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birb_cromble  11hr ago (text post)   180 thread views

Weekly Finance Thread

A weekly thread to discuss financial matters - from personal all the way up to global.

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It's supposed to exactly track spot silver. SLV is a trust that owns actual silver sitting in an actual vault in London. When they need to pay the trust's expenses, they have to sell some of the silver to do so. As a result the amount of silver your share represents will slowly erode over time. GLD works the same way. When it was issued, it was pegged to 1/10th of an ounce of gold but now trades well below that.

SLV is the easiest way to build a silver position that I know of, and it's very liquid. For me its relatively high expense ratio is the price to pay for its very liquid options. I believe there are cheaper silver ETFs out there if all you want to do is buy shares.

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