Last week, after a lot of publicity and a long wait, Barclays silver ETF (SLV) finally started trading. , It seems worth the wait. On behalf of 10 taels of silver per share. 129 per share, trading began, and in the end of the first day of trading, the new Exchange Traded Fund, the closing price of 138. 12 disk more than 200 million This is the first trading day.
This new fund appears to be very popular. It is a new role of exchange-traded fund like a commodity, and then the stock. Exchange Traded Funds, 10 years ago is a very conservative person largely mirror the major indexes are now very sectors they represent and the basis for financial instruments represented by the ideas. Now, you can, but an ETF is to invest in gold, silver and oil. When the stock market is looking for flat, investors can now be driven by the raw materials the Fund's own money. Although it is not like the futures market volatility, these funds may still be in the international price changes.
Silver and gold in the recent high of more than 10 years of transactions. As inflation began to rise in the global energy market volatility, these metals may continue to increase in value. Another factor, especially promoting the silver price is a new silver fund by Barclays. The fund is to support the physical silver trade, the Fund has created a demand for physical silver. This will likely continue to drive silver prices.
In the second trading day of an end. 500 million and silver trade continue to move forward a bit, we can guess how long this trend will continue. However, is not it the same day the news arrived days of silver, as many stocks. It is a long-term trend. This particular trend was the gold standard and silver as money used by Objective. With the introduction of the new silver ETF, this trend should be reversed long-term. Silver is now the first time in years, with the wealth stored.
Another trend is the use of silver as industrial metal. With the industrialization of India and China, which used as an industrial metal, silver is increasing. Now there is competition in the physical silver as an industrial metal, use and investment in physical silver is stored. This seems to be a long-term trend will keep the pressure on silver prices upward start.
Tags: barclays silver etf, China, exchange, fund, Impact, India, Long, Madeleine McCann, Major, market volatility, Prices, silver, term, Traded
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