2016 marks the 10th anniversary of iShares Silver Trust.
With more than 330 million ounces of silver valued at over $5.5
billion in U.S. dollars held, the trust is now recognized as the
world's largest investment product backed by silver, according to The Silver Institute.
According to The Silver Insitute, the trust provides exposure to the
day-to-day movement of the price of silver bullion and uses the London Bullion Market
Association silver pPrice as its benchmark.
Connect with Coin World:
"Today, iShares Silver Trust accounts for 94 percent of silver
holdings in ETPs [exchange traded products] held by U.S. investors
and 52 percent of holdings in ETPs held globally," according to
The Silver Insitute.
For more information, visit The Silver Institute's latest article on
iShares Silver Trust here.