Buy Gold

Learn how to buy and sell gold in our online guide to gold investing
Subscribe to RSS feed
Gold News | Gold Investing | Scrap Gold | Buy Gold Bars and Coins | Buy & Sell Bulk Bullion | Sell Your Gold | Gold Forums
Thursday, November 15th, 2018 - Buy Gold - Bringing you trusted gold news and gold investing information since 2006

Silver Miners ETF: Belle of the Ball

Silver prices these days seem to be unstoppable. But it’s not just the physically-backed silver exchange traded funds leading the charge higher.

No, Global X Silver Miners (NYSEArca: SIL) is up 19% in the last month, and it’s more than holding its own against the physical ETFs like iShares Silver Trust (NYSEArca: SLV) and ETFS Physical Silver (NYSEArca: SIVR), both of which are up more than 22% in the last month.

Just as gold miners see their profit margins increase when gold prices are high, silver miners enjoy similar benefits. Global X’s fund is also a good play as an alternative for investors who aren’t interested in physically-backed or futures-based options.

The ETF Professor on Benzinga reports that SIL is one year old today and has almost $500 million in assets under management. In the last year, the fund has gained 106.9%.

That may have you asking whether it’s too late to join the party. Some analysts say no: silver miners and silver prices still have plenty of upside left.

One thing to consider, says Murray Coleman for Barron’s, is the U.S. dollar. As long as it remains weak, it could spur more interest in silver and keep prices going in the direction they have been all along.

If you want to own this fund, it’s above its trend line– a buy signal. You can offer yourself some downside protection by having an exit strategy if silver’s rally is starting to wind down.

Disclosure: No positions

The original article is published at http://www.c2ads.net/full-text-rss/makefulltextfeed.php?url=http://seekingalpha.com/sector/gold-precious.xml&format=rss&submit=Create+Feed


Looking for a precious metals provider that sells gold coins and bullion (including junk silver)? Click here to visit our favorite provider (FREE SHIPPING!).



© Copyright 2018, Buy Gold