widestrides

Silver ETF Reaches New Inventory High

So how does it work? When investor demand for the silver ETF increases, rather than increase the price to a point where it would be at a premium to the price of silver, they increase the number of shares and therefore the amount of real silver to back those additional shares? So in this case, dilution is good? Can we be sure they have enough actual silver backing it? Is there an independent auditor? Or do they use futures for some of it?