 The
iShares Silver Trust (SLV) is an exchange-traded fund that tracks the
spot price of silver. Some key facts about SLV include:
Market
Cap: Approximately $11 billion USD (as of March 17, 2023)
Expense Ratio: 0.50% per year (as of March 17, 2023)
Inception
Date: April 28, 2006
SLV provides investors with exposure to
the price of silver without the need to buy and store physical silver.
The fund holds silver bullion in London vaults, and the shares of the
fund represent a proportionate interest in the underlying silver. The
price of SLV shares reflects the spot price of silver plus any
management fees and expenses. As with any investment, there are risks
associated with investing in SLV, including fluctuations in the price
of silver, changes in interest rates, and other market factors.
|
