LAS VEGAS, NV . Already flirting with highs not seen since the 80s, U.S.
benchmark silver futures surged past a 22-year high following Tuesday’s news
that the U.S. Securities and Exchange Commission (SEC) has approved rule
changes to allow a silver exchange traded fund (ETF). Silver’s high on both
Tuesday and Wednesday was more than double that of four years ago.

“With the current price levels of both silver and zinc we look forward to
beginning our work in Bolivia,” said Jaime Melgarejo, Franklin CEO. “We feel
that negotiations are nearly complete and work in the Cerro Rico could begin
soon. And our shareholders could realize the benefit of a rising world-wide
demand for silver.”