Major silver exchange traded funds have rallied this week outperforming gold as the metal got a boost from positive economic data that augurs well for industrial demand of the commodity.
Like GLD with, the authorized market participants for SLV add silver in response to more buying pressure than selling pressure and vice versa. Clearly there has been positive money flow for gold and silver ETFs over the past week.
Silver ETFs have shown a mixed trend with physical silver price gains trailing that of gold. The iShares Silver Trust (Amex: SLV) has fallen from $40.52 on Friday to $39.14 on Monday while Proshares Ultra Short Silver (NYSE Arca: ZSL) has risen...
Precious metals investors are trying to figure out if silver prices are next heading to $50 an ounce or $30 as the metal falls 4% on Wednesday morning amid news of progress on the U.S. debt ceiling.
Silver exchange traded funds crashed this spring...