Will iShares Silver Trust (ETF) Go Down Anytime Soon? Option Trader Doubt That

 Will iShares Silver Trust (ETF) Go Down Anytime Soon? Option Trader Doubt That

In today’s session iShares Silver Trust (ETF) (SLV) registered an unusually high (3,234) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the December, 2016 call, expecting serious SLV increase. With 3,234 contracts traded and 160834 open interest for the Dec, 16 contract, it seems this is a quite bullish bet. The option with symbol: SLV161216C00018500 closed last at: $0.27 or 12.5% up. iShares Silver Trust (ETF) (NYSEARCA:SLV) has risen 19.36% since April 8, 2016 and is uptrending. It has outperformed by 13.71% 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 $6.64 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: “Which Way Are Silver Prices Headed for 2017?” on November 08, 2016, also Seekingalpha.com with their article: “Will The Fed Lift The iShares Silver Trust ETF?” published on June 13, 2016, Etfdailynews.com published: “Analyst: Silver’s Rally Is Officially Back On” on November 03, 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: “Analyst: Time To Buy Silver Again” with publication date: November 01, 2016.

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