This Week May Bring Volatile Silver Prices As Investors Look To Jump Into The Silver ETF
“Silver prices are expected to be volatile this week, possibly moving between $16.25 and $18.00. After peaking in the first week of December prices have come off sharply, dropping more than $2,” Commodity Online Reports.
“Any drop below $17 would be expected to prompt heavy investor and fabricator buying, as did the dip to $16.90 on Friday, 11 December. Over the past several months price dips have been taken as buying opportunities. Prices below $17 might be short-lived, if they materialize this week,” Commodity Online Reports.
“There have been reports that many fabricators have been waiting on the sidelines for lower silver prices. This week may spark buying interest from end-users expecting that demand for silver in some sectors such as electronics, batteries, and solar powered panels could surge as the global economy recovers,” Commodity Online Reports.
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The objective of the investment (SLV) 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 making an investment similar to an investment in silver. Although the fund is not the exact equivalent of an investment in silver, they provide investors with an alternative that allows a level of participation in the silver market through the securities market.
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