ETF Trends
ETF Trends

Barclays just got closer to launching the first silver exchange traded fund. In anticipation of the new ETF, silver prices have been up close to 10% in the last month; touching $10.70 yesterday. Silver prices haven’t hit these heights in over twenty years.

Considering the success of the gold ETFs, there’s a lot at stake…hundreds on millions. There are currently two ETFs that invest in gold: StreetTracks Gold Trust (GLD) and iShares Comex Gold Trust (IAU). Supposedly the bullion is held in a vault and shares represent ownership in the precious metal.

The silver ETF has a similar design. But this launch hasn’t been a cake walk. To get a clearer picture of what goes on behind the scenes, Myra Saefong of MarketWatch and Tom Szabo of Silveraxis.com shed light on the delicate dealings on the ETF launch.

The opinions and forecasts expressed herein are solely those of Tom Lydon, and may not actually come to pass. Information on this site should not be used or construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for any product.