Silver Fund Gathers $600 Million This Week to Lead ETF Inflows

ETF Trends

The iShares Silver Trust (SLV) has gathered inflows of more than $600 million so far this week, which represents approximately 6% of the assets under management in the fund, to lead all ETFs.

The silver ETF, which has an expense ratio of 0.50%, has also seen call activity in the options market for the past few sessions as the ETF has bounced off of multi-month lows and is now above its 200 day moving average and within shouting distance of its 50 day MA.

Going back to asset flows, SLV is among the top of all ETFs in recent sessions in terms of net creation activity.

In what is likely related activity, price action in long Gold linked products has been similar to that of SLV lately, and there has been a presence of call buyers in SPDR Gold Shares (GLD), Expense Ratio 0.40%, as well.

SLV has been around since 2006 and trades on average more than 11 million shares, so it is clearly on the radars of institutional portfolio managers whom are looking for exposure to this specific metal.

Other ETPs in the “long” Silver space that may see accelerated activity in the near term include AGQ (ProShares Ultra Silver, Expense Ratio, 0.95%), SIVR (ETFS Silver Trust, Expense Ratio, 0.30%), USLV (VelocityShares 3X Long Silver ETN, Expense Ratio 1.65%), and DBS (PowerShares DB Silver, Expense Ratio, 0.79%) for instance.

iShares Silver Trust

View photo

.
silver-etf-slv

silver-etf-slv

For more information on Street One ETF research and ETF trade execution/liquidity services, contact Paul Weisbruch at pweisbruch@streetonefinancial.com.

View Comments