Another milestone is reached, whether it be a physical or paper one...

Regards - VHF

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Yousa! Eight Thousand Tonnes!

Tim Iacono

Monday, February 23, 2009

The folks over at the iShares Silver Trust (NYSE:SLV) were quite busy last week, adding a total of 420 tonnes of silver to their stash, pushing the inventory at the world's most popular silver ETF above the 8,000 tonne level for the first time ever.

Since the first of the year, they've added 1,234 tonnes to the trust, an increase of about 18 percent. During that time, the price of silver has risen almost 30 percent, the best performing commodity so far in 2009 by a wide margin.