Silver Index

In case anyone wondered why silver has been outperforming gold, it could be due to the impending silver index.


NY silver price jumps to day's highs on ETF news
Tue Mar 21, 2006 12:57 PM ET

NEW YORK, March 21 (Reuters) - U.S. benchmark silver futures on Tuesday reversed losses to trade at session highs after the U.S. Securities and Exchange Commission said it approved rule changes for a silver exchange-traded fund.

Silver for May delivery at the COMEX division of the New York Mercantile Exchange bounced to $10.41 an ounce, up 4.8 cents, at 11:41 a.m. EST.

The SEC said it has approved rule changes that will allow the American Stock Exchange to list shares in Barclays Plc's (BARC.L: Quote, Profile, Research) iShares Silver Trust, which is designed to track the price of the metal.