Archive for the 'Silver ETF' Category

iShares ETF NYSE:SLV is resisting movement backwards, as silver and gold march forwards and upwards along with the rest of the global economy.

There hasn’t been any horrible news lately out of Europe, Korea, or the US, aside of course from that devastating oil spill in the Gulf of Mexico. However, the world economy is on pins and needles as new news of the status of Greece and the rest of Europe hasn’t come to light yet.

Another thing that one would think would have had an impact on the market of precious medals is the fact that Canada, a G7 nation, has raised its target of the overnight rate. Now that could signal a stronger economy which usually means a stronger currency and money flowing out of the precious metals markets. Or it could mean that inflation is finally catching up this economy and there is a need to try a curb it before it gets out of hand.

Either way, the price of silver along with SLV is up today in trading with SLV resisting the 18 mark and hovering around 18.10.

Investing in precious metals has always been a way to hedge against the woes of the US economy and inflation, especially in turbulent economic times like these. Well many of you know, the iShares silver trust has been the easiest way to do this by buying into the ETF which holds silver reserves for the market cap it sits at.

Well, today and yesterday the price of NYSE:SLV broke through it’s 50 day moving average of 17.60 to sit right now in mid-day trading at just over 18. That’s a big move for the precious metals market which has been out of luck lately as some groups around the world are dumping their gold and silver reserves.

But don’t worry, just as much as those groups are dumping their reserves, groups like SLV trusts are buying up these reserves which has offered some resistance to huge price decreases, so we think.

The previous metal market is enjoying all the volatility in the equities markets around the world lately.  With all eyes on the Euro decline, what’s happening in Greece, and if Asian markets are to follow this world-wide downward trend, metals like gold and silver are enjoying the ride.

After large upswings in the price per ounce of silver early last year, the price of silver has cooled down, until recently.  Silver is now touching all-time highs again with the price per ounce nearing the $19 mark.  ETFs like NYSE:SLV are reaching new highs with volume on that fund seeing larger than normal spikes.

Mining stocks, which have been a bit boring as of late, have also seen upswings in their prices, although with no real reason for such a turn. Investors are looking to put their money in more traditionally safe vehicles like silver trusts and silver bars and that is just where things look like they’re headed.

Gold and silver both have been hit hard.  The dollar, in a surprising move is on the way up?  Banks are paying back their TARP “loans” and the global economy is questionable.  Maybe all that money that the government printed isn’t going to suck the dollar into oblivion.

China isn’t giving the bullish reports (although the china bulls are calling for amazing growth over the past 2 years) there is a slow down on the horizon it would seem.  The stock market is falling backwards, the dollar is advancing and precious metals like silver and gold are falling by the wayside.

Just check out this article about SLV and GLD ETFs. They have been slammed along with the price of silver and gold. Once what was on a tear is now on the decline. So what gives?

Could it be that all the hedge funds, mutual funds, and general investing public is taken profits after a rediculous upswing that cause outrageous ratios that didn’t make sense? PE’s that made 10 years down the road, but really, willing to by GE at a PE of 30? Doubtful.

OK, so we exaggerate.

But honestly, with the worldwide economy cooling, is it wise to take your money out of precious metals? We thing not. We think it’s a perfect time to buy precious metals. Prices are retreating all over the place, because the economy isn’t as great as everyone thought it was. Who cares? Why not get in on some deals and buy silver at these reduced rates while China and India prepare for the growth they promise?

The market was down, commodities were down, everything was down. So where do you put your money? Especially if you can’t put your money in precious metals, which are supposed to save you from inflation.

Well, we don’t think the world has gone crazy and decided to take their money out of everything. We think rather, the market is correcting itself. Investors are taking profits from both equities and commodities and we’re seeing a sell-off. But that doesn’t mean you shouldn’t look into buying these.

We think instead, you should think about buying into the market, especially something like SLV or GLD. Both of these ETFs look to provide you with buying opportunities in the coming weeks. Especially if we see another pull-back in the market. What around or get in now, either way, it looks like there might be some dollars to be had in the precious metals world.

The recent stock market rally has allowed investors to regain some of the losses they endured last year.  Commodities like silver and gold are no exception.  You’d think with a strong equities martket they would be, but nope, this isn’t the case.

Instead, with the dollar looking to weaken based on a fed that continues to print money, precious metals may be a good buy.  So how do you get into precious metals?

Well, one way is to buy ETFs like the silver trust ETF SLV. These types of funds allow you to directly invest in silver and gold without having to buy the precious metals themselves. But the question is, will silver, and likewise SLV be abel to survive the market rally? We think yes. Even though gold and silver have had amazing gains, we think they will continue to do so.

Although this is just our opinion, you have to look at what might cause this. Inflation, due to all that money printing, may cause investors, who like to hedge against downside risk of their dollars being worth less, by investing in silver. Others may want to play the silver game based on the fact that china and markets like it, namely india, are expanding at a rapid pace, and all those people are going to need things with gold or silver in them.

That’s why, it may be prudent just to keep a little SLV or GLD in your portfolio for the time being.

Silver investing is what this blog is all about. Buy silver, invest in silver, get into silver! That’s what we say every day. But why do we say that?

Well, it’s not because we have to say that, we’re not analysts, we’re not paid by any of the big silver ETFs, we just like silver! One interesting point that we found in an article over at business 24 – 7 is about one fact.

The fact that silver is the only commoditiy that hasn’t jumped above it’s all time high during this commodity boom. Yes you read that right, every thing else has jumped above it’s all time high but silver. The precious metal silver is behind. And from what we’ve heard (only third hand so do your research) the silver supply is low and demand stays the same or is growing.

So why the low price?

We’re not sure. But it just adds to the reason why you should buy silver.

The iShares silver trust ETF, SLV is holding strong amid all this up and down buying and selling of silver and gold. The silver trust may be the best way to get into a silver market that some say is going to go even higher.

As oil continues to rise, gold and silver are tending to follow the trends set by the market. When there’s a sign that the economy could rebound and the dollar could be on the rise, the precious metals fall. But as the market shakes with rising oil prices, people are back buying silver and gold. A big way they buy these precious metals is to buy into the silver or gold ETFs (Gold, IAU).

These funds are easier to trade and cost an investor less in the long run than buying silver or buying gold directly in the form of bullion bars or coins. The two trusts are holding strong, fluctuating with the price of gold and silver as they should since they are backed by the precious metals.

Are you wondering how to get in the precious metals “gold rush” that’s going on right now? Should you run out and buy as much gold, silver, and platinum jewelry as you can? Should you surf the pages of EBay and buy up bricks of silver and gold?

Although these options may give you something to hold in your hands, they aren’t very practical for the average investor. Buying physical silver and gold might require you to get insurance on your pieces, that can wipe out your profits. And buying physical gold and silver also puts you into the collectible tax category where taxable gains are at your normal tax bracket, not the possible long-term investment tax breaks you could get if you invested in other methods.

One way to get in on the silver rush is to buy an Electronically Traded Fund (ETF). The main silver trading fund is SLV, the i-shares silver trust. This fund is backed by silver and trades relatively close to the price of silver on a day to day basis. Doing so can keep you the long-term investment tax situation if you keep the fund for longer than a year. And buying and selling the fund is as easy as trading in your normal trading account. Unlike silver bars where you have to go and find a dealer or other collector who wants to purchase them.

Get into trading silver with SLV if you want an easy in on the latest “Silver Rush.”

It seems as though we’ve written this article before? The price of silver rising as the dollar sinking? Yup!

But it’s true. As America tries to figure out if it’s economy really is in a downturn, or recession even, the dollar will continue to be weaker. This, as it usually does, makes people try and find safer investments for their money while the economy tries to shake out what’s going on.

As has been the case for hundreds if not thousands of years, precious metals hold their value as a medium of exchange. Therefore, people find safety in holding precious metals like silver and thus put more money into them.

If you don’t want to buy silver bars, as sometimes buying large bars of silver and gold can be a bit annoying, you could buy into these through ETF’s like GLD and SLV provided by iShares. These are backed by silver and gold and tend to follow the price of silver and gold pretty closely.

In this time of economic turmoil, you may be able to safeguard your money if you put it into precious metals like silver.