Biggest Silver ETF Adds 572 Tons in Largest Gain in Five Years
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Assets in iShares Silver Trust, the biggest exchange-traded fund for the metal, climbed the most in five years as more investors are seeking an alternative to gold.
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., 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.