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ETFS Silver Trust sees record trading volumes on NYSE ARCA


ETF Securities USA LLC (ETFS) announced today that volume of shares traded in the ETFS Silver Trust (SIVR) exceeded a record for week of May 2nd, 2011.

ETF Securities USA LLC (ETFS) announced today that volume of shares traded in the ETFS Silver Trust (SIVR) exceeded a record for week of May 2nd, 2011. Shares reached a record 5.25 million traded on May 5th, 2011 with value of USD740 million traded for the whole week. Average daily volume in SIVR increased 18.5 times from USD8m toUSD$148m on the back of high volatility in the silver market.

SIVR began trading on the NYSE ARCA on July 24th, 2009 and has since firmly established itself in the physically backed product landscape offering exposure to silver at the lowest management fees (30bps) of any physically backed silver ETF in the US market.

The highlights of SIVR are:

Physically-backed: SIVR shares represent interest in physical silver bullion held in a London Bullion Market Association (LBMA)2 approved secured vault

Expense Ratio: SIVR has a current expense ratio of 0.30% per annum

Competitively Priced: Currently, the ETFS Silver Trust expense ratio is the lowest priced physically-backed silver product in the US ETP market

Silver Bars Audited: All silver bar numbers published daily to:

Commenting on the record week for SIVR, William Rhind, Head of Sales & Marketing for ETFS Marketing LLC, says: “The week of May 2nd was a ground breaking week for SIVR with product records set for both volume of shares traded and value. The transparent3 and liquid4 nature of the product provided investors who were sellers or buyers that week with the ability to access liquidity in an orderly and efficient manner, against a highly volatile market backdrop for silver prices.”

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