Commodities: Silver
Silver: We talked about this in the AM note today calling it a sell into strength. We have a position in the Global Macro ETF portfolio (ETPMAG) however yesterday’s strength did not follow through today. This remains on MM’s radar as a sell nearer $40.
ETFS Metal Securities Australia Ltd – ETFS Physical Silver is an open-ended Exchange Traded Commodity incorporated in Australia. It is designed to track the Silver price less fees allowing investors to invest in the precious metals market. The ETF is listed on the Australia Stock Exchange (ASX) under code ETPMAG
As we said earlier silver soared almost 10% yesterday making new highs since 2013 as the “Reddit army” found a new target. A strange choice in our opinion as silvers carrying a relatively small short position with most banks actually advocating their clients to be long.
The iShares MSCI Global Silver and Metals Miners ETF seeks to track the investment results of an index composed of global equities of companies primarily engaged in the business of silver exploration or metals mining.
The ETF is listed on the New York Stock Exchange (NYSE) under code SLVP US
Fast loading real time live silver price charts in all major currencies. … 1 oz Australian Silver Kookaburra … 90% Silver Coins ($10 FV) … link in the menu to get live gold and silver prices in seven national currencies including US Dollars, Euros, …
Silver is another store of value, much like gold however it tends to move in a more exaggerated way.
