iShares Silver Trust Experiences Notable Outflow of $196.5 Million

Today, we observe significant week-over-week changes in shares outstanding among ETFs tracked by ETF Channel. The iShares Silver Trust (Symbol: SLV) stands out with an approximate outflow of $196.5 million, marking a 1.3% decrease from 500,050,000 to 493,450,000 shares.

The accompanying chart illustrates the one-year price performance of SLV alongside its 200-day moving average:

Within its 52-week range, SLV has seen a low of $24.25 per share and a high of $31.80. The latest trading price is $29.65. Examining the current price relative to the 200-day moving average can provide valuable insights for technical analysis.

Understanding ETF Trading Mechanics

Exchange traded funds (ETFs) function similarly to stocks. Nevertheless, instead of “shares,” investors buy and sell “units.” These “units” are traded back and forth like stocks, but can also be created or destroyed based on investor demand. Each week, we monitor the changes in shares outstanding to identify ETFs with significant inflows, indicating newly created units, or outflows, suggesting units being destroyed. The creation of new units necessitates purchasing underlying holdings, while the destruction of units involves selling those holdings. Consequently, large flows can affect the individual components within ETFs.

Click here to find out which 9 other ETFs experienced notable outflows »

Additional Information:

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