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February 2, 2021 With silver now the target of Reddit’s notorious batch of WallSteetBets traders, silver exchange traded funds are getting another moment to shine. That includes the Sprott Physical Silver Trust (NYSEArca: PSLV), but PSLV isn’t an ETF. Investors considering the trust as a way of playing along with WallStreetBets should understand how the product works before jumping in. PSLV “currently holds 93,208,680 ounces of silver (as of Feb 1). PSLV provides investors with exposure to physical silver at a time when demand is high, causing excessive premiums for coins and bars,” according to Sprott. ETFs Versus Closed-End Funds PSLV is a closed-end fund that lets investors redeem large blocks of shares in exchange for delivery of silver bullion. ....