iShares Silver Trust (SLV)

[AlwaysRed]

SLV:

https://www.investopedia.com/articles/investing/122215/slv-ishares-silver-trust-etf.asp

"The assets of the iShares Silver Trust consist primarily of silver held by JPMorgan Chase (JPM)"

" The iShares Silver Trust is passively managed as it does not buy or sell silver to take advantage of market price swings."

"Buying SLV shares provides a simple, yet cost-effective way to invest in silver. Although the shares of the trust are not a direct substitute for actual silver, they still provide an alternative to participating in the commodities market. The fund offers a convenient way of obtaining exposure to silver without a need on the part of an investor to actually hold silver. Acquiring and storing silver can be very expensive and complicated."


https://budgeting.thenest.com/silver-etf-holds-physical-silver-30262.html

"BlackRock subsidiary iShares manages the Silver Trust (SLV). With an inception year of 2006, SLV is the oldest ETF containing physical silver. It boasts an average daily trading volume of more than 11 million shares"

You can already see the contradictions. Obviously that statement is incorrect.

"Each unit represents one ounce of silver. Units are redeemable for physical silver in minimum basket sizes of 50,000 units. Investors with smaller baskets must wait until their redemption orders are combined with others to reach the 50,000 unit minimum, exposing them to price changes."

GLD and SLV Etf:

Remember what they say here about GLD. The same can be said for SLV.

https://goldsilver.com/blog/why-should-i-buy-physical-gold-or-silver-when-i-can-buy-shares-in-an-etf/

So let’s get this straight: GLD’s custodian has subcustodians… and those subcustodians can have subcustodians… and all these subcustodians can store gold without a written custody agreement… and GLD has no right to visit the storage facility… and the lack of documentation could affect the performance of the trust… and GLD has limited legal recourse?"

SLV and GLD are not audited. Just like Fort Knox or the federal reserve. We have NO idea what they hold. It is all in the hands of the big banks and they are above the law. Good luck finding out who hold what and what the truth really is.