ETF Trends
ETF Trends

Volatile exchange traded funds tracking silver have fallen sharply along with the metal from $50 an ounce. Now the question is whether beaten-down silver ETFs offer a buying opportunity or if it’s time to get out of the way.

“The iShares Silver Trust (NYSEArca: SLV) has been the most speculated and hence volatile of the commodity ETFs,” said Tarquin Coe, technical analyst at Investors Intelligence, in a report Thursday.

He added the silver ETF is trading at potential channel support while conditions are close to oversold.

The iShares Silver Trust lost 3% on Thursday and is off nearly 15% over the past week as higher margin requirements in futures markets have played a part in the sell-off.

Other ETFs for silver include ETFS Physical Silver (NYSEArca: SIVR) and PowerShares DB Silver (NYSEArca: DBS).

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