Silver ETFs Outperform Mining Stocks
Source: Mineweb.com (2/25/08)
The best performing "stock" in the sector, which includes a selection of 50 names, is an ETF, in the form of iShares Silver (SLV US, $178.77a unit).
The multi year resources boom that has fully extended through raw materials, commodities and metals has seen lots of new names cropping up on stock exchanges, leaving investors with ever-wider choices. The total market capitalisation of the 50 selected silver names (reflected in the table below) is $41.2bn, falling short of the single market capitalisation of the world's most valuable gold stock, Barrick (ABX US, $49.61), at $43.1bn, and far short of the world's biggest diversified resources stock, BHP Billiton (BLT LN, £16.18), which currently carries a market value of $192bn.