Silver ETF’s (NYSEARCA:SLV)
iShares Silver Trust (the Trust) is a grantor trust. The purpose of the Trust is to own silver transferred to the Trust in exchange for shares issued by the Trust (iShares). The objective of the Trust is for the value of the iShares to reflect, at any given time, the price of silver owned by the Trust at that time less the Trust’s expenses and liabilities. The activities of the Trust are limited to issuing Baskets of iShares in exchange for the silver deposited with the Custodian as consideration, selling silver as necessary to cover the Sponsor’s fee, Trust expenses not assumed by the Sponsor and other liabilities, and delivering silver in exchange for Baskets of iShares surrendered for redemption. The sponsor of the Trust is BlackRock Asset Management International Inc. (the Sponsor). The trustee of the Trust is The Bank of New York Mellon (the Trustee) and the custodian is JP Morgan Chase Bank N.A., London branch (the Custodian).
iShares Silver Trust (SLV) currently has a HOLD Signal with ST Trend Signal DOWN.
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