Physical Silver ETF Falls 9% After Follow-On Offering
January 18, 2012 at 09:45 AM EST
Shares of Sprott Physical Silver Trust (NYSEArca: PSLV) were down 9% on Wednesday morning after the exchange traded fund announced a follow-on offering, the proceeds of which will be used to purchase silver bullion. The closed-end fund is listed on NYSE Arca and the Toronto Stock Exchange, and is...