Silver’s wild ride this week is driving the steepest discount since 2008 in the world’s biggest ETF tracking the metal.
BlackRock Inc.’s $16.2 billion iShares Silver Trust exchange-traded fund, ticker SLV, plunged 14% on Tuesday alongside spot prices. However, the ETF tracks the London Bullion Market Association’s silver price -- which is calculated once a day at an auction and was little changed. The result was a more than 11% discount between SLV and its underlying holdings as the ETF sold off more quickly.
https://www.bloomberg.com/news/articles/2020-08-12/biggest-discount-since-2008-opens-up-in-16-billion-silver-etf
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