iShares Silver Trust

The iShares Silver Trust is an exchange-traded product offered under BlackRock's iShares brand that is linked to the silver price. According to the issuer, the trust aims to track the price performance of silver bullion; its shares trade on NYSE Arca under the ticker SLV.

SLV is not an equity or bond fund; it is structured as a trust whose assets consist of physical silver bars. According to the trust's periodic reports, the silver is kept in vaults with the custodian JPMorgan Chase Bank. The issuer states that the product is not an investment company registered under the Investment Company Act in the US and does not have the same regulatory protections as funds subject to that law. Because the trust earns no interest or dividends from silver, it makes no distributions to investors; the management fee is covered from the silver held.

The silver price is affected by two-sided demand, as both a precious metal and an industrial metal: use in the solar panel, electronics and automotive sectors and safe-haven demand are decisive together. The direction of the dollar and real interest rates are also important factors. SLV's market price can briefly diverge from the trust's net asset value (NAV). The SLV page on Lzzo.com features the price in US dollars, its Turkish lira, euro and pound sterling equivalents, a historical chart, technical indicators, and the data source with the update time.