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iShares Silver Trust ETF (SLV)

- NYSEARCA
  • Apr. 16, 2013, 8:24 AM
    Most of this morning's biggest premarket gappers come from yesterday's downtrodden mining losers: GFI +7.8%, AU +6.6%, GOLD +6.1%, KGC +4.8%, ABX +4.1%, AG +4%, HMY +3.2%, HL +3.1%, AUY +2.8%, EGO +2.6%, SLW +2.5%, RIO +2.3%, NEM +2%, MT +1.9%. ETFs: GDX +2.8%, SLV +2.8%, GLD +2.3%.
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  • Apr. 16, 2013, 7:02 AM
    After continuing to slide sharply early in overnight trade, gold is bouncing, +1.8% to $1,388/oz. (it touched $1,322 at its low point). Silver +0.6% to $23.50 after dropping as low as $22.01. GLD +2.5%, SLV +3.4% premarket.
    | 6 Comments
  • Apr. 15, 2013, 10:48 PM
    Precious metals continue lower in volatile trade this evening, gold (GLD) off another 1.3% to $1,343/oz., and silver (SLV) tacking on another 3.3% in losses to $22.57. WTI crude oil slides 2.4% to $86.60/barrel. Stock index futures, however, show signs of a rebound, the S&P 500 (SPY) +0.3% and Nasdaq 100 (QQQ) +0.5%.
    | 12 Comments
  • Apr. 15, 2013, 5:03 AM
    Mining stocks are taking a bit of a hiding following China's slowing GDP growth and the sell-off in precious metals. Rio Tinto (RIO) -4.5% premarket, BHP Billiton (BHP) -3.6%, Barrick Gold (ABX) -3.6%, AngloGold (AU) -5.2%, IAMGold (IAG) -1.2%, Gold Fields (GFI) -5%, Goldcorp (GG) -3.9%, Kinross (KGC) -5.1%, Seabridge Gold (SA) -2.8%, Newmont Mining (NEM) -3.4%, Freeport-McMoRan Copper & Gold (FCX) -2.85% and Anglo American (AAUKF.PK) -3.9% in London. NovaGold (NG) fell 13% on Friday.
    | 3 Comments
  • Apr. 15, 2013, 5:01 AM
    Gold futures leg down to $1,401, -6.1%. Silver -9.8% to $23.74. ETFs to watch: GLD, IAU, DGP, SGOL, UGL, PHYS, AGOL, DGL, UBG, DZZ, GLL, DGZ, UGLD, DGLD, DBP, GLDI, GDX, GDXJ, NUGT, AGQ, GLDX, PSAU, DUST, GGGG, RING, SLV, PSLV, SIVR, ZSL, DBS, USV, USLV, DSLV, SILJ, SIL, SLVP.
    | 2 Comments
  • Apr. 14, 2013, 11:06 PM
    Precious metals continue to sell off sharply, gold (GLD) -4% to $1,440/oz., the lowest level in about 2 years. Off 6.7% to $24.58, silver's (SLV) back to fall 2010 levels.
    | 50 Comments
  • Apr. 12, 2013, 2:27 PM
    Goldman's short call on gold looks prescient, as comex gold sinks $63.50 to settle at $1,501.40/oz. for its lowest close since July 2011. Traders and analysts see no obvious trigger for the selloff, which seems to reflect the malaise that has gripped the market. Silver slips $1.37 to $26.33/oz. Miners are huge losers: HMY -7.5%, ABX -7.3%, AEM -6.9%, AUY -6.2%, SLW -5.6%, NEM -5.2%, EGO -4.9%, GFI -4.8%, GG -4.5%.
    | 37 Comments
  • Apr. 12, 2013, 10:52 AM
    A slide in commodity prices turns into a rout: GLD -3.2%, SLV -4.2%, USO -3%, Copper (JJC) -2.2%. At $1,506/oz., gold is threatening a $1,400 handle for the first time in nearly 2 years. After an early bounce, stocks move to session lows, the S&P 500 -0.7%. The long bond gains three-quarters of a full point, its yield down to a 2013 low of 2.93%. Update at 11:05: Now off 4.3%, gold slips below $1,500.
    | 54 Comments
  • Apr. 12, 2013, 8:54 AM
    The gold bear market/correction continues with the metal sliding to $1,537/oz., the lowest since last summer. Looking at a longer-term chart, gold has bounced off the low-mid $1,500 level a few times over the last 18 months.  A drop below that would break what the technicians like to call "long-term support." The pattern in silver is similar. GLD -1.6%, SLV -2.2% premarket.
    | 12 Comments
  • Apr. 3, 2013, 2:19 PM
    Precious metals (GLD -1.4%, SLV -1.3%) tumble to new multi-month lows, with gold at $1,552/oz. the weakest since last summer and right near what technicians like to call long-term support going back to mid-2011. At $26.87, silver also threatens key chart levels.
    | 24 Comments
  • Apr. 2, 2013, 2:12 PM
    Silver has slid into a bear market, down ~22% since October and settling -2.5% today at $27.24, and some analysts say the pain is just beginning. Colin Cieszynski says recent moves reflect a technical breakdown but, similar to selling pressure hitting gold, silver is losing fans as inflation fears fade. iShares Silver Trust (SLV -2.4%) has extended its pattern of stair-step declines, an ominous technical warning.
    | 19 Comments
  • Mar. 28, 2013, 1:06 PM
    It's absolutely idiotic to own SLV for two reasons, says technician Peter Brandt. First, he believes fans of silver get a far deal better trading the futures, rather than the ETF. Second, the daily chart remains in a strong downtrend, and a break much lower puts long-term support of $25.50 in play. Beyond that, the next major support is $20.75.
    | 20 Comments
  • Mar. 25, 2013, 8:20 AM
    With Cyprus beginning to make its way off the front pages, gold heads lower, sliding $11.25/oz. to $1,595. GLD -0.8%, SLV -0.3% premarket.
    | 6 Comments
  • Mar. 21, 2013, 3:28 PM
    In the silver market, Commerzbank thinks it's time to see movement befitting an industrial metal and less like the currency metal it has traded in recent weeks. The equivalent of 3,700 tons of silver was sold in the futures market during the past five weeks, or ~40% of 2011's total investment demand; "in the past, we often saw marked counter-movements after such pronounced developments." (earlier)
    | 10 Comments
  • Mar. 12, 2013, 8:25 AM
    Gold gets a sniff of $1,600, gaining 1% in minutes to $1,596/oz., with traders noting one buyer taking down 5.7K 1-month gold futures contracts as stoking the move. GLD +1% premarket. Silver comes along for the ride, SLV +1.1%.
    | 10 Comments
  • Mar. 5, 2013, 4:41 PM
    Gundlach: Worrying about how the Fed may unwind its policies is a waste of time, he says. The current Fed boss and the putative successor (Yellen) haven't indicated any interest in an exit. With precious metals bears patting themselves on the back of late, Gundlach thinks it's a good time to buy, preferring silver (SLV) to gold (GLD) thanks to the white metal's higher beta.
    | 7 Comments
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SLV Description
The objective of the iShares Silver Trust is for the value of the shares of the iShares Silver Trust to reflect, at any given time, the price of silver owned by the iShares Silver Trust at that time, less the iShares Silver Trust's expenses and liabilities.
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