Markets were in full bloom in April, as corporate earnings helped push markets and exchange traded funds (ETFs) higher. The Dow Jones Industrial Average gained nearly 4% this month and had its highest close since May 2008. The S&P 500 rose about 3% and the Nasdaq gained 3.5% for the month.
Silver ETFs were the top performers for the month, with PowerShares DB Silver Fund (NYSEArca: DBS), iShares Silver Trust (NYSEArca: SLV) and ETFS Physical Silver Shares (NYSEArca: SIVR) up nearly 30%. Outside of the precious metal ETFs, SPDR S&P Biotech (NYSEArca: XBI) was up 14.5% in April and iShares MSCI Germany Index Fund (NYSEArca: EWG) was up 13.4%.
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.