Watch Silver
As you know I am bullish on both Gold and Silver and I'm long GLD and SLV which are the ETFs for gold and silver.
In the above chart we have silver compared to gold (black line) and SLV in red. In my opinion I think we are going to see silver begin to outperform gold in the coming weeks.
The relative strength line has made a 4 week high today which means silver is becoming stronger than gold. I think Silver will be the better metal to be long.
5 comments:
Any recommentation on specific silver stocks?
A few weeks ago a reader asked me which silver stocks I liked and I said SSRI and PAAS..
Kevin- would you say Silver and Gold are positively correlated & co-integrate? Tx.
Kevin,
Is there and ETF that is a gold / silver composite? Something that might follow XAU?
Thanks!
Dave
Hi Yaser,
Yes, silver and gold are positively correlated.
Hi DPS,
I'm not sure if there is an ETF that tracks the gold/silver composite. If you want to trade both gold and silver, trade SLV and GLD, that's what I do. I'm long more SLV than GLD because I think SLV will be the stronger of the two.
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