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Wednesday, November 10, 2010

iShares Silver Trust (NYSE:SLV) Adds 113 Metric Tons

iShares Silver Trust (NYSE:SLV) added 113 metric tons of silver to its holdings, bringing their total to 10,366.03 metric tons.

The price of silver and gold plunged Tuesday as the market took a breather and the U.S. dollar temporarily strengthened. Silver futures prices fell to $26.86 an ounce on the Comex division of the New York Mercantile Exchange for December delivery.

iShares Silver Trust participated in that drop, closing at $26.18, losing $0.97, or 3.57 percent.

iShare is the largest exchange-traded fund backed by silver.

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