iShares Silver Trust
Latest iShares Silver Trust News and Updates
PSLV or SLV: Which Is a Better ETF Stock to Buy and Bet on Silver?
Is Silver More Valuable as a Precious Metal or an Industrial Metal?
Silver has been falling over the past few years, despite surging demand for its industrial use. Fundamentally, silver seems to be strong due to rising demand and a year-over-year shortfall in its supply.
Gold Has Outperformed Other Asset Classes
Why Gold’s Resilience Continues in July Following the June 23 Brexit vote when the UK chose to withdraw from the European Union, bond yields fell to record lows and gold rallied to two-year highs, reaching $1,375 per ounce on July 6. In the US, subsequent strong economic results in manufacturing, retail sales, and housing created […]
What Caused the Fall in Precious Metals?
Gold prices plummeted on Wednesday, January 25, 2017, and gave the lowest close in recent weeks.
How Much Does the US Interest Rate Influence Gold?
Gold and interest rates have a close inverse relationship. The higher the rate for Treasuries, the lower the demand for non-yield-bearing assets such as gold and silver.
4 must-know facts about rising inflation and your portfolio
Recent readings have shown that inflation has stabilized, which is a good thing, but signs of an imminent acceleration in inflation are still scant.
Gold ETFs and Miners Taking Cues from Rate Hike Conundrum
Investments in the precious metals sector—including mining—substantially depend on the rate hike conundrum.
How Indian Demand Could Influence Gold Prices
India and China remain the top two consumers of gold (IAU) and silver (SLV).
Did the Fall in the Dollar Boost Precious Metals?
Precious metals saw an upward swing on Tuesday, November 1, 2016. The rise in precious metals was most likely due to the slight fall of the US dollar.
Which Silver Miners Could Surprise on the Downside of Production?
Hecla Mining’s (HL) silver production recorded a fall of 27.0% year-over-year (or YoY) to 3.4 million ounces in 1Q17.
Mining Stocks: How’s the Correlation Trending?
Mining stocks with a higher correlation to precious metals will likely be impacted more by global indicators that influence precious metals.
How Economic Numbers Played on Gold on April 7
Besides the attack on Syria, the latest rise in gold was also backed by dampened expectations that the Fed will raise interest rates soon.
Gold Fell as US Interest Rates Soared
Investors were somewhat pessimistic about gold during the last quarter of 2016. Most of the fluctuations were due to the news of the interest rate hike.
Will Gold Keep Clinging to US Interest Rates?
Investors are cautious about investing in gold after the sudden surge over the past three months. The Market sentiment in gold seems to be far from bearish.
How Is the Gold-Silver Ratio Moving in April 2017?
As of April 18, 2017, gold and silver have risen 12% and 14.8%, respectively, year-to-date.
Inside Silver Miners’ Financial Leverage after 3Q16
Investors in the precious metal mining industry need to know a company’s debt levels because high debt can strain a company’s credit rating.
Inside Mining Stocks at the End of May: Implied Volatility and RSI
The iShares Silver Trust and the iShares Gold Trust have gained 2.9% and 0.91%, respectively, in the past five days, likely due to the precious metal rebound.
How Are Silver Miners Doing as Silver Outshines Gold?
Silver has outperformed gold year-to-date (or YTD). The SPDR Gold Shares ETF (GLD) has risen 17% YTD, while the iShares Silver Trust ETF (SLV) has risen 24%.
Diversify Broadly and Consider Alternative Investments
Rising correlation across asset classes is a sticky problem that investors face while investing in today’s markets.
Which Silver Stock Is Analysts’ Favorite These Days?
Precious metal miners with substantial exposure to silver have also performed well year-to-date. Let’s take a closer look.
What’s the World Gold Council Advising on Gold?
Some investors seem to prefer putting their money in gold lately. The World Gold Council is optimistic on gold due to negative interest rate policies of major economies.
How Barrick Gold Plans to De-Lever Its Balance Sheet in 2017
Barrick Gold has reiterated that strengthening its balance sheet is its top priority. The company achieved debt reduction of $2.0 billion in 2016.
Would You Buy a Silver or Gold Nest?
Often, haven bids for gold outnumber bids for silver. But the recent surge of silver has proved differently.
Why Silver Miners’ Stock Performance Has Diverged in 2017
It’s important for investors to keep tabs on analysts’ recommendations and ratings, as they are market sentiment indicators. In this series, we’ll look at recommendations and ratings for silver miners.
Is the Gold-Silver Ratio Headed South?
The gold-silver ratio was trading at 78.7 on Monday, April 11, 2016. The gold-silver ratio is trading close to its 100-day moving average.
Silver Stocks: Keeping Up with Analyst Rating Changes
Following the recent strong run in silver (SLV), several analysts have commented on silver miners (SIL), as we’ll see in this part of the series.
Why Did Silver Outperform Gold in 2016?
While the last two months of 2016 chipped away a large part of the gains made by precious metals, silver outperformed gold on a yearly basis.
How the Economic Sentiment Is Playing on Gold
During the past week, average hourly earnings, excluding the farming industry, were below analysts’ expectation of 0.10%.
Silver prices could break the support of $15.50 per ounce
Prices settled just above the important support level on March 9, 2016. The April futures for silver might test the next key support of $15.50 per ounce.
Technical Indicators in Silver: An Oversold Position in 2017?
Coeur Mining (CDE), Hecla Mining (HL), and Pan American Silver (PAAS) are trading 3.3, 7.9%, and 2.6%, respectively below their 50-day moving averages.
How Are Silver Prices Influencing Major Silver Miners?
Silver miners have shown a significant correlation to gold prices at 0.90 since the start of 2013. Silver prices have a strong correlation as well.
Silver prices retreat from the key support for the third day
The falling wedge pattern could be seen in the May silver futures contracts. Silver prices were trading at the lower part of the wedge pattern on March 10, 2015.
Understanding Senior Gold Miners’ Commodity Exposures after 2016
Product composition exposes miners to various types of commodities, which can impact their revenues and profitability.
Must-know fundamentals about the US Consumer Price Index
The Bureau of Labor Statistics (or BLS) developed the U.S. CPI in 1913 to measure the change in prices.
What Led to the Revival of Precious Metals in January 2017?
Gold prices edged higher once again on Friday, February 3, 2017. On February 2, gold touched $1,219.40 per ounce, its best price since November 2016.
Assessing Silver and Gold in 2015
Silver was the second best-performing precious metal in September, advancing by 11.40% on a 30-day trailing basis. But October has seen negative returns.
Why Wage Growth Continues To Stay Low
Research shows that another cause for why wage growth continues to stay low is that employers are reluctant to reduce wages.
Janet Yellen Shares Views on Rate Hike, Gold Falls to 15-Week Low
Gold and other precious metals plummeted on Friday. Gold, silver, platinum, and palladium fell by 0.54%, 0.42%, 1.4%, and 0.7%, respectively.
Where Is the Gold-Silver Ratio Headed?
The rise in the haven bids in 2016 has caused a jump in the price of gold by close to 17%. However, silver has increased only 8.3%—almost half the rise in gold.
US Dollar Rises, Gold Falls on Bullish Data
Gold and the US dollar have witnessed an almost inverse relationship over the past few years. The other precious metals have a similar inverse relationship to the US dollar.
China’s Yuan Devaluation Raises Concerns of Currency Wars
China’s recent devaluation of the yuan by ~1.9% sent ripples through global equity markets. The yuan’s devaluation could have an adverse effect on the Fed’s possible interest rate hike.
Gold and Silver Look Stable This Morning
In precious metals, gold and silver look stable this morning. At 6:19 AM EST, gold for June delivery was trading at $1,234.05 per ounce—a gain of 0.33%.
A Beginner’s Guide to Gold and Silver Investing
Investing in silver and gold isn’t for everybody, but precious metals can be a great option. Learn more about your options—from physical metals to ETFs.
Jeffrey Gundlach: How to Survive the Market Zigzags in 2019
Jeffrey Gundlach expects 2019 to continue to be a volatile year. The last quarter of 2018 was quite volatile after a prolonged calm in the markets.
Is gold no longer an inflation hedge?
Gold certainly can be an inflation hedge, and it has worked in the past. Obviously, one of the reasons gold has been weak of late is that people are becoming less concerned about inflation.
Must-know: Is gold losing its shine?
Gold (GLD) (IAU) has declined by almost 8% in the last 12 months. Gold usually does well when the equity markets (IVV) are troubled. Gold has an inverse relationship with the U.S. dollar (or UUP). When the U.S. dollar weakens, investors turn to gold for value storage.
Must-know: 3 reasons silver isn’t the same as gold
To be sure, it’s not unreasonable that gold and silver (along with platinum) are often lumped together in the precious metal basket.
Why you should avoid commodities in a rising rate environment
Other commodities have suffered as well: Most agricultural commodities are down between 5% and 10% year-to-date, and oil prices have slid on less angst over Iraq and the Middle East.
Must-know: Inflation fighting investments
One of the strongest drivers of fair trade in gold (or IAU) is real interest rates.
Should you invest in silver and gold stocks or ETFs?
In addition to the potential headwind from higher real rates, it’s also not clear that either metal is that mispriced. Valuing commodities is notoriously difficult, as there are no cash flows.
Must-know: Implications of inflation and the necessity of TIPS
In order to eliminate inflation risk for investors, the U.S. Treasury introduced TIPS in 1997—TIPS protect the value of debt securities from eroding due to inflation.
Why the Swiss National Bank removed the cap against the euro
A cap was put in place to stop the currency’s appreciation. An appreciating local currency is detrimental to exporters.
Why ETF holdings in precious metals spiked after the SNB’s move
Outflows from ETFs led to an ~28% fall in gold prices in 2013. As a result, it’s important for investors to monitor changes in ETF holdings.
Will the iShares Silver Trust ETF continue its recent rally?
The rally had pushed silver ETFs such as the iShares Silver Trust ETF (SLV), the ProShares Ultra Silver (AGQ), and the Silver Trust ETF (SIVR) higher.
Pan American to Buy Tahoe Resources in $1.07 Billion Deal
Pan American Silver Corp. (PAAS) announced today that it has agreed to buy Tahoe Resources (TAHO) in a $1.07 billion cash and stock deal.
What Synergies Does Newmont Expect from Merger with Goldcorp?
Increased shareholder returns were the main motivation behind the Newmont Mining and Goldcorp merger.
How Do Gold Miners’ Leverage Ratios Look?
Barrick has reduced its debt more than 57% in the last four years from $13.4 billion at the end of 2014 to $5.7 billion at the end of 2018.
Buffett on Gold: ‘Magical Metal’ Is No Match for ‘American Mettle’
Warren Buffett’s disdain for gold is well known. Once he said, “It doesn’t do anything but sit there and look at you.”
Why BNP Paribas Sees Gold Dropping Below $1,200 in 2019
Unlike other banks, BNP Paribas has a negative bias for gold going into 2019. Harry Tchilinguirian, global head of commodity markets strategy at BNP Paribas, is negative on gold (SGOL)(GLD).
Why J.P. Morgan Is Bullish on Gold in the Second Half of 2019
In contrast to Bank of America Merrill Lynch’s bullish view on gold (GLD) in 2019, JPMorgan Chase (JPM) expects gold (NUGT) and silver’s (SLV) performance to remain to lukewarm—at least in the first half of 2019.
A Look at Gold Miners’ Financial Leverages after Q3 2018
Barrick Gold (ABX) and Newmont Mining (NEM) have come a long way as far as their financial leverages are concerned.
Is the Barrick-Randgold Merger Enough of a Reason to Bet on ABX?
On November 5, more than 99% of ABX’s shareholders approved its all-stock acquisition of GOLD.
Why Coeur Mining Has Climbed the Ranks among Analysts
Year-to-date, Coeur Mining (CDE) has almost matched the performance of the Silver Miners Index (SIL) with losses of 25%.
What’s Baked into Analysts’ Pan American Silver Ratings?
Pan American Silver (PAAS) stock has outperformed its peers as well as silver prices YTD.
Why Analysts Are Optimistic about Coeur Mining
On a YTD basis, Coeur Mining (CDE) has almost matched the performance of the Silver Miners’ Index (SIL) with losses of 27.1%.
How Do Analysts Rate Silver Miners?
In 2018 so far, silver prices have significantly underperformed gold prices.
Analyzing Mining Companies’ Correlation with Gold
Precious metal prices’ revival in the last week has led to miners rebounding, with most mining companies performing positively.
Platinum at 14-Year Low, All Precious Metals Tumble: What’s Next?
After witnessing a rebound on Friday, precious metals fell again on Monday, July 2. Gold fell 0.88% to close at $1,242 per ounce.
Analyzing Analysts’ Love-Hate Relationship with Silver Stocks
The five silver miners we’ll be discussing in this series have broadly outperformed silver prices and the silver miners’ index YTD.
The US Dollar Is Overpowering Gold as Hedge against Market Risk
Among growing market unrest, investors have turned to the US dollar rather than gold as a safe haven.
Looking at the Spread between Gold and Silver
The gold-silver spread is 77, indicating that it takes ~77 ounces of silver to buy one ounce of gold. In May, this spread stood at 78.
Gold’s RSI Level Drops below 30—What’s Next?
On Thursday, June 28, silver fell 0.3% and was trading at $16.00. Platinum dropped 1.0% and traded at $850.00.
How Market Volatility Moved Gold on June 25
Precious metals saw downward price movement on June 25. Gold fell ~0.26% and was trading at $1,266.00 per ounce on the day.
How Economic Numbers and the US Dollar Downplayed Precious Metals
Before the Fed’s minutes were released on May 23, gold was trading lower due to the increased pressure from the surging US dollar.
US Dollar at a 5-Month High, Gold at 5-Month Low
Besides overall market volatility, the most important determinant of precious metal prices, especially gold’s (IAU) (SLV), is the US dollar.
Is a Rebound in the Cards for Gold?
After the massive slump in gold prices as US Treasury yields rose, the trading range for gold seems to have corrected lower.
Silver: The Second-Favorite Metal
With continuing downward sentiment in precious metals, it’s important to look at what large traders and hedge funds are doing with their positions in metals.
The Slump in Precious Metals and Their Technicals
On May 15, gold dropped about 2.1% and closed at $1,288.90 per ounce.
How Are Miners’ Correlations Moving in May?
In this part of the series, we’ll look at the correlation between gold and four mining stocks.
A Quick Look at the Technicals of the 4 Precious Metals
Gold’s price dipped 0.13% to $1,312.8 per ounce on May 9. The fall in gold was extended for a number of reasons.
The Correlation of Miners over the Last Few Years
Over the past three years, NGD has seen a declining correlation to gold, while BTG, RGLD, and NEM have seen mixed correlations.
A Quick Look at the Relationship between Gold and Silver
Though gold and silver are the top two haven precious metals and tend to move in tandem, 2018 has been a little surprising.
All 4 Precious Metals in the Red: Is There Hope for Revival?
In this series, we’ll analyze the various factors that affected precious metal prices at the end of April.
How Gold and Silver Performed amid Geopolitical Tensions
The past one month has been good for precious metals with the exception of platinum.
How Precious Metals and Miners Moving in April?
Precious metals had another up day as gold futures for April expiration rose 0.48% on Friday, April 13, closing at $1,344.80 per ounce.
How Fall of the Dollar Is Impacting Precious Metals and Miners
A market indicator for gold that has been playing a significant role in determining the directional move for precious metals is the US dollar.
How Is the Dollar Affecting Precious Metals?
Besides ongoing geopolitical concerns, a crucial factor that gold keeps looking to for directional moves is the US dollar.
Are US-China Jitters Affecting Precious Metals?
Gold futures for April expiration were trading at $1,336.3 an ounce on Monday, April 9.
Why Gold Is Performing Better than Silver
There has been a significant up-and-down movement in the precious metals since the beginning of 2018.
What Drove Gold and Silver Upward?
The two most critical precious metals, gold and silver, rose on March 23, rising 1.4% and 1% in spot markets.
Can Coeur Mining’s Outperformance Continue in 2018?
Coeur Mining’s (CDE) YTD (year-to-date) operational performance has been strong. Among major silver miners, it has given the highest return.
How Trade War Fears Could Move Precious Metals
All four precious metals saw a down day on Monday, March 5. Gold, silver, platinum, and palladium were down 0.23%, 0.33%, 0.31%, and 0.81%, respectively.
How Gold Is Pressured by Interest Rates and the US Dollar
All four precious metals fell on February 27, primarily due to the rising strength of the US dollar. The dollar increased 0.56% on the day.
Could Rising Inflation Boost Gold?
There has been much hype about the expected movement of inflation and how the Federal Reserve would react to this.
How Inflationary Pressure Played on Gold Last Week
Among the core indicators playing precious metal prices is the rise in US inflation, which is currently at 2.2%—almost at growth of 1% compared to the start of 2016.
What’s Keeping a Lid on Precious Metal Prices?
On Friday, February 9, gold prices saw some sign of revival as equities continued tumbling and haven bids pulled precious metals higher.
How the Interest Rate Hike Is Playing on Precious Metals
Another element besides the fluctuations of the US dollar that could have led to the fall in precious metals is the US interest rate.
Tug-of-War: How Inflation and Interest Rates Are Pulling Gold
The better the economic forecast for the US, the sooner we could see more interest rate hikes.
The Trend Analysis of the Gold–Silver Ratio in January 2018
Gold and silver had a great start to 2018, and they have risen about 3.5% and 1.9%, respectively, year-to-date.
A Brief Analysis of the Gold-Silver Spread in January 2018
A quick look at the relationship between the two core precious metals, gold and silver, could also be helpful in the analysis of the overall precious metals market.