The largest exchange traded fund (ETF) for silver rose 1% in preopen trading Friday as the fund was set to wrap up a volatile week on a high note.
The iShares Silver Trust (NYSEArca: SLV) was up about 1% before the bell. The silver ETF is poised to end the week in positive territory after an earlier setback. Silver prices are testing $50 an ounce, a level not seen since 1980 and the Hunt brothers.
Other exchange traded products for silver include ETFS Physical Silver (NYSEArca: SIVR), PowerShares DB Silver (NYSEArca: DBS) and Sprott Physical Silver Trust (NYSEArca: PSLV).
The iShares product has seen trading volume surge this week as it has been the most active ETF with silver prices gyrating. [Silver Pushes Aside S&P 500 in ETF Trading Volume.]
The silver ETF has jumped more than 70% over the past three months.
