon if this same group takes it for a ride like GME.
Huge rewards include huge risks. Timing is everything.
Well, if you believe the mainstream narrative, they're one and the same. NY Melon Bank claims they own 1 ounce of silver for every share outstanding. Your choice as to whether you believe them or not.
There are no guarantees with SLV shares, but you can trade them back and forth on trading platforms. This is what the WSB group would be doing by and large. Fast and furious digital action.
Buying the real stuff guarantees you actually own and hold the real thing. But it can take 10-20 days to actually get your hands on it (unless you buy from a local coin/pawn shop). Hence, you wouldn't be "trading" the real deal. You own and hold it.
So take your pick. Do you wanna make a quick buck or hold on for the long haul?
It's worth pointing out that when the bullion dealers get online orders (buy or sell), they immediately do the reverse with buying paper COMEX shares (derivatives) to hedge their positions. In effect, raising and lowering the spot price of silver.
So if you and a million other people are buying either physical silver, SLV shares, or COMEX positions, all contribute to the "spot price" from moment to moment. It's all tied together.
COMEX market is where the games are played. Four or five big banks run the show and are always on the winning side of the futures market. This is where the spot price is managed. It's anybody's guess what the ETF's share:ounce is.
No. Theoretically both SLV and SIVR are required to hold physical silver assets. Not sure of the details, need to look at the prospectus. I've bought SLV on and off.
SLV is an ETF (Exchange Traded Fund)... ETFs are "Derivatives"....meaning, an ETF derives its value from something else. In this case, physical silver. Your ETF SLV share(s) are just a 'representation' of real silver. Literally, a digital "Re-Presentment" of the real deal. Food for thought.
For over a decade, the rumors about how many actual ounces of silver SLV actually holds in relation to how many ETF shares are afloat has varied anywhere between 1:100 to 1:1000. This is the same with the gold ETF GLD. Nobody knows, but everybody agrees it ain't anywhere near 1:1. Simply put, when the day comes to cash out, the little guy finishes last (can't redeem, worthless shares).
However, between now and then (collapse), SLV could easily go to the moon if this same group takes it for a ride like GME.
Huge rewards include huge risks. Timing is everything.
Caveat Emptor
So when the OP said silver, what was meant? SLV or Physical?
Well, if you believe the mainstream narrative, they're one and the same. NY Melon Bank claims they own 1 ounce of silver for every share outstanding. Your choice as to whether you believe them or not.
There are no guarantees with SLV shares, but you can trade them back and forth on trading platforms. This is what the WSB group would be doing by and large. Fast and furious digital action.
Buying the real stuff guarantees you actually own and hold the real thing. But it can take 10-20 days to actually get your hands on it (unless you buy from a local coin/pawn shop). Hence, you wouldn't be "trading" the real deal. You own and hold it.
So take your pick. Do you wanna make a quick buck or hold on for the long haul?
It's worth pointing out that when the bullion dealers get online orders (buy or sell), they immediately do the reverse with buying paper COMEX shares (derivatives) to hedge their positions. In effect, raising and lowering the spot price of silver.
So if you and a million other people are buying either physical silver, SLV shares, or COMEX positions, all contribute to the "spot price" from moment to moment. It's all tied together.
Hasn't it been speculated that the physical silver price held down because the ETF is spectacularly oversold?
COMEX market is where the games are played. Four or five big banks run the show and are always on the winning side of the futures market. This is where the spot price is managed. It's anybody's guess what the ETF's share:ounce is.
physical
Awesome. Thanks for the reply, I appreciate your knowledge.
No. Theoretically both SLV and SIVR are required to hold physical silver assets. Not sure of the details, need to look at the prospectus. I've bought SLV on and off.
https://etfdb.com/themes/physically-backed-silver-etfs/