Strong earnings reports from key companies in the Green Economy sparked a rally in the NASDAQ OMX Green Economy Index (QGREEN) this week, leading equities markets higher. Meanwhile, silver and gold remained under pressure with the PHLX Gold/Silver Sector Index (XAU), a measure of gold and silver mining stocks, dropping 3.8%.

”Precious metals have experienced volatile trading this week, dropping to its lowest level in two and a half years,” said Dave Gedeon, Managing Director, NASDAQ OMX Global Indexes. “Changing inflation expectations and sustained strength in the U.S. Dollar has curbed the demand for gold and silver as a long-term investment vehicle.” 

For a look at the top weekly index movers, top five equity indexes, top five commodity indexes and other notable index moves, click here.

NASDAQ OMX is proud to welcome a new Silver ETP, the CreditSuisse Silver Shares Covered Call Exchange Traded Note (SLVO). SLVO will track to the CreditSuisse NASDAQ SilverFLOWS106 Index (QSLVO).

SLVO gives investors an opportunity to add physical silver shares to their investment portfolio through a covered call strategy. In this approach income is generated from premiums paid by call options on long positions. This ETN is similar to the CreditSuisse Gold Shares Covered Call ETN (GLDI) that launched on NASDAQ last quarter.

The SilverFLOWS106 Index can be found in the NASDAQ Dividend and Income Index Family,