business newsSilver at Multi-Month High
Silver may be worth a look, but since it is so volatile, wait for a downward spike before initiating or adding to a long position.
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Now the volatility is back – but on the upside – as prices have climbed more than 20% in less than a month. The gains have outpaced that of gold, which rose roughly 10% during the same time frame. Importantly for investors, the ratio between the two precious metals has moved about 10% in silver’s favor since mid-August. This is the first time silver has outperformed gold since the start of 2012.
For non-futures investors, the two precious metals can easily be tracked through the use of exchange traded funds (ETFs). The most liquid ETFs for the two precious metals are the iShares Silver Trust (SLV) and the SPDR Gold Shares (GLD) respectively.
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