Precious metals started the year as one of the most hated asset classes after a 2013 that wreaked havoc on gold, silver, and even platinum prices.
Unfortunately, after a brief rally attempt in the first quarter, silver is once again slipping back down near its 2013 lows and appears to be nearing key support levels.
The iShares Silver Trust (NYSE: SLV) tracks the daily spot price of silver bullion. This ETF is structured as a trust that owns physical silver and in turn creates or redeems shares according to fluctuations in the value of this precious metal.
SLV is the oldest and largest ETF that tracks silver prices, with more than $6.3 billion in total assets under management. That equates to approximately 327 million ounces of silver ...
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