"Silver in New York rose above $10 an
ounce for the first time since March 1984 on speculation that
demand for the metal will accelerate, extending a yearlong rally.
Barclays Global Investors N.A. may soon get U.S. approval for
an exchange-traded fund linked to the price of silver, making it
easier for investors to own the metal, said Michael Guido, director
of hedge fund marketing and commodity strategy for Societe Generale
SA in New York
"There’s a lot of inflow into silver in anticipation of the
ETF,” Guido said. The StreetTracks Gold Trust, a fund created in
November 2004 to invest in gold, has attracted $6.3 billion from
investors and helped drive prices to a 25-year high last month." –Bloomberg article
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