Exchange traded funds (ETFs) for silver rose again Friday after the U.S. said consumer inflation increased 0.5% in March and investors worried about European debt.
The iShares Silver Trust (NYSEArca: SLV) notched another record high of almost $42 a share in midday action Friday, rising nearly 2%. The $14.3 billion silver ETF held roughly 353 million ounces of the metal as of April 14.
The gold/silver ratio is at its lowest level in 28 years, FastMarkets reported.
Some analysts say silver ETFs are contributing to investment demand and pushing bullion prices too far, too fast.
Shares Silver Trust
Full disclosure: Tom Lydon’s clients own SLV.
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