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iShares Silver Trust ETF Files S-1: Set to More than Double in Size!


-- Posted 29 September, 2006 | |

On September 27, 2006 the iShares Silver Trust [AMEX: SLV] filed a S-1 to register 15,222,727 shares at a proposed maximum offering price of $110.00 per share for a maximum net offering proceeds of $1,674,449,970.


As of 09/28/2006, iShares Silver Trust showed 104,323,655 ounces of silver in the trust or 3,244.8 tonnes.  This represented 10,450,000 shares. Thus the registration of the S-1 this week will effectively increase the amount of shares and silver by just under 150%.



Profile as of 09/28/2006


Total Net Assets$1,215,952,053Ounces of Silver
in Trust
Shares Outstanding10,450,000Tonnes of Silver
in Trust
Expense Ratio0.50%Indicative Basket Silver Amount498,959.9
Beta (vs. S&P 500)N/ABasket Silver Amount498,966.8
  NAV per SLV in Silver99.793%

- Source:



Please Read the daily Gold Seeker Report for current updated values.


-- Posted 29 September, 2006 | |

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