Why Global X Silver Miners Lags iShares Silver Trust
Silver miners fortunes depend on the price of the precious metal, which has been white hot the past two years thanks to a weak dollar and record demand. But the trajectory of silver miners’ shares hasn’t been as steep.
IShares Silver Trust (SLV) — the largest physically backed silver ETF — is up 54% year to date and 161% the past 12 months. Read original article
Silver Surges to New High
Silver and gold blasted to new records Monday as the U.S. dollar weakened further, uncertainty swelled ahead of a Federal Reserve policy meeting and traders speculated that China will buy precious metals to diversify its $3 trillion foreign-exchange reserves.
Both gold and silver trade as a currency and a safe-haven asset. But the white metal is far more volatile and has benefited from industrial demand that’s driven an eye-popping rally in the past year Read original article
Gold, Silver, Platinum, Palladium in One
The first ETF to melt gold, silver, platinum and palladium together flew off the shelves upon its launch on the New York Stock Exchange Friday. ETFS Physical Precious Metals Basket Shares (GLTR) traded about 124,000 shares, valued at $9.3 million, on its first day.
Each share represents the spot price of 0.03 ounce of gold, 1.1 ounce of silver, 0.004 ounce of platinum, and 0.006 ounce of palladium. Fund provider ETF Securities already provides an ETF tracking each of these metals individually.
It decided how much of each metal to put in the fund based on liquidity, supply and industrial demand. Read original article
Silver Miners ETF Led in November
China’s insatiable appetite for metals and energy fueled rallies in silver and oil-and-gas ETFs in November.
Global X Silver Miners (SIL) vaulted 19% for the month, surpassing all nonleveraged ETFs. SIL began trading in April and has soared 63% since its debut.
It’s risen for four months straight in a nearly vertical ascent. The miners amplified returns of the underlying metal. Read original article
Gold Experts Explain Why Bullion, Dollar ETFs Falling Together
Gold and dollars usually trade in opposite directions. If the dollar is strong, you need fewer dollars to buy an ounce of gold and vice versa. A weak dollar sends investors scurrying for a safe haven.But this week they’re both selling off at the same time. PowerShares DB US Dollar Index Bullish(UUP) — which tracks the greenback against a basket of widely traded currencies — lost 2.4% this week. It has fallen below the 50-day moving average after trading above it for almost two months. Read original article
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