Notable ETF Movers of the Day 11/08: (SLV) Higher; (FXI) (XRT) Lower

November 8, 2012 3:06 PM EST


iShares Silver Trust ETF (NYSE: SLV) gained 1.6 percent to 31.30. The spot price of silver climbed above $32 per once, extending election-fueled gains. Gold and SPDR Gold Shares ETF (NYSE: GLD) had goods days, climbing 0.7 percent. Bullish sentiment is tied to hope that loose Fed monetary policy will continue under the Obama administration.

iShares FTSE China 25 Index Fund (NYSE: FXI) declined 2.4 percent to 36.38. Shares in China fell in sympathy with equities in New York. China is electing a new leader this week - a once in a decade event - which may be causing jitters as investors are unaccustomed to China's new rulers.

SPDR S&P Retail (NYSE: XRT) declined 1.8 percent to 61.48. Shares of Supervalu (NYSE: SVU) and Kohls (NYSE: KSS) led the decline, falling 4 percent. Kohls decline is tied to its earnings report this morning. Specifically, investors were disappointed by lower Q4 guidance.

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