Silver has always been the redheaded stepchild of gold throughout human history. While its beauty, scarcity and utility have certainly been appreciated since pre-history, silver just isn’t as rare as gold and has never been esteemed as highly. For much of history, though, silver has been money. While the average laborer (or peasant) probably never saw a single gold coin in their hands in their lifetime, silver money was a different story [for more silver ETF news and analysis subscribe to our free newsletter].
For the most part, silver has had a rather impressive yet volatile year. Often overshadowed by its golden competitor, this shiny metal has been able to gain some significant traction over the last four months to make up for its summer dip. And as such, two popular exchange-traded funds have rewarded those investors patient enough to ride out the swings: iShares’ Silver Trust (SLV) and Global X’s Silver Miner ETF (SIL). Though each fund takes a vastly different approach to the silver market, a close look at their performance on a year-to-date basis shows why these two picks are among investor’s top choices [for more silver ETF news and analysis subscribe to our free newsletter]:
Investing for income has become a popular strategy in recent years, as low rate environments and paltry yields have made a steady stream of income a coveted luxury. Similarly, investing in gold and silver has been surging in popularity as the years have gone on. Investors worried about inflation and a weakening economy have flocked to these precious metals in order to protect their portfolios. But what many investors do not know, is that they can combine these two worlds [for more gold news and analysis subscribe to our free newsletter].
Just a short time ago, silver had been surging relatively under the radar. Its strong gains were out-shined by gold, despite the white metal performing better than its more popular counterpart. But recent weeks have seen some weakness restored to the silver market, as October is notoriously weak for precious metals. Since peaking in early October, silver has dropped by nearly 7.4%, marking hefty losses for just a handful of trading sessions [for more silver news and analysis subscribe to our free newsletter].
So far this year, investors that have held silver assets are outperforming the market as a whole. There are a number of exchange traded funds, or ETFs that offer broad exposure to the precious metal, and most are up more than the S&P 500 index. Two of the primary silver ETFs are the iShares Silver Trust (SLV) and Global X Silver Miners ETF (SIL). Despite their slightly different focus, their performance in 2012 is quite close, though it had diverged until very recently. Below is an overview of each ETF and a comparison of their performance on a year-to-date basis [for more silver ETF news and analysis subscribe to our free newsletter].
Silver investing often takes a backseat to gold, as the yellow precious metal seems to gobble up all of the headlines and press. But silver continues to present itself as a strong investment, with many feeling that it is an even better buy than gold, as it is historically undervalued by some comparisons. When it comes time to add silver exposure to your portfolio, or to keep up with investments you have already made, it can be hard to sort through all of the data and information. In an effort to keep our readers informed on their favorite commodity, we list the top 50 silver blogs (in no particular order) to keep you in-the-know on this white metal [for more silver news and analysis subscribe to our free newsletter].
It has been an interesting year for investors and traders focused on the metals. While ongoing economic uncertainty and recent additional monetary stimulus from the Fed has kept gold in the news, silver has quietly had a strong run as well. Amidst that uncertainty, industrial metals like copper have not done nearly so well [for more commodity news subscribe to our free newsletter].
For all of you technical junkies out there, it may be time to take a closer look at silver and its respective investment vehicles. In the past few days, silver completed the “golden cross” as its 50 day moving average jumped past its 200 day average. This comes as good news especially given that the commodity suffered a death cross back in November of 2011. A moving average crossover is a lagging technical indicator because it generates a delayed signal that a trend reversal has occurred, making this a potentially significant event [for more silver news and analysis subscribe to our free newsletter].
Jim Rogers is easily one of the most famous investors of all time. His astounding track record has led him to become one of the most successful traders ever, earning deep respect throughout the financial world. Better yet, Rogers is not the least bit shy about speaking his mind, whether he is right or wrong. Some of his previous statements included the fact that anyone who doesn’t invest in commodities is a fool, that gold will surely drop 20% from its current levels, and now, Rogers has stated that silver is a better investment than gold [for more gold and silver news subscribe to our free newsletter].
Last week saw no shortage of activity in global equity markets–not by a long shot. Greece once again dominated the headlines, as a back-and-forth plan for a referendum took markets by surprise on multiple times throughout the week, ultimately ending with a plan that seemed to point to Greece’s continued inclusion in the currency bloc. The ongoing debt saga in Europe distracted investors in part from an abundance of activity on the domestic front, including another major bankruptcy and a long-awaited IPO to close out the week.