Investors Seeking Gold Alternative Lift Largest Silver ETF Assets

Bloomberg reported that assets in the biggest silver ETF registered the largest gain in five years, given momentum by investors who are seeking an alternative to gold.

As quoted in the market report:

Holdings jumped 572 metric tons, or 5.9 percent, the biggest increase since December 2007, according to data on the iShares website today. BlackRock Inc. (BLK), the manager of the fund, confirmed the figures. The metal worth $579 million boosted assets to 10,735 tons, the most since May last year.

To view the whole Bloomberg report, click here.