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iShares Silver Trust Sees $1B Outflow

iShares Silver Trust saw $1 billion outflow in the week ended May 4, 2011.

iShares Silver Trust saw $1 billion outflow in the week ended May 4, 2011, Reuters reports.The silver ETF was the second-most actively traded U.S. equity on May 4, 2011, with volume of over 188 million shares.

Investors, who added $726 million to the silver ETF in 2011, have taken out about $1.6 billion over the past two weeks. Spot silver prices, which touched $49.51 an ounce on April 28, 2011, have declined by about 25% this week.

Click here for the story from Reuters.

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