SLV is an exchange-traded fund (ETF) that tracks the price of silver, offering investors exposure to the precious metal without physical delivery.
Description: The iShares Silver Trust (SLV) is one of the largest and most liquid silver ETFs globally, launched in 2006 by BlackRock. It aims to reflect the performance of silver bullion prices, holding physical silver bars in secure vaults. SLV provides a convenient way for investors to gain exposure to silver as a commodity and a hedge against inflation. The trust's net asset value (NAV) is directly linked to the spot price of silver, minus expenses. SLV is traded on the NYSE Arca and is popular among both retail and institutional investors for portfolio diversification and speculation on silver price movements.