Silver (SLV) – iShares Silver Trust

On 10/10/2008 – Bought SLV at $10 per share.

Silver (SLV) ETF

Silver (SLV) ETF

iShares Silver Trust (SLV)

is a grantor trust. The purpose of the trust is to own silver transferred to the trust in exchange for shares issued by the trust. Each iShare represents a fractional undivided beneficial interest in the net assets of the trust. The assets of the trust consist primarily of silver held by the custodian on behalf of the trust. The sponsor of the trust is Barclays Global Investors International, Inc. The activities of the trust are limited to issuing Baskets of iShares in exchange for the silver deposited with the custodian as consideration; selling silver as necessary to cover the sponsor’s fee, trust expenses not assumed by the sponsor and other liabilities, and delivering silver in exchange for Baskets of iShares surrendered for redemption. The objective of the trust is for the value of the iShares to reflect, at any given time, the price of silver owned by the trust at that time less the trust’s expenses and liabilities.

One Response

  1. I concur. It may be a fake move but given the crenrut environment in Washington, it is more likely that investors will be running for the safety of a solid commodity rather than risk waiting it out in stocks or, heaven forbid, trust the valuation of the US dollar to hold.I own silver and purchased it a while back. It’s been a very nice long play for me and I see no reason to jump ship any time soon.

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