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Sprott Physical Silver Trust ET Message Board

  • investsmarty investsmarty Aug 2, 2012 3:17 PM Flag

    Should I buy SLV or PSLV ?

    Should I buy SLV or PSLV ?

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    • Short the slv or buy puts. go long it is not leveraged and has real silver to back it up.

    • The silver in PSLV is aduited regularly. There are questions about the silver in SLV, and how it moves around. Is it all there? Is it used as colateral for bullion bank shorts? Could there be a problem with SLV one day? Much more likely that a problem with PSLV.

    • Look at it this way; PSLV can be redeemed for the real thing and has some tax advantages over SLV. Also, SLV's custodian is JP Morgan whom many believe are one of the big powers behind silver price manipulation. Doesn't it seem like a tiny bit of conflict of interest that the custodian of a silver trading vehicle could also hold a massive short position in that same asset?

      • 2 Replies to iwynne2002
      • You can take delivery of the Sprott Silver trust huh iwyenne? Let me ask you a rudimentary question that I bet you have virtually no idea how to answer?

        How much in dollars of the Silver Trust does one need to own to be able to get delivery?

        Quick, quick....what is the answer genious?

      • Here is the first page of the SLV prospectus. It is also interesting to note the following statement on the prospectus that says "The agreement between the trust and the custodian is governed by English law." Perhaps this is why the SEC, etc. doesn't do's out of their hands. here's the link:

        iShares® Silver Trust
        The iShares® Silver Trust issues shares (“Shares”) representing fractional undivided beneficial interests in
        its net assets. The assets of the trust consist primarily of silver held by the custodian on behalf of the trust. The
        objective of the trust is for the Shares to reflect the price of silver owned by the trust less the trust’s expenses and
        liabilities. The Shares are listed and traded on NYSE Arca under the symbol “SLV”. Market prices for the Shares
        may be different from the net asset value per Share. BlackRock Asset Management International Inc. is the
        sponsor of the trust, The Bank of New York Mellon is the trustee of the trust, and JPMorgan Chase Bank N.A.,
        London branch, is the custodian of the trust. The trust is not an investment company registered under the
        Investment Company Act of 1940. The trust is not a commodity pool for purposes of the Commodity Exchange
        Act, and its sponsor is not subject to regulation by the Commodity Futures Trading Commission as a commodity
        pool operator, or a commodity trading advisor.
        Silver owned by the trust will be held by the custodian in England, New York, and other locations that may
        be authorized in the future.

    • PSLV.

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