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.
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.
Thanks
physical