Since the iShares Silver Trust (SLV) began trading on April 29th, the exchange traded fund has seen a high and a low. On May 11th the ETF reached a high of $148.60, since then it has declined 20%. There seemed to be a run up in the price of silver before the launch of SLV and investors were quick to jump into the latest metal fund.
Unfortunately, we have seen the markets turn and with it silver. Fed Chairman Ben Bernanke’s comments on Monday did not help matters. Concern over raising interest rates to curb inflation hit the commodities market.
The opinions and forecasts expressed herein are solely those of Tom Lydon, and may not actually come to pass. Information on this site should not be used or construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for any product.