$ Silver $
- Thread starter SethArb
- Start date
Magna
Administrator
Barclays is filing to add shares to SLV (silver ETF). Definitely bullish.
NEW YORK, Oct 2 (Reuters) - Barclays Global Investors on Monday said it had filed with the Securities and Exchange Commission to register 15.2 million new shares of the iShares Silver Trust
...The registration would almost double the amount that could potentially be invested in the trust to 32 million shares.
...Barclays launched the exchange traded fund in April with a cap of about 16.8 million iShares available for investors.
...The ETF is backed by silver bullion stored in vaults in allocated accounts. Each share is worth 10 ounces of silver, meaning that, fully subscribed, it could now hold 320 million ounces, an increase of 152 million.
...Investors must buy the shares before the trust administrators will buy the bullion to back it.
Link to Reuters article...
NEW YORK, Oct 2 (Reuters) - Barclays Global Investors on Monday said it had filed with the Securities and Exchange Commission to register 15.2 million new shares of the iShares Silver Trust
...The registration would almost double the amount that could potentially be invested in the trust to 32 million shares.
...Barclays launched the exchange traded fund in April with a cap of about 16.8 million iShares available for investors.
...The ETF is backed by silver bullion stored in vaults in allocated accounts. Each share is worth 10 ounces of silver, meaning that, fully subscribed, it could now hold 320 million ounces, an increase of 152 million.
...Investors must buy the shares before the trust administrators will buy the bullion to back it.
Link to Reuters article...
Silver isn't a sure thing anymore?Quote from SethArb:
at some point in time will silver go back to below $10 ?
at some point in time will silver go back above $12 ?
gotta love the Volatility !!!
it certainly has come alive all of the sudden, good sign indeed. I was hoping to see $10 or possibly even $9.50 range before a lot more upside, we will see. At the moment I see early bullish signs in daily and weekly charts in the face of the monthly one. I think this is where "the real battle" will begin between bulls and bears, but I personally am more bullish long term on silver. There has been quite a few predictions on ET recently regarding tops/bottoms, if I was to make a prediction I would say that $9 range is about as low as we will ever go on silver in the future years to come.
Any thoughts?