If precious metals exchange-traded funds, such as the SPDR Gold Trust (ETF) (NYSE: GLD) and the iShares Silver Trust (ETF) (NYSE: SLV), were to be compared to high school sports teams, the gold funds would be the varsity team while SLV and friends would be the junior varsity squad.
That is not so much a knock on SLV as it is a testament to GLD's strength. Year to date, the world's largest bullion-backed ETF is up 16.2 percent, while SLV is higher by “just” 10.5 percent. Negative interest rates throughout the developed world coupled with investors' thirst for safe assets, among other factors, have buoyed GLD and left SLV to pick up the scraps.
That situation has reversal potential, and ambitious traders can ...
/www.benzinga.com/trading-ideas/long-ideas/16/03/7711073/long-silver-short-gold-etfs-maybe alt=Long Silver, Short Gold ETFs? Maybe>Full story available on Benzinga.com
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