This Silver ETF Has Been Crashing. Is Now the Time to Buy?
The iShares Silver Trust is down 42% from its 52-week high.
This Silver ETF Has Been Crashing. Is Now the Time to Buy?
Overview
The price of silver has been falling recently, and the iShares Silver Trust (NYSEMKT: SLV), which tracks silver, has also been nosediving. It's down 8% this year, and at around $63, it's nowhere near its January high of around $110.
Investors have been pivoting to other investments of late as renewed confidence in the markets has driven the S&P 500 up more than 10% this year. But with plenty of question marks and uncertainty around the economy and its direction, could silver rally once again? Could now be a good time to add the iShares Silver Trust to your portfolio?
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Originally published at www.fool.com.
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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.
