March 04, 2008 at 1:00 pm by Tom Lydon
The silver exchange traded fund (ETF) is going for the gold. The metal is gunning for 11 consecutive gains, according to Trading Markets.
The iShares Silver Trust (SLV) is up a whopping 37.4% year-to-date. While gold is grabbing all the headlines and chatter, SLV is leaps and bounds the best-performing metal-focused ETF so far.
Gold and silver are both popular shelters against the dollar, which has been declining.
March 5th, 2008 at 11:12 am
I know silver and gold are hedges against a weak dollar and inflation, but aren’t people acting irrationally now? Look at SLV today (4 Mar 08). What is going one?