can and will - blended basis per share is $9.90 so i need to wait for it to get back to $10 at least to break even/small gain. also - not sure if there is any other strictly 100% backed physical silver ETF"s. I dont want to buy actual physical right now because the premium spread mark ups are brutal right now (10% plus mark ups) where as Sprott has buying power and direct sources to comex so you are only paying 2% mark up over spot techinically. you own the physical, but they store it in there vaults. plus i could not find 1.75 tons worth of 1000oz bars right now to exchange out of investment .
can and will - blended basis per share is $9.90 so i need to wait for it to get back to $10 at least to break even/small gain. also - not sure if there is any other strictly 100% backed physical silver ETF"s. I dont want to buy actual physical right now because the premium spread mark ups are brutal right now (10% plus mark ups) where as Sprott has buying power and direct sources to comex so you are only paying 2% mark up over spot techinically. you own the physical, but they store it in there vaults. plus i could not find 1.75 tons worth of 1000oz bars right now to exchange out of investment .
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