Silver Down To $20.76!

Yes, the SLV silver etf. Why would it be concerning? Its not like the SLV is the equivalent of the abundant manipulated Pink Sheet scam stocks people can throw their money away in.

Obviously, the SLV is just an investment vehicle & an investor has zero ownership of physical, similarly to that of a silver certificate currency. IMO, a silver paper-trade would be more convenient in almost every aspect.... 1) You can get a better price, 2) the time it takes to buy online and receive bars, bullion, culls, rounds, etc., or drive to your local LCS and do the same, 3) weight of physical, 4) and when you're ready to cash in, the time it would take to resell physical.

Utilizing an online investment account, it takes seconds to open/close a position buy hitting buy/sell.

If I may jump in here, my opinion is that SLV and physical satisfy different needs and different purposes. I don't think SLV is intended for stacking purposes, because as someone said, it's not physical - if you can't hold it in your hand, you don't own it. In my opinion, SLV is purely for speculative investment purposes, for those who seek gains in the short to medium term. This is very different from stacking physical silver, whose purpose is not so much for investment, but for wealth preservation and dare I say, doomsday prepping. I don't think there's anything wrong with either, if that's your thing, but just make sure that you choose the right vehicle for your purpose. I just wanted to make that distinction clear, or at least, that's how I think about the two.

Having a background in the market (I'm not a financial expert by any means of the imagination but have been trading since mid 90's internet boom) I guess I have a slightly different perspective on the way the GLD/SLV are perceived. The way I personally view both paper & physical, they are both investments.... as my end-goal is ultimately/eventually to make an ROI. When I'm trading, my approach is to make quick money.... as I mentioned on my Feb. 24th post in this thread. Had I followed through on my original idea & bought Options when the technicals indicated a set up likely to generate some money, I'd be up alittle over +100% in 4 days. Having a trading tool at my disposal, has allowed me in the past to utilize the profits, buy physical & sit on it because I absolutely have an appreciation for physical, as I do own a few slabbed morgans, culls/junk & gold.

That being said.... my collections isn't nearly as cool as hf's stash. To all that have commented, thanks.... its been educational/interesting to get others perspectives on said subject.

Doesn't bother me as I will continue to buy regardless of price. The dip just means I can get a little more for my money.