Silver Has Tumbled 46% From its Peak to $66 an Ounce. Is This Top Silver ETF Still a Buy?
Is it the right time to invest in the iShares Silver Trust ETF?
Overview
On Jan. 29, the price of silver reached its all-time high of $121.67 per troy ounce, quadrupling from $30.38 per ounce a year earlier. At the time, robust industrial demand, feverish investor demand, and production bottlenecks all drove its price higher.
But since hitting that peak, it's declined 46% to $66 per ounce. Let's see why it pulled back -- and if it's the right time to buy silver via the iShares Silver Trust ETF (NYSEMKT: SLV).
Image source: Getty Images.
Details
Source
Originally published at www.fool.com.
Related Articles
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.