Silver- New physical silver ETF coming soon

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New physical silver ETF coming soon

Thursday, July 15, 2010
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From Mineweb:

Following up on the success of his Sprott Physical Gold Trust, which allows investors to exchange their investments for gold bullion on a monthly basis, Eric Sprott is about to launch the Sprott Physical Silver Trust.

In filings with both the SEC and SEDAR, the Sprott Physical Silver Trust seeks to raise capital via the sale of US$10 units. One analyst estimated that the trust will raise at least $287.5 million in its IPO.

The proceeds will be used to invest in...

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Topics:		Silver \| ETFs \| Commodities

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