The largest exchange traded fund (ETF) for silver rose 1% in preopen trading Friday as the fund was set to wrap up a volatile week on a high note.
The iShares Silver Trust (NYSEArca: SLV) was up about 1% before the bell. The silver ETF is poised to end the week in positive territory after an earlier setback. Silver prices are testing $50 an ounce, a level not seen since 1980 and the Hunt brothers.
Other exchange traded products for silver include ETFS Physical Silver (NYSEArca: SIVR), PowerShares DB Silver (NYSEArca: DBS) and Sprott Physical Silver Trust (NYSEArca: PSLV).
The iShares product has seen trading volume surge this week as it has been the most active ETF with silver prices gyrating. [Silver Pushes Aside S&P 500 in ETF Trading Volume.]
The silver ETF has jumped more than 70% over the past three months.
iShares Silver Trust
Full disclosure: Tom Lydon’s clients own SLV.
The opinions and forecasts expressed herein are solely those of John Spence, 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.