iShares Silver Trust (NYSE:SLV) — The objective of this investment is to reflect the price of silver owned by the trust, less the trust’s expenses and liabilities. The fund is intended to constitute a simple and cost-effective means of owning silver since the trust holds physical silver bullion.
For two months, silver has been consolidating. But on July 13, it successfully attacked its 50-day moving average, gapping through it, and therefore, successfully establishing a double-bottom with a new target of $46.
- See Sam Collins’ Daily Market Outlook: 3 Safe Places to Put Your Money
- See Serge Berger’s Daily Market Outlook: Market Trouble Brewing on the Horizon
- See Serge Berger’s Trade of the Day: This CAT Has More Lives
