iShares Silver Trust
Silver as an investment
has been used for many years, and can be traced back to the 16,00s and the invention of silver
for currency. Today silver is more commonly used in commercial products like jewelry and as a physical investment. Using exchange traded funds
, investors also buy shares in the silver industry, rather than one company or the physical silver itself, although with silver iShares
you can also get exposure to the physical bullion.
iShares are a series of exchange traded funds controlled by the Barclays group from its base in New York. They were originally known as Webs before being rebranded. iShares is the largest distributor of exchange traded funds in the world, and Silver Trust iShares are simply a set of exchange traded funds that track the Silver industry. The American Stock Exchange
, New York Stock Exchange, Toronto Stock Exchange, Australian Securities Exchange and a large list of other European and Asian stock exchanges list ishare funds. Silver iShares are denoted by the symbol SLV on the various stock exchanges.
Going by 2007 data the Silver Trust has over 145 million ounces of silver bullion stored away at its London branch. Towards the end of 2007 the silver was worth $15.82 per ounce.
Going by 2009 data the iShares Silver Trusts silver bullion reserves, dropped by 73.6 tonnes in the month of March alone.
Silver investment does not usually entice those looking for a really high return or firm stability, but because, like a lot of precious metals, its returns are detached from the general ebb and flow of the stock market. Most of the time if the stock market does one thing, the silver and gold markets do the opposite. For example, in the time of a crash investors rush to put money in to physical assets that hold their value like silver and gold.
Some investors believe a small percentage of your total investments should be diversified in the Silver trust as a backup for any major market problems like seen in 2008 and 2009.
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