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 is up 48.97% from its 52-week low price of $25.27/share.
But are there more gains in store for this ETF? Let’s 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
This ETF is designed to track the spot price of silver bullion. The product charges 50 bps in annual fees (See: All Precious Metals ETFs).
Why the Move?
Silver has been an area to watch lately, given the rise in volatility and increased inflation concerns. Tariff-driven uncertainty, a weak consumer sentiment and persistent geopolitical and political issues have provided strong tailwinds for the metal.
Additionally, increasing expectations of interest rate cuts starting in September bode well for the precious metal. The greenback's value tends to move inversely with interest rate adjustments by the Fed and a weakening greenback is also a favorable factor for silver.
More Gains Ahead?
Currently, SLV has a Zacks ETF Rank #3 (Hold) with a High risk outlook. However, it might continue its strong performance in the near term, with a positive weighted alpha of 49.79 (as per Barchart.com), which gives cues of a further rally.
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 is up 48.97% from its 52-week low price of $25.27/share.
But are there more gains in store for this ETF? Let’s 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
This ETF is designed to track the spot price of silver bullion. The product charges 50 bps in annual fees (See: All Precious Metals ETFs).
Why the Move?
Silver has been an area to watch lately, given the rise in volatility and increased inflation concerns. Tariff-driven uncertainty, a weak consumer sentiment and persistent geopolitical and political issues have provided strong tailwinds for the metal.
Additionally, increasing expectations of interest rate cuts starting in September bode well for the precious metal. The greenback's value tends to move inversely with interest rate adjustments by the Fed and a weakening greenback is also a favorable factor for silver.
More Gains Ahead?
Currently, SLV has a Zacks ETF Rank #3 (Hold) with a High risk outlook. However, it might continue its strong performance in the near term, with a positive weighted alpha of 49.79 (as per Barchart.com), which gives cues of a further rally.