While I figured as much, can you demand physical? Or do they have clauses in the contracts to settle with cash? I think people don’t realize there are already way more silver shares in the market than physical silver that exists in circulation.
I don't believe you can take physical delivery with slv, at least not easily. Every ETF is different though. Comex futures contracts are deliverable, but we are talking about 5000 oz increments. Buying physical from local or reputable online dealers is the easiest way, though the premiums are higher.
While I figured as much, can you demand physical? Or do they have clauses in the contracts to settle with cash? I think people don’t realize there are already way more silver shares in the market than physical silver that exists in circulation.
I don't believe you can take physical delivery with slv, at least not easily. Every ETF is different though. Comex futures contracts are deliverable, but we are talking about 5000 oz increments. Buying physical from local or reputable online dealers is the easiest way, though the premiums are higher.
Not sure. Thanks for the response and I’ll ask him.