This scam is owned by JPM. buy something backed by or the actual silver.Take your profits and buy Or silver backed stocks. ETf's are scams.
Personally I hold SLW best investment I ever made I held since the beginning and will not sell.
I use SLV as a hedge to short breakouts and dip buying.
I expect a big short raid when silver reaches 30 spot... sounds about right.
Never underestimate the manipulators we are only in the first few innings of the game.
They still can throw a few curve balls at all the newbies.
I like owning a real silver play but their address is a little disturbing :)
I take the ETFs at their word when they say that they have the physical silver. The problem with buying physical silver for small investors is the huge spread between buy and sell prices. Silver would have to go up quite a bit just to break even. With SLV or other ETFs, you can profit from a small move because the commissions are negligible.
Thanks for pointing out SLW. It is up ~125% over the past 52 weeks, vs. ~60% for SIL and 50% for SLV. I will adjust my portfolio on Monday. What are your thoughts on SLW vs. AGQ, which is up 90% past 52 weeks?