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I tried using SLV, but it's an ETF & pricing is not that close to the real thing. Do you know the sy

Unknown
Unknown Member
edited January 2019 in Investing (Windows)
I tried using SLV, but it's an ETF and pricing is that close to the real thing.

Do you know the symbol for tracking the spot price of silver?

Thanks!

Comments

  • K.O. (Win-Premier)
    K.O. (Win-Premier) SuperUser ✭✭✭✭✭
    edited December 2018
    If you're talking about tracking /SI (the futures contract) Quicken does not pull quotes for futures contracts.
  • Jim_Harman
    Jim_Harman SuperUser ✭✭✭✭✭
    edited December 2018
    I don't know if there is a ticker you can access from Quicken or have personal experience with this, but the ETF price should track the spot price quite closely (minus fees) thus giving you a good estimate of the market value.

    For example if the ETF is at $14.42 and an ounce of silver is $15.46 and you hold 100 oz of silver bars, you could tell Quicken you have 15.46/14.42 * 100 or 107.2 shares of SLV. You would have to adjust your holding occasionally by adding phantom shares as the fees gradually reduce the price of the ETF.
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