What’s Next for iShares Silver Trust (ETF) After Today’s Bullish Options Activity?

 What's Next for iShares Silver Trust (ETF) After Today's Bullish Options Activity?

In today’s session iShares Silver Trust (ETF) (SLV) registered an unusually high (4,512) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the March, 2017 call, expecting serious SLV increase. With 4,512 contracts traded and 7074 open interest for the Mar, 17 contract, it seems this is a quite bullish bet. The option with symbol: SLV170317C00017500 closed last at: $0.33 or 2.9% down. iShares Silver Trust (ETF) (NYSEARCA:SLV) has declined 6.62% since April 28, 2016 and is downtrending. It has underperformed by 12.54% the S&P500.

Analysts await iShares Silver Trust (ETF) (NYSEARCA:SLV) to report earnings on February, 6.

iShares Silver Trust owns silver transferred to the Trust in exchange for shares issued by the Trust. The ETF has a market cap of $5.61 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: “Peak Silver Production Means Higher Prices Are Inevitable” on November 29, 2016, also Etfdailynews.com with their article: “Silver Is Officially Back In A Bear Market” published on November 25, 2016, Seekingalpha.com published: “Will The Fed Lift The iShares Silver Trust ETF?” on June 13, 2016. More interesting news about iShares Silver Trust (ETF) (NYSEARCA:SLV) were released by: Etfdailynews.com and their article: “Here’s Why Silver Is Probably a “Buy” Again” published on November 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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