Silver ETFs: More to Come?

November 23, 2009 at 11:00 am by Tom Lydon      Bookmark and Share

Silver ETFsYes, yes. By now we’re all familiar with gold exchange traded funds (ETFs). But silver has been far outpacing the yellow metal this year, and there’s prediction for more growth in the short-term.

Everyone is talking about gold prices breaking records and rising up charts, but silver has actually risen much more. (What are the benefits of investing in silver?) Silver prices, as gauged by the global benchmark London fixing, have soared nearly 70% this year, compared with a 30% gain in gold prices, reports Moming Zhou for MarketWatch. (What about the other metals?)

Despite the run-up, silver prices are actually 12% lower than a year ago. Nevertheless, investment demand is forecast to continue to prop up metal prices while industrial and jewelry silver consumption may remain weak this year. (Read about tax treatment of precious metals ETFs.)

iShares MSCI Silver Trust (NYSEarca: SLV) has been hitting holdings records. Bullion holdings rose to a record 9,116.04 tonnes as of Nov. 19, reports Chikako Mogi for Reuters.

For more stories about silver, visit our silver category.

  • ETFS Physical Silver Shares (NYSEArca: SIVR): up 32.9% in the last three months

  • PowerShares DB Silver (NYSEArca: DBS): up 61.8% year-to-date

  • iShares Silver Trust (NYSEArca: SLV): up 62.7% year-to-date

Share this post:
  • email
  • Yahoo! Buzz
  • Digg
  • del.icio.us
  • Tipd
  • Reddit
  • StumbleUpon
  • Facebook
  • Technorati
  • Google Bookmarks
  • TwitThis

Tags: , , , , ,

Subscribe to Our Daily E-mail Newsletter

Enter your e-mail address below to sign up for our daily e-mail newsletter, the Daily Market Update. We will never share your e-mail address with third parties.

Subscribe to Our RSS Feed

Click here to subscribe to our RSS feed

blog comments powered by Disqus
podcasts

Recent TV Appearances

Now Available:

The ETF Trend
Following Playbook

ETF Trends' new book is now available. Click here for details. Or order online from one of these bookstores:
Amazon        Barnes and Noble


iMoney

ETF Trends' book iMoney is available. Click here for details. Or order online from one of these bookstores:
Amazon        Amazon