Silver prices Message Board

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Gold/Mining/Energy : Silver prices

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To: HighProb who wrote (7284)	4/28/2006 12:50:00 AM
From: Patrick Slevin	Read Replies (1) of 8010

I could not find a reference to costs there, but if the other article is correct then a share of an ETF is an eroding asset. Over time each share can't match Silver dollar for dollar. The actual worth of a share this morning may be $127.50 (as of the last tick I see) but a year from now it should be less than 10 ounces of Silver on the open market. I don't know how many troy ounces per share that GLD represents, but by the price of GLD I would guess it was originally 1/10th of an ounce. The price of a share of GLD appears to slightly lag the spot price of Gold if this is so EDIT I was looking at the Futures Market for Silver price. Spot is $12.58 so $125.80 a share..

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