This chart is very interesting for those wishing to maximise their return on the imminent silver explosion.
Back on the 27th October the spot silver price was $46 and today it sits at around $63...yet this ETF sits exactly where it was all these months ago despite the much higher silver price...so in essence it is undervalued.

Note the silver price rising into late January at a high of $121 and this ETF exploding from $74 to a top of $431...a 580% return and yet silver moved up 263%...so almost double in this ETF.

Now of course this is a double edged sword and the downside was very dramatic on the 30th January...far more severe than the spot price plunge.
This ETF provides an opportunity to obviously leverage greater than simply buying spot silver...also, many dealers are asking large margins to buy physical silver nowadays...we still recommend the physical and see this fund as additional to your investments.

As far as projections go...when we see $120 silver again, then we will see a six fold increase in this ETF...anything above $120 spot and it's a moonshot coming.

Appreciate a thumbs up...Good Trading and God Bless you all!