SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : Silver prices -- Ignore unavailable to you. Want to Upgrade?


To: Triffin who wrote (7422)5/4/2006 1:17:10 AM
From: aknahow  Respond to of 8010
 
I think you might be wrong. The big guys can already manipulate the market using futures, options and other arrangements with much greater leverage than an etf.

SLV is an efficient way for small or large investors to own silver. You may call that hoarding and you could be right in your use of that word, but then is one hoarding money when one puts it in a bank or invest it in securities?

I did not expect that there would be a delivery of physical today. Not sure how the pos goes down when 8 million oz. are being purchased but it did.

Profile as of 05/03/2006
Total Net Assets $555,123,947
Ounces of Silver in Trust 38,498,421
Shares Outstanding 3,850,000
Tonnes of Silver in Trust 1,197.4

I hate the late reporting. Hope they eventually are able to report a lot faster.