The first silver-based ETF was launched today by Barclays Global Investors. The name of the ETF is the iShares Silver Trust and its ticker symbol is SLV. Each share of SLV will initially represent 10 ounces of silver and opened at $129/share on the AMEX today. For almost all investors, SLV provides the cheapest means of buying and selling silver.
TheStreet.Com article about SLV