31.07.2008 - Silver ETFs cross 200 Moz mark
From commodities-now.com: The iShares Silver Trust exchange-traded fund (ETF) achieved a major milestone- as over 200 million ounces of physical silver are currently held by the trust. Launched in April of 2006, this investment vehicle--trading on the American Stock Exchange under the symbol "SLV"--has proven in just over two years to be one the most successful commodity ETFs on the market. The ETF is managed by Barclays Global Investors (BGI), and the total assets in the trust were $3,514,052,696 as of yesterday. This exciting investment tool has made investing in silver more convenient because a grantor trust holds the metal on behalf of the investor, thus giving the investor exposure to the market without the necessity of taking physical delivery and thereby having no storage, insurance or assaying costs..".....Full Article Source
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