re: Spot Silver - over $27/ounce

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What's the concern?

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A lot of documented concerns with the fund, mainly that they will change their prospectus on a whim and have done so several times over the past few years. And although they are supposedly the largest holder of physical silver in the world that claim is backed by silver that is held in vaults all over the world and leased and released who knows how many times. So basically I don’t like the fact that they are lying about owning the investment product that you are trading and I don’t trust blackrock at all.

PSLV is a sprott fund and they buy it physically and store it in the Canadian vaults and it is audited and verified. The only time they lose silver out of their vaults is when someone redeems a lot of shares for physical which is extremely rare because you’ve got to have a lot of shares to be eligible for physical redemption.

ETA if you’re liking for a quick in/out SLV is ok I guess. For people looking to actually invest in silver I’d stay away. A lot of people that like to short silver but want to stay away from the futures market prefer SLV but I don’t have any experience with that