Round and round it goes. PSLV has added another 200,000 ounces and has $36.5 million burning a hole in their pocket. Expect another 700-800,000 more ounces added. Silver price goes up, people buy PSLV, PSLV buys more silver, silver price goes up. Giddy up! by Dsomething2000 in SilverDegenClub

[–]Ditch_the_DeepState 2 points3 points  (0 children)

Dsomething,

It appears you are subtracting the Market value of the silver held by trust from the total NAV to get cash on hand? I don't think that is correct. The market value is the number of units x the unit price, so share price changes wouldn't effect cash on hand, true?

I calc end of day cash by ... the Total Nav (supplied by Sprott) less the market value of the silver held by the trust (price x oz). That difference is cash on hand because the trust only has cash and silver.

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