Here comes the silver crash?

Aaron Pressman

Ok, you can stop writing in asking when, when, when will Barclays new silver ETF start trading. People, let the rejoicing begin. Trading under the symbol SLV begins today. Silver has had a wild run of late, hitting more than 20-year highs then dropping more than 10% in a day. I'll wager that some of the excitement over demand from the ETF blows off today and silver slips in the short-term. Remember, buy the rumor, sell the news...

To continue reading this article you must be a Bloomberg Professional Service Subscriber.