The Expectation Of A Surge In Silver Prices Has Investors Turning To The Silver ETF (NYSE:SLV)
“In a recent analysis, it has emerged that more and more investors are reading about the investment options on websites and they take decisions on investments after considering expert opinions. This has helped in a big way for silver, which is a favourite for market experts as of now. In 2010, almost all commodity websites and market analysts had advised people to put their money in silver as the metal prices are set to soar in the coming days,” Commodity Online Reports.
Commodity Online goes on to report,”So, many investment portfolios of affluent investors are now showing silver as a major option. All of them are expecting a surge in silver prices, coupled with factors like low inventory levels and higher global inflation. Experts Have been advising people to increase exposure to silver through structured products, overseas exchange traded funds and futures contracts on local commodity exchanges.”
“The SLV silver ETF (NYSE:SLV) has also proven very successful. With $5.1b in net assets, it already ranks among the top 20 largest ETFs in the US. And the 287m ounces of physical silver bullion it holds in trust for its stock investors is impressive. (NYSE:SLV) has truly become a force to be reckoned with in the silver world, fulfilling the worst fears of silver’s industrial users who actively lobbied the SEC against approving this ETF before it was born. They feared the massive pools of stock-market capital that would flood into physical silver via this new ETF conduit would drive up prices. They were right, silver was trading around $12 when (SLV) came online. But (SLV) has proven a boon for silver investors on multiple fronts. Most importantly, more capital chasing the small silver market ultimately means a longer secular bull powering to a higher climax. (SLV) created a first-ever conduit for stock investors, which aren’t traditionally physical-silver investors, to easily migrate capital into silver. Billions of dollars of stock-market capital have already flooded into this metal that probably wouldn’t have otherwise,” Commodity Online Reports.
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Here are some more details on the iShares Silver Trust (NYSE:SLV) below:
iShares Silver Trust (NYSE:SLV)
The objective of the iShares Silver Trust is for the value of the shares of the iShares Silver Trust to reflect, at any given time, the price of silver owned by the iShares Silver Trust at that time, less the iShares Silver Trust’s expenses and liabilities.