Friday, August 16, 2013

5 Silver ETFs Surging on Commodity Strength: SIL, SLVP, GDX, SILJ, AGQ, USLV, SLW


Thanks to a recent bout of commodity strength, mining stocks have been surging higher lately. Most investors have been focused in on gold mining securities though, as these have taken the lion’s share of interest as of late.

This is for good reason too, as gold mining ETFs like (GDX - ETF report) have seen double digit percentage increases over the past week, while others, like the junior gold miners ETF (GDXJ), have surged by over 20% in the past week alone. Given these kinds of moves, it is easy to see why investors have been so focused on the now-surging space in recent trading.

However, another corner of the precious metal world has also done quite well lately, silver. The white metal has seen incredibly firm trading too over the past few sessions, and it has actually outperformed gold in many respects.

This is especially true in the silver mining space as these often trade as a leveraged play on the underlying metal, and with silver being more volatile than gold, they can truly take off in bull runs. Below, we briefly highlight five of the top performing silver ETFs over the past week, any of which could be interesting short-term selections, should the surge in silver prices continue: (more)

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