ETF Trends
ETF Trends

The iShares Silver Trust (NYSEArca: SLV) is up more than 20% the past month as silver outperforms gold by a wide margin in the precious metals complex.

The fund now holds about 10,556 metric tons of silver the most since April, according to Platts.

SLV has assets of $7.8 billion.

Overall, the amount of silver in ETFs listed around the globe now accounts for about 83% of 2012 silver mine production, according to the report.

Meanwhile, demand from speculative,  investors has boosted long positions in COMEX silver futures to the highest level in five months. [Silver ETFs Leading August Surge in Precious Metals]

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.