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New Silver Fund Gets Go-Ahead.
The long-awaited go-ahead for the listing of the world's first silver-backed exchange-traded fund came on Thursday after the Securities and Exchange Commission, the US regulator, approved plans by Barclays Global Investors to list its iShares silver trust on the American Stock Exchange.
Barclays said it would list the new tracker fund on Friday. The iShares silver trust is designed to attract more investors to the silver market, without them having to worry about buying the physical metal or buying silver mining shares.
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