Wednesday, February 04, 2009

Silver - SLV USV

Interesting disparity in the percentage change. Keep an eye on how these trade.

SLV 12.42 +.10 (0.81%). iShares Silver Trust. The objective of the investment is to reflect the price of silver owned by the trust less the trust's expenses and liabilities.

USV 20.30 +1.74 (9.36%). E-TRACS UBS Bloomberg CMCI Silver ETN. The investment seeks to track the price and performance yield, before fees and expenses, of the UBS Bloomberg CMCI Silver Total Return index. The fund is designed to be representative of the entire liquid forward curve of the silver contracts. The index measures the collateralized returns from a basket of silver futures contracts. It is comprised of the silver futures contracts included in the CMCI with five target maturities.

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