Snapshot of database

Hello,

I created a snapshot of SQL 2008 database. The goal in my case was to use it for reporting and client querying instead of using Production database.

I'm planning to drop and create it again daily.

My question and confusion is:

1.is this snapshot static or dynamic? I mean ... in case I will do some changes in 'source' database will it be reflected in snapshot immediately or only after I drop and create snapshot again?

2. could I use Toad feature for creating snapshot and using Job scheduler for daily recreate or better run script myself ( could I set schedule on script inside Toad or MS Studio?)

Thanks

EV