Seeking Alpha

Silver gets downgraded by UBS which slashes its one-month outlook by about a third to...

Silver gets downgraded by UBS which slashes its one-month outlook by about a third to $17.50/ounce and the 3-month forecast 27% to $20.50. For the year, the price is expected to average $24, off 17% from previous. Silver lacks its own drivers, says UBS, and will thus take cues from gold where GLD is off 1% premarket. SLV -2%, AGQ -4%, ZSL +4% premarket.
From other sites
Comments (2)
  • drstocks
    , contributor
    Comments (60) | Send Message
     
    The time to buy silver ( back ) has not yet come. Should it hit 15 usd it's definitely a buy ( gold at below 1,050 ) again.
    24 Jun 2013, 09:30 AM Reply Like
  • user92718
    , contributor
    Comments (172) | Send Message
     
    If you wanna keep chasing the bottom, then I assure you will miss the rally once it happens!
    24 Jun 2013, 12:51 PM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Hub
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs