Hi OMS, yeah I hold ETPMAG. It is backed by physical silver...

Hi OMS, yeah I hold ETPMAG. It is backed by physical silver which is redeemable. See this link for more info. You can be long or short.

http://www.asx.com.au/products/pdf/etfs_fact_sheet_physical_silver.pdf

In terms of how confident I am with it that why I asked gtsman how he plays silver as I'm not totally confident. You just don’t know what they are doing with your silver or if its really there. And there is some counter party risk. Must admit I have only a small amount in the ETF and have not read all the terms in the prospectus, neither have the knowledge to be able to fully break down the technicalities