Good morning, fellow Gold Tenters,

I have a couple of questions I’d like to throw out to the community and get your thoughts on.

I currently have a fairly significant position in physical one-ounce silver coins. They are stored securely and remain outside of the banking system.

1. Physical Silver vs. PSLV

What are your thoughts on holding physical silver compared to holding it through the Sprott Physical Silver Trust (PSLV)?

I’m specifically referring to PSLV because they claim to be fully backed by physical silver. What risks do you see with holding silver through PSLV that wouldn’t exist with physical possession? Conversely, are there advantages to PSLV that might outweigh those risks?

2. Leasing Physical Silver

I’ve been hearing more discussion lately about leasing physical silver to generate some yield. I haven’t looked deeply into the process yet, but I’m curious whether anyone here has experience with it.

My primary concerns are giving up custody of my silver, potential legal claims against the metal, counterparty risk, and the possibility of having difficulty accessing or recovering it if things go sideways.

Has anyone here leased out their silver, or researched it thoroughly? What are the benefits and pitfalls that you’ve discovered? Do we actually have to give up the physical silver or do we only need to provide proof of its existence through through something like Brinks Storage services?

I’d appreciate any insights, experiences, or perspectives the community would be willing to share.

Thanks in advance.

Rob