All the focus has been on the Barclays potential ETF, and the market hung onto its gains even though the mine strike in Mexico has already ended.
All the focus has been on the Barclays potential ETF, and the market hung onto its gains even though the mine strike in Mexico has already ended.
There are so many entities and individual investors who don't buy silver because they have no place to store it. The silver ETF overcomes that problem.
If you're saying, 'I think this year China, or Japan, is the winning place,' well, you have to agonize over that decision more if you're choosing among mutual funds. And while you may not go into an ETF saying, 'I'm going to trade this thing,' if avian flu breaks out, you can be out of there in 20 minutes. So that takes some pressure off.
Silver's recent rally appears to have been driven by intensifying speculation that the proposed ETF will soon gain approval from the SEC, although we have seen no indications on the possible timing.
Conditions are set to remain volatile in silver for some time to come as traders await the SEC's decision on Barclay's ETF application.
Silver is taking center stage ... with the news of Barclays' silver ETF a step closer to possible approval. We have some gold investors moving into the silver market.
Gold, silver and platinum started the week off on positive footing with continued excitement in the silver markets regarding the proposed silver ETF in the United States.
Silver has moved to the fore following the ETF news of the past week and the metal looks set to trade above 10oz in the near term.
The launch of the silver ETF is expected to draw large investment money into the silver markets, which would most indisputably take silver prices much higher.
The time for the announcement for the ETF is getting closer. Basically, the turnover is very small in silver because all players and traders are very nervous about the price at the moment.
We suspect that technical buying of gold and silver on COMEX (New York) will be triggered by a positive announcement of the silver ETF.
There's a lot of inflow into silver in anticipation of the ETF.
© 2020 Inspirational Stories
© 2020 Inspirational Stories