Silver exchange traded funds were poised to rise in the U.S. on Wednesday after rallying more than 4% the previous session.
Silver ETFs may climb to test their 50-day moving average following the big sell-off earlier this month.
The iShares Silver Trust (NYSEArca: SLV) was up nearly 2% in premarket trading Wednesday. The ETF jumped over 4% on Tuesday to close at $35.77 a share. The 50-day simple moving average is just above $38 a share.
Other ETFs for silver include ETFS Physical Silver (NYSEArca: SIVR) and PowerShares DB Silver (NYSEArca: DBS).
iShares Silver Trust
Full disclosure: Tom Lydon’s clients own SLV.
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