Red-Hot Resources

"Luck is not chance, it’s toil; fortune’s expensive smile is earned.”

Wednesday, April 16, 2008

Bullish Silver Factoid and Chart

The iShares Silver Trust (SLV) now holds 184.7 million ounces of silver. That is more than 20% of the world’s TOTAL demand for silver in 2006, the last year for which The Silver Institute has published records and MORE than the total amount of silver produced by mines that year -- 161.4 million ounces.

In other words, silver ETFs around the globe are becoming a real force in the market.


Check out my new gold and energy blog at