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With an inception year of 2006, the iShares Silver Trust (SLV) is the oldest ETF containing physical silver, held by a third party in New York and London. It is passively managed and gives exposure to the day-to-day movement of the price of silver bullion and is a convenient and cost-effective way to invest in silver (small investment, lower fees than storage costs). Like the SPDR Gold Trust ETF (GLD), SLV provides a vehicle to invest in silver for entities that cannot invest in the physical metal.