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March 22, 2006
Hi ho Silver, away - new ETF very near
All that glitters is not gold, at least in the ETF world this week. The Securities and Exchange Commission has finally approved (PDF file) the American Stock Exchange's plan to trade Barclays' silver exchange-traded fund. Much like the State Street and Barclays gold funds, shares of the new ETF (trading under the symbol SLV) will represent ownership in the actual metal. In this case, each share will equal the value of 10 ounces of silver.
Keep in mind that silver hit a almost more than 20-year high of $10.59 an ounce in anticipation that the new ETF will drive up demand. I'll explore why anyone should care that they can buy a silver ETF in a future blog post, perhaps timed to the start of SLV trading.
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? Silver Investing… Anyone?! from Invest For Success - Invest Your Way To Success!
Still thinking of gold investing? Why not invest in silver?
Silver has hit a more than 20-year high of $10.59 an ounce lately. The best part is, silver is still very much in demand. This is in anticipation of the new silver ETF (trade under symbol SLV)... [Read More]
Tracked on April 26, 2006 02:28 PM
Wow - anyone watching silver today? I'm seeing spot silver quoted over $11 per oz for the first time in over 20 years. Is this still demand spurred by the ETF news, or are we finally getting into the supply crunch induced "silver explosion" foreseen by so many precious metals writers over the past decade?
Posted by: Tim at March 29, 2006 01:19 PM
When is the Silver ETF scheduled to start trading on the ASE
Posted by: Leo at April 4, 2006 12:40 PM
How do I go about purchasing said share!
Posted by: Philip Lopa at April 29, 2006 10:19 AM