Replies to post #35997 on iShares Silver Trust (SLV)

[Omar8]

Alwaysred,


"If those contracts 1 year ago when the price of silver was 23.50 they are losing 1 dollar per ounce. So that would be over 10 MILLION dollars at the current 24.50 price. It would have been a 20 million dollar loss Friday at 25.50. LOL

So do they get the price back to last years price where the metal was contracted?:"


If we don't know the price of last year how would we know they will get the price to that level ?

[Princess17]

So they lost 24 million?