In a strong industrial demand scenario, “silver prices could rise rapidly, possibly touching fresh record highs within the next ten years,” according to CPM.
SLV’s all-time high, touched in April 2011, is just under $47. The ETF closed just over $21 on Friday.
iShares Silver Trust
ETF Trends editorial team contributed to this post. Tom Lydon’s clients own shares of GLD and SLV.