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ETF Trends reported that European debt woes and a higher US dollar are pushing silver ETFs down.
ETF Trends reported that European debt woes and a higher US dollar are pushing silver ETFs down.
As quoted in the market news:
The iShares Silver Trust (NYSEArca: SLV) was down nearly 4% in midday trading. Silver ETFs have been extremely volatile in 2011 on economic uncertainty, expectations of further currency debasement and changes in margin requirements.
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