The iShares Silver Trust (NYSEArca: SLV) has been the most highly traded security on the planet this week as traders use the ETF to play the wild swings in the metal.
The $12.5 billion silver exchange traded fund has replaced SPDR S&P 500 ETF (NYSEArca: SPY) recently as the most active ETF by share volume.
Nearly 295 million shares of the silver ETF changed hands on Thursday, a record, as the fund dropped more than 10% and silver prices were crushed by profit taking and a spate of margin hikes.
As of May 5, the silver ETF had 338.4 million shares outstanding.