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Why is #gold a better investment than say #silver, or other #PreciousMetals? $gld $slv
#Silver chose the path to a breakout and a new high! Very interesting. $SLV
True that silver had been performing better than gold of late, but I have 2 thoughts: I am somewhat concerned about the volatility of penny stocks that you mentioned above. If I was investing in silver I prefer iShares Silver Trust ($SLV), and secondly, with the expectation for more rate hikes in 2017, I foresee that safe haven investments like gold and silver will be worse performers when compared with banking and financial stocks like #Citigroup, #BankOfAmerica, or #Goldman Sachs. As always, best advice is to diversify. $C $BAC $GS
I agree that #silver has long been overshadowed by #gold. But 2017 is looking up for silver investors! $SLV
I sold $SLV calls and $AG shares today because it looks like silver could have a good bit of downside ahead. $17.85 looked like a double top, so the downside was too much for me to bear as a shorter term trader. I'm hoping cycle low comes around the end of the month so that I can scale back into the metals/miners.
Where do you see $SLV bottoming? Any thoughts?