Over the past week, gold holdings in the SPDR Gold Shares Trust (GLD) fell, while silver holdings in the iShares Silver Turst (SLV) rose. These changes occurred amidst a decline in the price of the metals and a buoyant stock market.
The iShares Silver Trust, which represents the largest exchange traded fund backed by silver, increased by 13.85 metric tons from the previous week. Total holdings are now 10,917.19 metric tons, or 350.996 million ounces.
Holdings within the SPDR Gold Trust fell by 11.38 metric tonnes in the past week to 1,272.68. Trust holdings had reached a record high of 1,320.47 on June 29, 2010. The decline in holdings from the high is now 47.79 metric tons, or 3.6%. During the same period the price of gold has risen by more than 10%.
GLD and SLV Holdings (metric tons)
| Jan 5, 2011 | Weekly Change | YTD Change | |
| GLD | 1,272.68 | -11.38 | -8.04 |
| SLV | 10,917.19 | +13.85 | +4.38 |
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