ETF Trends
ETF Trends

Gold and silver exchange traded funds (ETFs) were lower Tuesday, falling back from their recent highs even though the U.S. dollar weakened.

SPDR Gold Shares (NYSEArca: GLD) and iShares Silver Trust (NYSEArca: SLV) were both down less than 1% in afternoon trading Tuesday following a report on the U.S. budget deficit. However, oil ETFs were the big decliners in the commodity complex.

Precious-metals ETFs for gold and silver were losing ground Tuesday along with the dollar. Usually, they tend to move in the opposition direction of the greenback.

Trading volume in the silver ETF has picked up this week during the correction.

iShares Silver Trust


For full disclosure, Tom Lydon’s clients own SLV and GLD.

The opinions and forecasts expressed herein are solely those of John Spence, 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.