SLV stock
Definition
SLV is the ticker symbol for the iShares Silver Trust, an exchange-traded fund (ETF) that seeks to reflect the performance of the price of silver, delivered through holdings of physical silver bullion stored in vaults.
Investors use SLV stock as a convenient way to gain exposure to silver prices without the need to own or store physical metal, subject to commodity market risks and trust expenses.
Examples
When inflation spiked, savvy investors flocked to SLV stock, turning their portfolios into veritable silver mines.
My broker recommended diversifying with SLV stock, but after a price dip, I felt more like I was polishing fool's silver.
Betting big on SLV stock paid off when silver surged, proving that sometimes the best bling comes from the commodities exchange.
Grandpa hoarded silver coins, but his grandkid prefers the modern twist: SLV stock, minus the safe full of dust bunnies.