ETF Trends
ETF Trends

India Daily reports "Barclays Capital Inc. (on April 21) deposited
with the custodian of a planned silver exchange-traded fund 1.5 million
ounces of silver to back 150,000 shares with each representing 10
ounces of silver, according to a regulatory filing Monday. The silver
ETF, the first of its kind, is sponsored by Barclays Global Investors,
a unit of British bank Barclays Plc. The ETF, which is structured as a
trust and has been highly anticipated by metals traders, is slated to
trade on the American Stock Exchange under the ticker (SLV)."

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.