ETPMAG, page-2

  1. 3,421 Posts.
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    Yes and no.
    It is genuinely backed by physical silver, unlike some US etf's where there is hypothecation.

    BUT...
    Read the last line below.

    https://hotcopper.com.au/data/attachments/2865/2865909-3f6107b06065eadbfc4cf38ce4a58b05.jpg

 
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