Silver Still a Good Buy

By Sam Collins,

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

I first recommended SLV on Nov. 25, 2009, at $18.50. And on Nov. 8, 2010, at $16.19, 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."

As long as the U.S. dollar falls and precious metals advance, SLV will likely move ahead. Continue to buy and hold SLV.

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 .

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

This article appears in: Investing Stocks
Referenced Stocks: ETF , SLV

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