Here comes the silver crash?

Posted by: Aaron Pressman on April 28, 2006

Ok, you can stop writing in asking when, when, when will Barclays new silver ETF start trading. People, let the rejoicing begin. Trading under the symbol SLV begins today. Silver has had a wild run of late, hitting more than 20-year highs then dropping more than 10% in a day. I’ll wager that some of the excitement over demand from the ETF blows off today and silver slips in the short-term. Remember, buy the rumor, sell the news…

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Bloomberg Businessweek’s Ben Steverman focuses on the latest moves in financial markets and emerging trends in stocks, bonds, and funds, always with an eye toward giving readers a better understanding of the sometimes confusing and often chaotic world of money. Standard & Poor’s senior index analyst Howard Silverblatt will also provide his take on companies’ finances and the markets. Voted one of the “Top 100 Finance Blogs” in 2007.

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