PSLV's premium to net asset value (NAV) reached 34.22% Monday!
This means that should a PSLV shareholder decide to redeem their shares for physical silver, they would receive over 1/3 less silver than the current trading value of the share price.
Rather than take a 33% haircut, why not purchase physical silver held in your own possession for the 4-10% over spot it is currently available at?
Net Asset Value per Unit* $11.26
Premium/Discount Calculation 34.22%
(In U.S. Dollars. Data last updated Monday, January 09, 2012 6:00 PM EST)