The silver ETF is down 4.1% for the trailing three months, and flat for 2012, according to investment researcher Morningstar.
From a technical perspective, J.C. Parets at All Star Charts says silver being able to hold a key support level in recent months is constructive, even though investors seem to have lost interest in silver. He also cited positive momentum divergences and flattening long-term moving averages as positive factors for silver.
iShares Silver Trust
Chart source: All Star Charts
Full disclosure: Tom Lydon’s clients own SLV.