![]() ![]() Investors can tap silver equities with the Global X Silvers Miners ETF (NYSEArca: SIL) and related ETFs. “In addition, gold’s continuous presence at levels over $1700 per ounce will likely lead to an influx of new money into the whole precious metal sector and help silver show more upside.” dollar could help silver gain more ground since it makes silver cheaper for buyers who have other currencies,” according to FXEmpire. ![]() Once the profit-taking activity in silver comes to an end, the weaker U.S. However, some commodities market observers believe the recent silver decline is poised to give way to some near-term upside. “Silver continues to trade in a range between the 20 EMA at $15.10 and the 50 EMA at $15.50 after an unsuccessful attempt to settle below $15.00,” reports FXEmpire. Rising interest rates make bonds and other fixed-income investments more attractive so that the money will flow into higher-yielding investments, such as bonds and money market funds, and out of precious metals, which offers no yield at all during times of higher interest rates, and back into metals ETFs. Silver is believed by many investors to be inversely correlated with interest rates. Gold ETFs are garnering plenty of attention in the commodities space and with the performance to justify the adulation, but silver counterparts, such as the iShares Silver Trust (SLV), are still waiting on their time to shine. ![]()
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