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All newbee's, plz do not be confused between SLV and SLW. SLW is at the same price as of Feb. 28th! SLW has a fixed cost of 4 dollar per ounce silver. SLW... 47-4= pure profit. SLW has just a few employee's. SLW, like RGLD are royalty corporation's!
Also, unlike SLV and GLD... SLW and RGLD give their share holder's dividend's. RGLD has increasing dividend's. SLW has just posted their first dividend. SLW has an A+ balance sheet also.
Oil is a major cost of production of a silver or a gold mine. SLW and RGLD are insulated.