Prediction: This Silver ETF Will Take Off After May 15
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Investors don't appear to be as excited about silver as they were earlier in the year. On Monday, the precious metal was trading around $73, a far cry from the highs it reached in January, when it traded above $121 per ounce. That's a 40% decline since then. Typically, there's significant demand for silver and gold when investors are concerned about the economy, which doesn't appear to be the case these days. The S&P 500 has been rising of late, and in the process, silver has been sliding. During the past three months, the broad index has climbed by 4% in value, while the iShares Silver Trust (NYSEMKT: SLV), which tracks the price of silver, has fallen by 14%.However, I predict that after May 15, investors will once again begin loading up on silver.Continue readingWeiter zum vollständigen Artikel bei MotleyFool
Quelle: MotleyFool
