This video is over a year old, but I don’t think any of the fundamentals have changed.  There is a funny point in the video when he talks about how he became an adviser to Eric Sprott before formation of Sprott Physical Silver Trust (PSLV).  He says it took them a year to obtain the $1 billion worth of the physical silver which the basis of the PSLV.  On the other hand, he said it took no time at all for SLV to obtain 30 million oz of silver.  He stresses, then, that SLV is great for increasing awareness in silver as an investment and it is fine for trading a silver position, but no one should see it as their basic silver position.