SILVER TRADING IN COUNTRY

Silver trading is less then gold in price but very important in trade world. Stocks Index of silver gave in following:
Stocks Index
Silver – SLV Exchange Traded Fund
Silver is in much of the same situation as gold. We are waiting to see what happens here at these support levels.

Last week after much publicity and a long wait, the Barclay's Silver ETF (SLV) finally started trading. And it looks like the wait was worth it. Each share represents 10 ounces of silver. Trading began at $129 a share and at the end of trading for the first day, the new Exchange Traded Fund closed at $138.12 after trading more then 2 million shares on it's first day of trading. This new fund appears to be immensely popular with traders. It is one of the new Exchange Traded Funds that is acting more like a commodity then a stock. Exchange Traded Funds which ten years ago were very conservative and were mostly mirrors of major stock indexes, are now getting very creative in the sectors they represent and also in the underlying financial instrument they represent. You can now but an ETF that invests in gold, silver or oil. When the equity markets are looking dull, investors can now move their money into funds that are driven by commodities. While not as volatile as the futures markets, these funds can still have wide price swings. Silver and Gold have been recently trading at multi decade highs. With inflation beginning to increase and volatility in world energy markets, these metals could continue to increase in value. Another factor, especially driving the price of silver is the approval of Barclay's new silver fund. The fund is backed by physical silver and trading in this fund has created a demand for physical silver. This will likely continue to drive the price of silver upward. As the second day of trading ended with 1.5 million shares traded and silver continuing to move slightly upward, there is speculation on how long this trend will last.