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August 5, 2015 at 6:27 AM #788487
The-Shoveler
Participant

Well I like to think of it that way (some big warehouse filled with silver LOL).

But they do hold at least some.

This is what I got off the web.
SLV currently holds over 325 million ounces of silver in its trust.

I think it is kind of like the qqq’s or index ETF’s. it’s not just physical silver but it tries to come close to that as possible.