Titty here is 100% right. Buy physical silver, not SLV. Back when silver just started going crazy physical went up to $40/oz for a short while, while SLV stayed right where it was at around $26.
I did not realize how fucked SLV was at the time or I certainly would not have bought OTM calls. If SLV kept up with the physical price during that shortage I would've made bank. Instead down 95% on that position, cause SLV has nothing to do with the physical price of silver.
Titty here is 100% right. Buy physical silver, not SLV. Back when silver just started going crazy physical went up to $40/oz for a short while, while SLV stayed right where it was at around $26.
I did not realize how fucked SLV was at the time or I certainly would not have bought OTM calls. If SLV kept up with the physical price during that shortage I would've made bank. Instead down 95% on that position, cause SLV has nothing to do with the physical price of silver.