The big news in ETFs stems from the news that lobbyists for silver industry groups are bent on stopping the issuance of a proposed silver ETF. The reason? Because the group doesn’t feel there’s enough silver for both an ETF and an ability to conduct normal business operations. Shades of Bunker Hunt from the late 1970’s? [precious metals charts, commentary below]
Well, silver has always been volatile. But many metals markets are on the move higher. Mr. Copper remains strong and platinum, usually weak when the auto industry is struggling is setting new highs.