SLV Inventory Hits Record High

Mar.10.11 | About: iShares Silver (SLV)

The “tonnes in the trust” at the world’s most popular silver ETF – the iShares Silver Trust (NYSE:SLV) – reached a record high yesterday at just under 11,000 tonnes after a series of additions over the last month totaling more than 600 tonnes.

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To what extent Asian investors redeeming their shares earlier in the year in order to take delivery (as widely rumored) affected the SLV inventory remains unclear, but, one thing is certain – demand for new SLV shares has soared in recent weeks, an average of 44 tonnes being added to the ETF per day over the last seven days of trading.