Gold ETFs Flat, Silver ETFs Slip (GLD, IAU, SLV, AGQ, PPLT)

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goldbar 300x211 Gold ETFs Flat, Silver ETFs Slip (GLD, IAU, SLV, AGQ, PPLT)Precious Metals ETFs mixed as market corrects

Precious Metals ETFs finished mixed today as overall markets corrected and investors continue to wait for the outcome of Greece and Europe.  Silver ETFs were hit particularly hard today, as NYSEARCA:SLV and NYSEARCA:AGQ lost almost a percent each.

Precious metals ETFs will likely see a large surge if a “Grexit” or Greek exit from the Euro triggers a collapse of the world’s most powerful currency.  Since precious metals have lately been viewed as a safe haven against toxic or weak currencies, any tremor within the Euro will likely place profits on gold and silver ETFs.

Gold ETF Update:

Gold Spot Price: $1592.00/oz, +.09%

SPDR Gold Trust ETF (NYSEARCA:GLD): +.06%, This ETF reflects the current price and trends of Gold Bullion and so offers exposure to the gold market within a brokerage account.  The gold spot price for NYSEARCA:GLD is determined by the 24 hour global over-the-counter (OTC) gold market.  The SPDR Gold Trust ETF (NYSEARCA:GLD) is the world’s largest gold ETF and second largest ETF in existence.

iShares Gold Trust ETF (NYSEARCA:IAU): +.13%, This ETF reflects the current price and trends of Gold Bullion and so offers exposure to the gold market within a brokerage account.  The iShares Gold Trust ETF (NYSEARCA:IAU) is backed by gold held in trusts located in London, Toronto, and New York.  The gold spot price for the iShares Gold Trust ETF (NYSEARCA:IAU) is set by the London PM Fix Price for spot gold as determined by the London Bullion Market Association.

Silver ETF Update: 

Silver Spot Price: $28.50/oz, -.07%

iShares Silver Trust ETF (NYSEARCA:SLV): -.40%, This ETF reflects the current price of silver and trends of Silver Bullion and so offers exposure to the silver market within a brokerage account.  The iShares Silver Trust ETF (NYSEARCA:SLV) is backed by real silver and the silver price is set by the London PM Fix Price for silver as determined by the London Bullion Market Association.

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