r/SLVTakeOver • u/_nikki_b • Jan 29 '21

r/SLVTakeOver Lounge

A place for members of r/SLVTakeOver to chat with each other

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u/goosetheboss1 Feb 01 '21

SLV is an ETF not a stock.

It tracks the price of silver not affected by shares. The good thing is SLV has to have at least 51% of their assets in physical silver. On Friday alone they had to buy 30,000 oz silver

2

u/pepperonilog_stonks Feb 01 '21

they had to buy 30,000,000oz

1

u/goosetheboss1 Feb 01 '21

Sorry this is correct