With the Summer Olympics right around the corner, the public will be reminded of another slight to silver: It is the medal awarded to second-place finishers in various events. In the investment world this year, silver is far from a runner-up.
Talk About Some Awesome Returns
The iShares Silver Trust (ETF) (NYSE: SLV) is up 42.1 percent, while the SPDR Gold Trust (ETF)(NYSE: GLD) is up “just” 26.6 percent. Large discrepancies are seen with gold and silver mining exchange-traded funds. For example, the largest silver miners ETF is up 148.2 percent this year, while the largest gold miners ETF is higher by 111.7 percent.
Those are terrific returns, but they do not impress relative to the PureFunds ISE Junior Silver ETF (FactorShares Trust (NYSE: SILJ)). In ...
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