How Did SLV Perform in 2016?



Silver fund flows

The inflows of precious metals mining–based funds have been aggressive. However, gold has outperformed silver. The flows of gold funds were almost completely positive, whereas the flows of silver funds were mixed. Though certain peaks were observed in inflows, outflows were also taking place.

The iShares Silver Trust ETF (SLV) is a BlackRock-issued fund. No discrepancies were noted in it, unlike its gold counterpart.

Significant fluctuations in silver prices have occurred due to haven demand. However, silver does show its industrial side now and then and may follow trends in the overall market. SLV has been trading in the range of $13.5–$14.9 per share.

SLV has shown relative strength and has been steadily climbing north. The ETF has seen the highest inflows in March 2016, and it has risen almost 11.5% since the beginning of the new year. The Global X Silver Miners ETF (SIL) has also surged nearly 40% during the same timeframe.

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Silver miners

While analyzing the performance of these precious-metals-based funds, it’s also crucial to have a view of the performances of several metal miners.

The silver-based mining equities that have earned a fortune over the past couple of months include Coeur Mining (CDE), Silver Wheaton (SLW), and Hecla Mining (HL). These three silver miners together contribute 6.8% to the price changes in the VanEck Vectors Gold Miners ETF (GDX). GDX has also risen following the price rises in all four precious metals.


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