SLV is run by JP Morgan--blatantly manipulated and doesn't have assets to match its value. I do play with SLV, but usually on the short side.
My core silver holdings (other than bullion) are units of Sprott's Physical Silver Trust (ARCA:PSLV or TSE:PHS.U).
http://www.sprottphysicalsilvertrust.com/
Also, SLW is a good silver proxy--making money hand over fist as they have silver streams contracted at $4/oz.

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