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iShares Silver Trust ETF (SLV)

  • Dec. 4, 2012, 9:13 AM
    A sliding dollar is of no help to sensitive commodities, all tumbling in early trade. GLD -1.4%, SLV -2.2%, USO -1.2% premarket.
  • Nov. 29, 2012, 9:02 AM
    Agreeing on the creaky condition of the fiscal position of Western governments, two economists come to the opposite conclusion on gold. Lombard's Leigh Skene thinks the EU debt crisis has set in play a deflationary spiral in which gold falls (and sliver plunges), while John Williams says 2014 will bring realization of the U.S. government's insolvency and a soaring price.
  • Nov. 28, 2012, 9:18 AM
    If it's a fat finger, it's not immediately being lifted. So far, gold hasn't bounced a dime from a quick $20 sell-off an hour ago. Chatter says the move was due to a contract rollover that accidentally became an outright sell. Silver has moved in concert, SLV -2.1% premarket. Oil and copper, both lower by more than 1%, complete the picture for key commodities.
  • Nov. 9, 2012, 8:02 AM
    The Sprott Physical Silver Trust (PSLV) falls 2.6% premarket after announcing yet another secondary offering. If there is a shortage of silver, asks Kid Dynamite, why didn't the price of the metal tick up on the announcement a big player is about to buy several hundred million dollars worth?
  • Nov. 6, 2012, 12:40 PM
    Speculating Bernanke has taken the lead in exit polls, ZH notes gold has gone vertical in the past few minutes (chart). GLD +2%. SLV +3.1%. Oil is on the move as well, USO +2.6%.
  • Nov. 6, 2012, 10:57 AM
    Silver miners (SIL -0.6%) are struggling with low prices, as evidenced by Q3 results from Hecla Mining (HL -4.8%) and Coeur d'Alene (CDE -18.8%), where prices were down 23% and 5.5% Y/Y respectively; a 14% drop was blamed for falling revenues and profits at Silver Wheaton (SLW -0.5%). Pan American Silver (PAAS -2.3%) is scheduled to report Thursday.
  • Oct. 19, 2012, 10:40 AM
    Silver has continued to slide this week even at stocks have moved higher. So what? Tim Backshall notes the two asset classes have had a pretty tight correlation over the past 6 weeks, diverging only in the past few sessions (though stocks are trying their best to catch up today). SLV -0.9%.
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  • Oct. 1, 2012, 8:48 AM
    Chicago Fed President Charles Evans - the man whose ideas about QE∞ won the day on the FOMC - tells CNBC he expects unemployment in the 7% range for at least another 2 years. As 7% is unacceptable to Evans, the statement means he expects a minimum 2 years of continued $40B/month or more of asset purchases. Gold and silver erase early losses. GLD +0.3%, SLV +2% premarket.
  • Sep. 24, 2012, 9:38 AM
    Investors have been voracious buyers of silver and silver miner ETFs on QE-infinity, and when silver is outperforming gold, it is usually a bullish sign for the entire precious metals complex. Physically backed silver ETFs (SLV, SIVR, DBS) have jumped 23% in three months; silver miners (SIL, SLVP) are up 22%-plus. Physical gold (GLD) added ~10% and gold miners (GDX) ~15%.
  • Sep. 22, 2012, 10:02 AM
    An unmistakable trend is under way as investors cash in their bond ETF holdings and pour the money into stock funds. "A lot of fixed-income oriented people have decided to start chasing equities," says an ETF trader, as they fear being left behind by an equity market juggernaut (they already have been). Also seeing a rush are precious metals ETFs - the physical and the miners.
  • Sep. 13, 2012, 2:49 PM
    Comex gold rose 2.2% to $1,772.10/oz. to finish near seven-month highs on the Fed's QE3 announcement, and gold miners (GDX +4.3%) are performing even better: NEM +5.4%, ABX +3.5%, GFI +3.8%, GG +4.9%, FCX +3.9%. Silver spiked even more, and silver miners (SIL +6.8%) are soaring too: SLW +5.1%, HL +5.3%, PAAS +4.8%, CDE +6.2%.
  • Sep. 13, 2012, 1:36 PM
    More FOMC: We'll hear more from Bernanke soon, but further reflection reveals the true power of today's QE3 announcement. By making the asset purchase program open-ended, the onus now falls onto the hawks to assemble the votes to end it. QE could be Fed policy for a very long time. Stocks, gold, silver, and currencies not nicknamed the greenback all seem to have realized this and moved sharply higher.
  • Sep. 7, 2012, 9:58 AM
    Gold hits its highest level since February, +1.4% to $1,731 as QE expectations for next week ratchet up following the payroll report. Silver and copper follow suit, both posting large gains and multi-month highs. And don't forget Beijing - now getting serious about its own stimulus efforts.
  • Sep. 4, 2012, 10:32 AM
    Gold gets jarred above the $1,700/oz. level for the first time since March as the weak ISM print naturally raises the odds of further pump-priming by the Fed. Silver posts an even sharper move, rising to $32.25, its highest price since April.
  • Aug. 31, 2012, 11:15 AM
    Gold, silver, and crude are believers - all sharply higher following what's now being interpreted as Bernanke setting the stage for more stimulus at the September FOMC meeting. GLD +1.3%, SLV +2.5%, USO +1.6%.
  • Aug. 23, 2012, 7:10 AM
    Gold continues to party as the weak Chinese PMI print overnight combines with yesterday's FOMC minutes to give rise to the idea of a lot more fiat paper chasing the same level of goods. The yellow metal (along with silver) has clearly broken through key technical levels as well. GLD +0.5%, SLV +1.6% premarket.
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SLV Description
The objective of the iShares Silver Trust is for the value of the shares of the iShares Silver Trust to reflect, at any given time, the price of silver owned by the iShares Silver Trust at that time, less the iShares Silver Trust's expenses and liabilities.
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