Reuters reports iShares Silver Trust holdings exceeded 200 million ounces this week. IShares Silver Trust, which is managed by Barclays Global Investors, had 201.8 million ounces of silver as of July 29, trade group Silver Institute said in a statement. At the end of 2007, the top silver ETF held 168.7 million ounces of silver bullion. Michael DiRienzo, [...]
Mineweb(Editorial) reports silver outperforms most metals but its mysterious as ever. Amid the hammering of listed resources stocks over the past two months, and the more recent heavy sell off of commodities, silver exchange traded funds (ETFs), represented mainly by the US-listed iShares Silver Trust, stand out as one of the most resistant commodity-linked securities. [...]
Reuters reports silver stock held by iShares Silver Trust rose 1 percent to a record 6,138.45 tonnes on July 22, 2008. The silver market is particularly reliant on investment demand, as other uses of physical silver such as photography have been declining in recent years. For complete story, click this link. Follow developments in silver mining [...]
Barclays Global Investors reports the Board of Directors of Barclays Global Investors has authorized a 10 for 1 split of the shares of the iShares Silver Trust for shareholders. The Trust shares will begin trading on a split-adjusted basis on July 24th. Post-split shares are expected to be distributed to shareholders’ accounts on July 28, 2008, and [...]
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