I am curious to know what the board's consensus is on PSLV. Sure its paper but its apparently backed by numbered bars. It sure is a good way to park large of amounts of cash in silver without the hassle of physical. Im still on the fence though.
I personally do not have any concerns about CEF or the Sprott physical funds. People who try to put them into the same category as GLD or SLV are just plain wrong in my opinion. So yes, I own them and do not lose sleep at night. Actually, I sleep better knowing I have some country diversification and good security.
I like CEF. I don't know why you would pay a 8.8% premium for PSLV. I'd rather pay the smaller fee a depository would charge and keep the silver close by.
I believe both are well run and safe (as safe as paper can be, anyway).