Quantcast

Sunday, July 28, 2013

Silver ETFs: Always a Bridesmaid, Never a Bride



May 14, 2010 by · Leave a Comment 

Tom Lydon submits:

Silver: always a bridesmaid, never a bride. While gold ETFs soar to all-time highs, silver ETFs take a backseat even though they’re doing slightly better than the yellow metal.

In the last two weeks, silver ETFs are up about 8% while gold is up about 6%. To be fair, both are worthy of attention, but gold always seems to be grabbing just a little more. But silver may have even more appeal than gold when you break it down:

  • Silver has more industrial uses than gold.
  • Silver is cheaper than gold, and as such is often called “the poor man’s gold.â€Â iShares Silver Trust (SLV) can be had for about $20 a share right now; SPDR Gold Shares (GLD) is going for around $122 a share today. If GLD is too spendy for you and you want to invest in precious metals, silver may be an appealing option.
  • Like gold, silver is also viewed as both a safe haven and a pretty metal to wear.
  • Read more »

    Speak Your Mind

    Tell us what you're thinking...
    and oh, if you want a pic to show with your comment, go get a gravatar!