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The iShares Silver Trust is a grantor trust that owns physical silver to reflect the market price of silver. Its shares, traded on NYSE Arca under SLV, offer investors a cost-efficient, accessible way to gain exposure to silver without the complexities of physical storage. The trust's value depends on silver prices, with minimal management, primarily issuing and redeeming shares backed by silver holdings.
This description was generated via AI from an annual report. Updated about 1 year ago.