Silver ETF approved

Discussion in 'ETFs' started by rhymeswithorang, Mar 21, 2006.

  1. well ... looks like the hedge funds if they are short this ETF are in the red ... and the retail spec are in the black today

    what I can't figure out is how it was priced ...

    why in the $130's and not $13's ?

    is this to try to keep the small fry away from this
    product?
     
    #11     Apr 28, 2006
  2. tomcole

    tomcole

    Its 10 ozs per share, why? I have no idea.
     
    #12     Apr 28, 2006
  3. hey thats it ... if each share = 10 OZ

    then it does make sense for it to price
    in the 130's with spot silver above $13

    :p
     
    #13     Apr 28, 2006