That may have you asking whether it’s too late to join the party. Some analysts so no: silver miners and silver prices still have plenty of upside left.
One thing to consider, says Murray Coleman for Barron’s, is the U.S. dollar. As long as it remains weak, it could spur more interest in silver and keep prices going in the direction they have been all along.
If you want to own this fund, it’s above its trend line, a buy signal. You can offer yourself some downside protection by having an exit strategy if silver’s rally is starting to wind down. [4 Silver ETFs for Bullish Sentiment.]
Tisha Guerrero contributed to this article.