Flows Coverage: iShares Silver Trust (ETF) Registered $-103.42M Redemptions Amid -1.70% AUM Decrease

Flows Coverage: iShares Silver Trust (ETF) Registered $ 103.42M Redemptions Amid  1.70% AUM Decrease

Today were reported iShares Silver Trust (ETF) (NYSEARCA:SLV)‘s daily net flows. The ETF registered $-103.42M asset outflows for -1.70% decrease, reaching $5963.85M after yestarday’s trading session. The chart of iShares Silver Trust (ETF) shows negative short-term setup. In the net flows calculation is not included the performance of the etf but only share redemptions (outflows) and share purchases (inflows). Net outflows leads to less cash for managers to invest, which theoretically decreases demand for the etf’s holdings. The ETF decreased 0.06% or $0.01 during the last trading session, hitting $15.72. iShares Silver Trust (ETF) (NYSEARCA:SLV) has declined 2.60% since April 20, 2016 and is downtrending. It has underperformed by 7.16% the S&P500.

The ETF’s YTD performance is 28.66%, the 1 year is 14.66% and the 3 year is -7%.

iShares Silver Trust (ETF) is in the ETF category: , is part of the fund family and currently has $ net assets. It was started on 1/1/0001. iShares Silver Trust (ETF) is in the ETF category: , is part of the fund family and currently has $ net assets. It was started on 1/1/0001. The fund’s top holdings are: Silver for 100.00% of assets.

More notable recent iShares Silver Trust (ETF) (NYSEARCA:SLV) news were published by: Etfdailynews.com which released: “Here’s Why Silver Is Probably a “Buy” Again” on November 21, 2016, also Etfdailynews.com with their article: “Was Silver’s Rally This Year Just a False Breakout?” published on November 16, 2016, Seekingalpha.com published: “Will The Fed Lift The iShares Silver Trust ETF?” on June 13, 2016. More interesting news about iShares Silver Trust (ETF) (NYSEARCA:SLV) were released by: Seekingalpha.com and their article: “Silver Gets Ugly” published on November 21, 2016 as well as Etfdailynews.com‘s news article titled: “Major Silver Buying Opportunity on This Pullback (SLV, SIL)” with publication date: August 24, 2016.

SLV Company Profile

iShares Silver Trust (the Trust) owns silver transferred to the Trust in exchange for shares issued by the Trust. The Trust’s each share represents a fractional undivided beneficial interest in its net assets. The assets of the Trust consist of silver held by the Trust’s custodian on behalf of the Trust. The activities of the Trust are limited to issuing baskets of shares in exchange for the silver deposited with the custodian as consideration, selling silver as necessary to cover the sponsor’s fee, Trust expenses not assumed by the sponsor and other liabilities, and delivering silver in exchange for baskets of shares surrendered for redemption.

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