Silver ETF Begins Trading One Share Represents 10 Ounces Of Silver

We are in a commodities bull market. This ETF allows you to track Silver like a stock without the trouble of physical ownership. That may or may not work in your financial portfolio. I expect silver to continue rising and the requirements of the ETF to actually hold 15% of the available silver on the market will most likely cause a squeeze at some point. Probably not good for photographers using 35MM film.

Silver ETF begins trading - Google News

Dubbed iShares Silver Trust (SLV) , shares of the ETF represent 10 ounces of the metal held in a vault. Bank of New York (BK) is the trustee and J.P. Morgan Chase Bank (JPM) in London is the custodian.