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iShares Silver Trust Message Board

  • happiesthihosilveraway happiesthihosilveraway May 2, 2007 3:23 AM Flag

    BARCLAYS email response to me

    Thank you for your interest in iShares, from Barclays Global Investors.


    The following points are correct characteristics of the iShares Silver Trust ETF (SLV). These points are meant to clarify any misunderstandings that may exist regarding the iShares Silver Trust ETF.


    1) The trust IS backed by physical silver in allocated form except for an amount less than one bar of Silver (1100 ounces) which is held in an unallocated form.

    2) The custodian is not authorized to lend the trust's silver to third parties.

    3) The creation/redemption process is designed to allow for orderly redemption of shares by Authorized Participants (individual shareholder cannot redeem shares for silver).



    All iShares Funds are able to be sold short, on an up tick or a down tick. When short selling SLV, no physical silver is needed as backing, only the margin requirements need to be met.

    If you have any further questions, please call our Investor Services Representatives at 1-800-iShares (474-2737) Monday - Friday 8:30 AM to 6:30 PM (EST), respond to this e-mail, or visit our web site atwww.iShares.com

    Thank you again for your interest in iShares.

 
SLV
18.70-0.04(-0.21%)3:02 PMEDT

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