ETF SLV 会像USO 当年一样吗？银实体价格哪儿可以查？

 

 

What did happen to USO:

• April 2020 oil crash ?
  When WTI oil futures briefly went negative, USO got into serious trouble:

  • Huge losses due to contango

  • Position limits from the CFTC

  • Risk of not being able to roll futures properly

• Emergency actions (but not bankruptcy)
  USO:

  • Changed its strategy (spread holdings across later-dated futures)

  • Temporarily stopped issuing new shares

  • Later resumed creations

  • Did a 1-for-8 reverse split in June 2020 (often mistaken as “collapse”)

• ETF structure matters
  USO holds oil futures, not oil itself. Even if oil goes to zero or negative:

  • The ETF can lose massive value

  • But it doesn’t “go bankrupt” like a company

  • It would only liquidate if the sponsor chose to shut it down