Additionally, with the dovish Fed stance, the U.S. dollar weakened, which made USD-denominated silver cheaper for foreign buyers and a better store of value for U.S. investors. Currently, upside for the dollar appears limited as many bond traders are betting the Federal Reserve will only raise interest rates once this year, if that.
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“Mining stocks tend to outperform the physical silver price in bull markets. Since the start of 2016, we can clearly see this anticipated development as the SIL ETF exhibits a year-to-date performance of 151.43% (compared to a positive performance of slightly above 40% with regard to the silver price per ounce), as of Sep. 02, 2016. Let’s put things in perspective though and have a detailed look at the past five years, 2011 until 2015, as well as SIL’s performance since inception,” adds Investopedia.
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Global X Silver Miners ETF
