where is the silver etf heading?

C Voice mentioned the increasing margin requirements when trading silver contracts.

That is engineered by the FED.

I don't think, the FED will tolerate the existence of a silver ETF assuming there are no restrictions.

Obviously, when the FED raises margins on the one hand, it can't tolerate higher silver prices arising from a free operation of a silver ETF.

So, there will either be stringent conditions attached to any float of an ETF or a long delay before approval.

What I am saying is that a Silver ETF registered in Europe or the UEA may have more success. If one had been buying in silver, then it could be launched now.

But don't rely on the FED to assist the establishment of any ETF which is contrary to its interest. That could finally affect silver prices.

You saw it here first!

Gerry