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Silver ETF Saw Nearly 100% Turnover on Thursday

By ETF Trends – Updated Apr 6, 2017 at 10:00PM

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SLV surpassed the SPDR ETF as the most active.

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).

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Stocks Mentioned

iShares Silver Trust Stock Quote
iShares Silver Trust
SLV
$17.36 (-4.04%) $0.73
SPDR S&P 500 ETF Trust Stock Quote
SPDR S&P 500 ETF Trust
SPY
$367.95 (-1.68%) $-6.27
Aberdeen Standard Silver ETF Trust - Aberdeen Standard Physical Silver Shares ETF Stock Quote
Aberdeen Standard Silver ETF Trust - Aberdeen Standard Physical Silver Shares ETF
SIVR
$18.13 (-3.97%) $0.75
Invesco DB Multi-Sector Commodity Trust - Invesco DB Silver Fund Stock Quote
Invesco DB Multi-Sector Commodity Trust - Invesco DB Silver Fund
DBS
$25.59 (-4.06%) $-1.08

*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.

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