The largest and most liquid silver ETF is the iShares Silver Trust (NYSE: SLV).
Silver ETF holdings of 524.2 million ounces were only 0.5% below the mid-September level.
Traders can consider short selling gold ETF (GLD), silver ETF (SLV), and miner ETF (GDX).
The silver ETF ( SLV) finally triggered and lead the way higher.
While the outflows from the gold-backed ETFs are getting most of the attention, the biggest silver ETF, the iShares Silver Trust (NYSE:SLV), saw a reduction in holdings.
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SLV, a silver ETF and Silver Wheaton, SLW, which buys the silver revenue from other mines, and sells it on the open market, are the establishment ways to play silver.
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Examples include Market Vectors Gold Miners ETF ( GDX), Global X Silver Miners ETF ( SIL), and Market Vectors Agribusiness ETF ( MOO).
According to the ETF Finder at ETF Channel, EXK makes up 2.37% of the Silver Miners ETF ( AMEX: SIL )which is trading lower by about 1.1% on the day Wednesday.
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According to the ETF Finder at ETF Channel, PAAS makes up 8.12% of the Silver Miners ETF ( AMEX: SIL )which is trading lower by about 0.4% on the day Tuesday.
According to the ETF Finder at ETF Channel, EXK makes up 2.47% of the Silver Miners ETF ( AMEX: SIL )which is trading lower by about 2.2% on the day Monday.
According to the ETF Finder at ETF Channel, MVG makes up 2.71% of the Silver Miners ETF ( AMEX: SIL )which is trading lower by about 3.7% on the day Wednesday.
According to the ETF Finder at ETF Channel, EXK makes up 2.45% of the Silver Miners ETF ( AMEX: SIL )which is trading higher by about 0.1% on the day Thursday.
According to the ETF Finder at ETF Channel, HL makes up 4.59% of the Silver Miners ETF ( AMEX: SIL )which is trading lower by about 4% on the day Wednesday.
The iShares Silver Trust ETF (NYSE: SLV), which is very closely correlated to the spot price of silver, has surged nearly 22% in the last month, and more than 100% in the last year.
Silver prices, already at a 30-year high, are likely to stumble further and faster according to a sizable put butterfly strategy on the iShares Silver Trust ETF today.
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According to the ETF Finder at ETF Channel, CDE makes up 4.03% of the iShares MSCI Global Silver Miners Fund ETF (SLVP)which is trading lower by about 0.3% on the day Tuesday.
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According to the ETF Finder at ETF Channel, CDE makes up 4.69% of the iShares MSCI Global Silver Miners Fund ETF (SLVP)which is trading lower by about 0.7% on the day Monday.
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According to the ETF Finder at ETF Channel, CDE makes up 4.44% of the iShares MSCI Global Silver Miners Fund ETF ( AMEX: SLVP )which is trading lower by about 1.6% on the day Thursday.
Similar aggressive selling was seen in silver and gold ETF GDX as well as miner majors Barrick Gold and Newmont Mining.
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Record inflows mean silver-backed ETF trusts now hold record volumes of metal, both in Europe and the US. Precious-metal dealers from Germany to India to Japan report a surge in demand.
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They bailed on the iShares Silver Trust, an ETF that has dropped 50% in the past three months.
This year, the iShares Silver Trust (SLV) ETF is down 5.96%.
The ETF invests in global silver- and gold-mining companies and boasts Barrick Gold Corp. ( ABX) as its biggest holding, comprising 14.7% of the overall portfolio by value.
As of Wednesday, according to its website, the ETF held 10, 392.35 metric tons of silver, down from the May 1 level of 10, 452.50 tons.
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Gold, as measured by the GLD ETF, actually fell marginally on the news, as did silver, while yields on 10-year Treasuries moved higher, hitting 1.66%.
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In one day the SPDR Gold Trust ETF ( GLD) dropped 5.3% and the iShares Silver Trust ( SLV) lost 6.4%.
So far this year, the SPDR Gold Shares ETF ( GLD) has climbed nearly 27% and the iShares Silver Trust ( SLV) has soared nearly 75%.
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The Market Vectors Gold Miners ETF ( GDX) focuses on the larger mining companies and includes companies like Newmont Mining and Silver Wheaton in their portfolio.
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