Will Silver ETFs Continue to Ride Gold's Coattails?

Yes, yes. By now we’re all familiar with gold ETFs. But silver has been far outpacing the yellow metal this year, and there’s prediction for more growth in the short-term.

Everyone is talking about gold prices breaking records and rising up charts, but silver has actually risen much more.

Silver prices, as gauged by the global benchmark London fixing, have soared nearly 70% this year, compared with a 30% gain in gold prices, reports Moming Zhou for MarketWatch.

Despite the run-up, silver prices are actually 12% lower than a year ago. Nevertheless, investment demand is forecast to continue to prop up metal prices while industrial and jewelry silver consumption may remain weak this year.

iShares MSCI Silver Trust (NYSEarca: SLV) has been hitting holdings records. Bullion holdings rose to a record 9,116.04 tonnes as of Nov. 19, reports Chikako Mogi for Reuters.

• ETFS Physical Silver Shares (NYSEArca: SIVR): up 32.9% in the last three months

• PowerShares DB Silver (NYSEArca: DBS): up 61.8% year-to-date

• iShares Silver Trust (NYSEArca: SLV): up 62.7% year-to-date

Comments

[User 18369]

Just love question marked (?) titles. Why bother?

2009 Nov 24 06:39 AM

[GMiki1]

Silver's fundamentals are enormous. But I like that the market hasn't really caught on yet since I sold my SLV and want either more SLW (yum) or SIVR (which audits its bullion)--didn't trust SLV.

2009 Nov 24 10:53 AM