We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
For investors seeking momentum, iShares Silver Trust (SLV - Free Report) is probably on the radar. The fund just hit a 52-week high and has moved up 34% from its 52-week low of $24.25 per share.
Are more gains in store for this ETF? Let us take a quick look at the fund and the near-term outlook on it to get a better idea of where it might be headed:
SLV in Focus
The fund offers exposure to the day-to-day movement of the price of silver bullion. It charges 50 bps in fees per year (see: all the Precious Metals ETFs here).
Why the Move?
Silver has been an area to watch lately, given the surge in the metal’s price. Silver soared to its highest level in more than a decade, topping $35.90 per ounce — a level not seen since February 2012. The rally comes amid a weakening U.S. dollar, persistent supply deficit, heightened global trade uncertainty and rising interest in precious metals as geopolitical and economic hedges.
More Gains Ahead?
Currently, SLV has a Zacks ETF Rank #3 (Hold), with a Medium risk outlook. Therefore, it is hard to get a handle on its future returns one way or the other. However, a weighted alpha of 25.02 and a 20-day volatility of 27.45% show that there is still some promise for risk-aggressive investors who want to ride on this surging ETF.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Silver ETF (SLV) Hits New 52-Week High
For investors seeking momentum, iShares Silver Trust (SLV - Free Report) is probably on the radar. The fund just hit a 52-week high and has moved up 34% from its 52-week low of $24.25 per share.
Are more gains in store for this ETF? Let us take a quick look at the fund and the near-term outlook on it to get a better idea of where it might be headed:
SLV in Focus
The fund offers exposure to the day-to-day movement of the price of silver bullion. It charges 50 bps in fees per year (see: all the Precious Metals ETFs here).
Why the Move?
Silver has been an area to watch lately, given the surge in the metal’s price. Silver soared to its highest level in more than a decade, topping $35.90 per ounce — a level not seen since February 2012. The rally comes amid a weakening U.S. dollar, persistent supply deficit, heightened global trade uncertainty and rising interest in precious metals as geopolitical and economic hedges.
More Gains Ahead?
Currently, SLV has a Zacks ETF Rank #3 (Hold), with a Medium risk outlook. Therefore, it is hard to get a handle on its future returns one way or the other. However, a weighted alpha of 25.02 and a 20-day volatility of 27.45% show that there is still some promise for risk-aggressive investors who want to ride on this surging ETF.