Recs

3

Silver ETF Saw Nearly 100% Turnover on Thursday

By John Spence, ETF Trends | More Articles
May 6, 2011 | Comments (1)

Watch stocks you care about

The single, easiest way to keep track of all the stocks that matter...

Your own personalized stock watchlist!

It's a 100% FREE Motley Fool service...

Click Here Now

The iShares Silver Trust (NYSE: SLV  ) has been the most highly traded security on the planet this week, as traders use the ETF to play the wild swings in the metal.

The $12.5 billion silver exchange-traded fund has replaced SPDR S&P 500 ETF (NYSE: SPY  ) recently as the most active ETF by share volume.

Nearly 295 million shares of the silver ETF changed hands on Thursday, a record, as the fund dropped more than 10% and silver prices were crushed by profit taking and a spate of margin hikes.

As of May 5, the silver ETF had 338.4 million shares outstanding.

The amount of bullion held by iShares Silver Trust has fallen to 10,269 metric tons from more than 11,000 metric tons amid the selling.

Other ETFs tracking silver include ETFS Physical Silver (NYSE: SIVR  ) and PowerShares DB Silver (NYSE: DBS  ) .

anImage

More from ETFTrends:

Want to read more about SLV? Add it to My Watchlist, which will find all of our Foolish analysis on this ETF.

The Steve Jobs Betrayal
You may already know that in the final year of his life, Jobs revealed a stunning betrayal — and told his biographer, "I will spend my last dying breath... and every penny of Apple's $40 billion in the bank to right this wrong." What was it that made Jobs so irate — and why could it make a few in-the-know investors some major profits over the coming months and years?

Enter your email address below to find out what made Jobs so enraged!

Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.


Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

  • Report this Comment On May 06, 2011, at 4:58 PM, Tregarde wrote:

    I just noticed that the stock chart shows Visa (V), which is not related to this article at all...

Add your comment.

Compare Brokers

Fool Disclosure

DocumentId: 1490628, ~/Articles/ArticleHandler.aspx, 5/25/2012 8:16:35 AM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...

Today's Market

updated 11 hours ago Sponsored by:
DOW 12,529.75 33.60 0.27%
S&P 500 1,320.68 1.82 0.14%
NASD 2,839.38 -10.74 -0.38%

Create My Watchlist

Go to My Watchlist

You don't seem to be following any stocks yet!

Better investing starts with a watchlist. Now you can create a personalized watchlist and get immediate access to the personalized information you need to make successful investing decisions.

Data delayed up to 5 minutes

Related Tickers

5/24/2012 4:00 PM
SLV $27.44 Up +0.39 +1.44%
iShares Silver Tru… CAPS Rating: ***
SPY $132.53 Up +0.26 +0.20%
S&P Depository Rec… CAPS Rating: No stars
DBS $48.81 Up +0.69 +1.44%
POWERSHS DB MULTI… CAPS Rating: **
SIVR $28.06 Up +0.42 +1.52%
ETFS Silver Trust CAPS Rating: ***

Advertisement