Silver ETF Still a Good Buy

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iShares Silver Trust (NYSE: SLV ) - This exchange-traded fund (ETF) is intended to constitute a simple and cost-effective means of owning silver since the trust holds physical silver bullion. The objective of this investment is to reflect the price of silver owned by the trust less the trust's expenses and liabilities.

I first recommended SLV in November 2009, at $18.50. On Nov. 8, 2010, at $25, the Trade of the Day said, "The trust has had straight-line appreciation since September 2010, so buyers should use caution at current levels. But if silver bullion continues to rise and inflation rears its head, SLV could see much higher prices. Buying a half position now and a full position later might prove to be a wise investment."

Silver is still advancing, and at over $30, SLV appears to be headed even higher. Positions may still be bought, but placing a trailing stop-loss order at 10% under the market is advised since the angle of advance has become very steep, which increases the risk of a correction.


Trade of the Day - SLV Chart

Trade of the Day Chart Key

If you have questions or comments for Sam Collins, please e-mail him at samailc@cox.net .



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.



This article appears in: Investing , Stocks

Referenced Stocks: ETF , SLV

Sam Collins

Sam Collins

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