In today’s session iShares Silver Trust (ETF) (SLV) registered an unusually high (260) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the November, 2016 call, expecting serious SLV increase. With 260 contracts traded and 8254 open interest for the Nov, 16 contract, it seems this is a quite bullish bet. The option with symbol: SLV161118C00016000 closed last at: $0.81 or 4.7% down. The ETF last traded at $16.72 per share. It is up 12.44% since March 16, 2016 and is uptrending. It has outperformed by 6.90% the S&P500.
iShares Silver Trust owns silver transferred to the Trust in exchange for shares issued by the Trust. The ETF has a market cap of $6.44 billion. The Trust’s each share represents a fractional undivided beneficial interest in its net assets. It currently has negative earnings. The assets of the Trust consist of silver held by the Trust’s custodian on behalf of the Trust.
SLV Company Profile
iShares Silver Trust (the Trust) owns silver transferred to the Trust in exchange for shares issued by the Trust. The Trust’s each share represents a fractional undivided beneficial interest in its net assets. The assets of the Trust consist of silver held by the Trust’s custodian on behalf of the Trust. The activities of the Trust are limited to issuing baskets of shares in exchange for the silver deposited with the custodian as consideration, selling silver as necessary to cover the sponsor’s fee, Trust expenses not assumed by the sponsor and other liabilities, and delivering silver in exchange for baskets of shares surrendered for redemption.
More notable recent iShares Silver Trust (ETF) (NYSEARCA:SLV) news were published by: Etfdailynews.com which released: “Here’s What Election Years Mean For Silver Prices” on October 19, 2016, also Etfdailynews.com with their article: “Gold and Silver’s Pullback May Only Just Be Beginning” published on October 13, 2016, Benzinga.com published: “Alan Knuckman iShares Silver Trust ETF Trade” on August 29, 2016. More interesting news about iShares Silver Trust (ETF) (NYSEARCA:SLV) were released by: Etfdailynews.com and their article: “Silver ETFs Carry Exceptional Risk” published on July 21, 2016 as well as Etfdailynews.com‘s news article titled: “Silver Prices Plunge to Three-Month Lows” with publication date: October 04, 2016.
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