Keep an eye on silver.
After a recent pullback to $28.56, the metal is just starting to pivot higher again.
Helping, First Majestic Silver CEO Keith Neumeyer says silver could climb to $100, even $130 per ounce. All thanks to silver’s deficit, its strong industrial demand, and just how undervalued it is as compared to gold.
“Neumeyer has previously stated that he expects a triple-digit silver price in part because he believed the market cycle could be compared to the year 2000, when investors were sailing high on the dot-com bubble and the mining sector was down. He thinks it’s only a matter of time before the market corrects, like it did in 2001 and 2002, and commodities see a big rebound in pricing,” as noted by InvestingNews.com.
One way to trade further silver upside is with related stocks, such as Hecla Mining (SYM: HL), Gatos Silver (SYM: GATO), Pan American Silver (SYM: PAAS), and Avino Silver & Gold Mines (SYM: ASM).
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ETF: Global X Silver Miners ETF (SYM: SIL) Another way to trade silver is with an ETF, such as the Global X Silver Miners ETF (SYM: SIL). With an expense ratio of 0.65%, the ETF invests in silver mining stocks, such as Pan American Silver, Coeur Mining, Hecla Mining, and Wheaton Precious to name a few of its 35 holdings. After dropping with the price of silver, the SIL ETF appears to have bottomed out and is just starting to pivot higher. Last trading at $31.44, we’d like to see it retest $34 initially. |
Stansberry Research
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ETF: iShares Silver Trust (SYM: SLV) WWith an expense ratio of 0.5%, the SLV ETF offers exposure to the day-to-day movements of the price of silver. The SLV ETF also bottomed out at around $25.50. Now back up to $26.41, we’d like to see this ETF rally back to $29 initially. |
Oxford Club
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It’s not a stock, bond or private company…
But this little-known alternative investment could hand you BIG MONTHLY INCOME from the oil and gas surge in 2024.
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ETF: abrdn Physical Silver Shares ETF (SYM: SIVR) There’s also the abrdn Physical Silver Shares ETF (SYM: SIVR). With an expense ratio of 0.3%, the SIVR ETF tracks the performance of silver prices. Over the last few days, SIVR bottomed out at around $27. Last trading at $27.67, we’d like to see it initially retest $30 a share. |
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