London Silver ETF

[GoldNugget]

Jon Nones has written about a new Silver ETF in his article, Silver ETF Set to Quietly Launch in London at resourceinvestor.com

Like the existing gold etf's this new silver etf raises some serious questions about its backing.

Silver ETF Set to Quietly Launch in London By Jon A. Nones
07 Mar 2006 at 05:09 PM EST
St. LOUIS (ResourceInvestor.com) -- It slipped by right under our noses just as quietly as the media leaked the news. But don�t be fooled. Even though no official statement has yet been issued, no launch date has been given and no stock code has yet been released, a silver-backed exchange traded fund (ETF) is coming to the London Stock Exchange.
According to sources, the U.K.�s Financial Services Authority has approved a silver-backed ETF developed by ETF Securities for listing on LSE. The ETF is expected to be launched within the next month.