VelocityShares 3x Long Silver ETN
Are Miners Closely Tracking Gold and Silver?
In this part of the series, we’ll look at miners’ RSI (relative strength index) scores and implied volatilities.
How Are the Mining Stocks’ Technical Indicators Moving?
Goldcorp (GG) and Newmont Mining (NEM) have dropped 4.2% and 6.2%, respectively, over the last month.
How Is Overall Market Sentiment Affecting Silver?
Silver futures for December expiration closed at $17.8 an ounce on October 25, only a little lower than their day high.
Analyzing the Performances of the Giant Precious Metal Miners
The RSI (relative strength index) levels of mining shares have been falling considerably, and prices have slowly been retreating.
Reading the Top Gaining Silver Miners’ Technicals
Undoubtedly, silver has outperformed gold this year. While gold has seen a year-to-date rise of 24%, silver has seen a rise of 33.3%.
Why Bank of America Merrill Lynch Favors Silver over Gold
Further to Bank of America Merrill Lynch’s take on gold, it’s crucial to consider the bank’s take on silver.
Why Hedge Funds Liquidated Some of Their Gold
Hedge funds increased their bets on gold as prices fell after gold’s gains in 1Q16. However, hedge funds and money managers curbed their bets on gold as it fell steadily in May.
What Is the Silver Supply and Demand Scenario?
In 2016, silver has outperformed its precious metal peers. Silver has risen about 19.6% on a year-to-date basis while gold has risen 18%.