• 657 days Will The ECB Continue To Hike Rates?
  • 658 days Forbes: Aramco Remains Largest Company In The Middle East
  • 659 days Caltech Scientists Succesfully Beam Back Solar Power From Space
  • 1,059 days Could Crypto Overtake Traditional Investment?
  • 1,064 days Americans Still Quitting Jobs At Record Pace
  • 1,066 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 1,069 days Is The Dollar Too Strong?
  • 1,069 days Big Tech Disappoints Investors on Earnings Calls
  • 1,070 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 1,072 days China Is Quietly Trying To Distance Itself From Russia
  • 1,072 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 1,076 days Crypto Investors Won Big In 2021
  • 1,076 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 1,077 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 1,079 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 1,080 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 1,083 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 1,084 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 1,084 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 1,086 days Are NFTs About To Take Over Gaming?
Zombie Foreclosures On The Rise In The U.S.

Zombie Foreclosures On The Rise In The U.S.

During the quarter there were…

Billionaires Are Pushing Art To New Limits

Billionaires Are Pushing Art To New Limits

Welcome to Art Basel: The…

  1. Home
  2. Markets
  3. Other

Silver Exchange Fund (SLV) on AMEX

Trading Opportunity
Long SLV : Short Silver Producers

Technical observations of RossClark@shaw.ca.

Now that the Silver ETF is trading, we can look forward to more strength in the bullion vs the stocks. While the ETF will understandably attract new money to the sector over time, there will also be a shift in money from the mining stocks to the bullion.

In the case of the Gold ETF (GLD), the 'go to stocks' started underperforming on the first day of trading (11/18/04). Gold prices appreciated by 2% through 12/03/04, but the stocks failed to make new highs. The subsequent correction saw a 10% price break in the bullion and a 15-25% break in the stocks into April-May.

GOLD EXAMPLE 2004

As can be seen from the following examples, silver stocks are already underperformingbullion.

As of mid-day on April 28th (not shown on the charts) the silver price is up 8% while the silver stocks are up 3% to 4.5%.

 

Back to homepage

Leave a comment

Leave a comment