Well, you couldn't read about silver without reading about the ETF for the last two months. I saw estimates for a $2 rally on the approval. Silver was suppossed to be running up on expectations that the ETF would be approved. That is how tops get put it on markets, bullish news isn't bullish anymore although that is not the case here, yet. Keep in mind that I know very little about silver's fundamentals. I do know that if silver gets back down to where it spiked, I'm going to be short.
who knows. im in this for the long haul. on a dip i might buy some more but i figured thered be a huge move one way or the other... i cant find any details on the supply side of the issue. ie - how much physical will barclays gobble up under ther terms of the sec's ruling etc... ive heard anything from 1.5 million ounces to 130 million ounces. as there is really no above ground supply to speak of....
you should continue this conversation when the Barclay's ETF starts trading, in the mean time, perhaps you should look into fundamentals. What happens to the price when you want to buy 1000 shares in a company that has only 2000 shares?What happens to the price when you want to buy 1000 shares in a company that has only 1000 shares? Etc, etc. Conclusions are obvious, but everybody wants to know when? In this case "when" is determined by your patience only.
I think if you read the link I posted, you'll get the info you're looking for. Though obviously his prediction is wrong.
I love it ... "SEC anticipates no serious liquidity issues....." throw it against the wall, see if it sticks.... I guess the SUA could file suit and find a judge to halt the thing....
"according to the SEC Form S-1 filed by Barclays, only 1.5 million ounces of silver are required to be accumulated by the trust before the ETF can commence trading. "