Silver Wars: Eric Sprott to Purchase $1.5 Billion in Physical Silver for Fund
Examiner.com reported that Eric Sprott Management is creating a new silver fund requiring a large purchase of physical silver.
Articles Tagged "silver fund"
Silver Prices Racing Gold for Now, But Copper May Apply the Brakes
While the contagion of fear in the markets is providing silver with a much needed boost this week, ongoing economic problems around the world will eventually weigh on industrial demand.
DB Silver Fund closed at $22.33
PowerShares DB Silver Fund declared that it has closed yesterday at $22.33. So far DBS has hit a 52-week low of $14.81 and 52-week high of $35.69. DBS has been showing support around 22.05 and resistance in the 22.55 range. For full story, click here
First-ever silver ETF set to make a debut
Business-Standard.com reports the first ever silver ETF to debut in Mumbai, India. Benchmark AMC has filed an offer document with Sebi for a silver exchange-listed fund, the first ever in India. The fund would invest in units of overseas mutual fund schemes, including exchange-traded funds investing in silver or securities/instruments linked to silver and exchange-traded notes [...]
