abrdn Physical Silver Shares ETF (ARCA: SIVR)

最新ニュース abrdn Physical Silver Shares ETF (ARCA:SIVR)

The shares are intended to constitute a simple and cost-effective means of making an investment similar to an investment in silver. An investment in physical silver requires expensive and sometimes complicated arrangements in connection with the assay, transportation, warehousing and insurance of the metal. Although the shares are not the exact equivalent of an investment in silver, they provide investors with an alternative that allows a level of participation in the silver market through the securities market.

Aberdeen Standard Physical Silver Shares ETF

abrdn Physical Silver Shares ETF

While investors obsess over <a href="https://www.benzinga.com/trading-ideas/technicals/25/04/44836660/gold-tops-3300-as-peter-schiff-calls-it-biggest-financial-story-barrick-gold-flaunts-a-golden-cross">gold's path to $3,000</a>, silver may be quietly setting up for the bigger upside move — and the math might already be flashing the signal.
In a recent <a href="https://x.com/RonStoeferle/status/1925810027509457289?s=31">post</a> on X, Ronald-Peter Stöferle pointed out that if the gold-silver ratio — a historical measure of how many ounces of silver equal one ounce of gold — reverts to its long-term average, silver prices could surge.
With gold potentially heading to $3,000, the ratio implies silver could be worth between $55 and $63 per ounce, up to 95% higher than its current ~$33 price.
Read Also: <a href="https://www.benzinga.com/trading-ideas/long-ideas/25/05/45562808/jim-cramer-rivian-better-than-this-automaker-pan-american-silver-is-the-best-silver-mine">Jim Cramer: Rivian Better Than This Automaker, Pan American Silver Is The &#8216;Best Silver Mine&#8217;</a>
<h2 class="wp-block-heading">Silver Could Shine Brighter</h2>
But this isn't just a valuation story. Silver's fundamentals are shifting fast, and not just as a monetary metal. 2025 will mark the fifth consecutive year of silver supply deficits, with a cumulative shortfall of nearly 800 million ounces since 2021 — about the size of an entire year's mine production.
Demand, meanwhile, is being supercharged by industrial use. Solar panels alone are expected to consume nearly 198 million ounces of silver this year — an all-time high — and new-generation TOPCON technology could double that demand by 2029. Then there's the looming battery boom: Samsung's next-gen solid-state EV batteries could require up to 1 kilogram of silver per vehicle, a 20x jump from current battery chemistry.
Adding to the bullish pressure is India's sudden interest. The country imported 225 million ounces of silver in 2024 alone and could surpass 200 million ounces in ETP holdings by 2027, combining cultural affinity with a growing appetite for financial exposure.
For U.S. investors looking to position, the iShares Silver Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SLV#NYSE">SLV</a>) and the Aberdeen Silver ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SIVR#NYSE">SIVR</a>) track silver spot prices directly. More aggressive bets lie in the Global X Silver Miners ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SIL#NYSE">SIL</a>) or the ETFMG Junior Silver Miners (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SILJ#NYSE">SILJ</a>).
If the golden ratio starts to snap back, silver may not just play catch-up — it might just outrun the headlines.
Read Next: 
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SIVR

The Golden Ratio's Silver Surprise: This Metal's Price Could Double

As global tensions and market uncertainty continue to escalate, <a href="https://www.benzinga.com/money/silver-price-forecast-short-long-term-silver-price-prediction">silver prices are experiencing </a>a significant rise. This surge has resulted in notable gains for silver-linked ETFs in recent trading sessions.
What Happened: According to <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/08/40457722/gold-is-getting-its-moment-in-the-sun-and-experts-say-the-record-high-prices-could-">Benzinga Pro</a> on Thursday several silver-linked ETFs have benefited from this surge. abrdn Physical Silver Shares ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SIVR#NYSE">SIVR</a>) is up 1.28% in the premarket, with a year-to-date return of over 42.01%. iShares Silver Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SLV#NYSE">SLV</a>) is up 1.27% in the premarket, boasting a year-to-date return of over 41.85%. abrdn Physical Precious Metals Basket Shares ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GLTR#NYSE">GLTR</a>) is up 1.48% in the premarket, with a year-to-date return of over 30.29%.
These ETFs aim to reflect the performance of silver prices, less their expenses. They hold physical silver bullion, providing investors with exposure to silver price movements without the need to physically own and store the metal.
The silver prices have been making substantial gains due to escalating tensions in the Middle East, <a href="https://www.benzinga.com/news/24/10/41379867/european-central-bank-lowers-interest-rates-again-first-back-to-back-cuts-in-13-years">interest rate cuts </a>by the European Central Bank (ECB), and uncertainty surrounding the <a href="https://www.benzinga.com/markets/eurozone/24/10/41513261/us-dollar-on-the-rise-key-levels-to-watch-ahead-of-the-elections">upcoming U.S. election</a>. These factors have increased the demand for safe-haven assets like silver.
See Also: <a href="https://www.benzinga.com/trading-ideas/long-ideas/24/10/41426422/jim-cramer-says-this-energy-stock-is-a-buy-it-can-make-money-even-at-these-levels?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Jim Cramer Says This Energy Stock Is A Buy: &#8216;It Can Make Money Even At These Levels&#8217;</a>
Comex silver prices have remained above $34.43 per ounce, marking their highest levels in 12 years. This month, Comex Silver has seen an 11% increase, its largest monthly gain since May 2024. Year-to-date, silver prices have risen by 46%, outpacing gold&#8217;s 33.3% rise.
Why It Matters: The rally in silver prices came after gold reached an all-time high with experts saying that gold &#8216;is getting its moment in the Sun.&#8217; <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/08/40457722/gold-is-getting-its-moment-in-the-sun-and-experts-say-the-record-high-prices-could-">Gold earlier this year</a> outperformed Bitcoin, suggesting that cryptocurrencies may not be the effective hedge against lower interest rates, a declining dollar, and financial instability that Bitcoin proponents had anticipated. 
Gold and silver are often viewed as a <a href="https://www.benzinga.com/news/large-cap/24/08/40419054/gold-prices-hit-all-time-highs-of-2-500-as-traders-jump-on-rate-cut-train-mining-stocks-on-the-mov">safe-haven investment</a> in times of economic and political uncertainty. The precious metal can also serve as a hedge against declines in the value of the U.S. dollar.
Meanwhile, the unexpected surge has put five U.S. banks at risk of substantial financial losses due to their large short positions in the metal. This amounts to approximately 707.9 million ounces, nearly equaling a year&#8217;s global silver production. With silver prices increasing by $1.84 per ounce, these short positions are now estimated to be underwater by $1.3 billion.
Read Next: <a href="https://www.benzinga.com/markets/equities/24/10/41459673/whats-going-on-with-trump-media-technology-stock-today?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">What&#8217;s Going On With Trump Media &amp; Technology Stock Today?</a>
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This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.

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After Gold's 'Moment In The Sun,' It's Now Silver's Turn: These ETFs Linked To The Shiny Metal Are Rising In Thursday's Pre Market

Investors cautious about the Federal Reserve&#39;s September rate cut&mdash;confirmed at its mid-month meeting to be a full 50 basis points&mdash;and skeptical about the strength of the dollar have flocked to gold, sending the most famous safe haven commodity soaring to record highs. But there is only so much upside potential to gold, particularly given the attention that it has already drawn. For investors interested in diversifying beyond gold but still in search of a hedge against the dollar amid a new interest rate environment, silver provides a suitable alternative.
The price of silver has climbed at a pace just slightly slower than gold in the last year, surging by more than 29% in that time. Investors looking to stock up on physical metals may find that silver&#39;s lower price relative to gold makes it more accessible. It also has a strong array of applications, as its conductivity makes it an essential component of many electronics, solar components, and other products.
There are also ways to build indirect exposure to silver, either through a number of ETFs focused on the mining industry or through the stocks of individual silver mining firms. These companies tend to do well when the price of silver surges but are potentially separated from the volatility of the metal itself to some degree.
<h2>PAAS: Increased Resource Estimates, Earnings Growth Potential</h2>
Pan American Silver Corp. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/paas#NYSE">PAAS</a>) is among the larger silver mining companies, with a market capitalization of $7.5 billion. This size is reflected in the firm&#39;s large portfolio of mines scattered throughout the Americas. One mine in particular&mdash;the La Colorada Skarn mine in Mexico&mdash;is notable as Pan American&#39;s highest-producing silver mine.
Pan American announced a significant increase in estimated silver resources at La Colorada earlier this month. The firm also has expansions planned in other mining sites as well. This news could be part of the reason analysts expect Pan American to more than double its earnings in the coming year.
The company is also favored by analysts because of its healthy free cash flow (over $102 million in the latest quarter), which gives it a healthy cushion to fund expansions of its mining efforts or dividend payments.
<h2>WPM: Solid Finances and Balance Sheet</h2>
Investors looking for stability in a mining stock should look to Wheaton Precious Metals Corp. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/wpm#NYSE">WPM</a>), which generated an impressive $234 million in operating cash flow last quarter. The firm carries a cash balance of over $500 million and no debt as of the end of the second quarter, making it ideally positioned to address a variety of business needs through the remainder of the year.
Wheaton is among the few mining stocks to generate net earnings rather than net losses last quarter.
This company is less of a targeted silver play than some others, however.
While Wheaton&#39;s silver production for the latest quarter did climb by 14% relative to a year earlier, silver production and sales remain just a small portion of the company&#39;s business, well behind gold.
<h2>NEM: Notable Dividend and Major Cash Influx</h2>
Newmont Corp. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/nem#NYSE">NEM</a>) is also one of the largest mining companies, but while other firms expand their operations, this company is making moves to streamline its business.
Like Wheaton above, its primary business is gold, though Newmont does maintain its silver mining operations as well.
Newmont has recently renewed its focus on high-production tier 1 mining assets, and in doing so plans to sell a number of its other mining projects.
In the process, Newmont could raise $2 billion.
This could boost its dividend yield and may be a factor among analysts forecasting earnings growth of more than 20% in the coming year.
<h2>Silver ETFs Offer Easy Exposure to Silver Without Storage Hassles</h2>
Silver ETFs offer investors an easy way of tracking the spot price of silver without having to face the challenges associated with holding, storing, and transporting physical silver. An under-the-radar silver ETF is the Aberdeen Standard Physical Silver Shares ETF (ARCA:SIVR), which stands out for its strong performance over the last year&mdash;it is up more than 28% during that time&mdash;as well as its expense ratio of 0.30%, lower than popular competitor iShares Silver Trust ETF (ARCA:SLV) which stands at 0.50%.
The article &quot;<a href="https://www.marketbeat.com/stock-ideas/prepare-for-a-silver-surge-best-mining-stocks-to-watch-now/">Prepare for a Silver Surge: Best Mining Stocks to Watch Now</a>&quot; first appeared on MarketBeat.

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Prepare for a Silver Surge: Best Mining Stocks to Watch Now

In the wake of surging gold and silver prices, Bank of America has highlighted four exchange-traded funds (ETFs) that offer attractive exposure to precious metals.
What Happened: The top-ranked ETFs by BoFA include abrdn Physical Silver Shares ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SIVR#NYSE">SIVR</a>), iShares Silver Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SLV#NYSE">SLV</a>), Invesco DB Precious Metals Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DBP#NYSE">DBP</a>), and abrdn Physical Precious Metals Basket Shares ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GLTR#NYSE">GLTR</a>), CNBC <a href="https://www.cnbc.com/2024/05/27/silver-vs-gold-bank-of-america-names-4-attractive-etfs.html">reported</a> on Sunday. These ETFs, rated as &#8220;more attractive&#8221; by Bank of America, encapsulate a range of precious metals such as silver, gold, palladium, and platinum.
Bank of America&#8217;s research suggests that a portfolio with 40% exposure to broad commodities would have outpaced a similar portfolio with U.S. Treasury bonds by 0.8% annually since 1945. Despite strong performance post-Covid-19, long-term commodity returns remain near record lows, as per the bank. However, Bank of America anticipates a reversion to the mean for commodities.
See Also: <a href="https://www.benzinga.com/markets/equities/24/05/39021107/donald-trump-floats-idea-of-bringing-back-adviser-peter-navarro-for-potential-second-term-despit?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Donald Trump Floats Idea Of Bringing Back Adviser Peter Navarro For Potential Second Term Despite Prison</a>
Jared Woodard, the bank&#8217;s ETF strategist, stated, &#8220;Commodities are still at all-time lows relative to financial assets, and this ratio would likely move higher in a sustained shift to a 5% world.&#8221;
The abrdn Physical Silver Shares ETF SIVR is the most cost-effective silver fund in Bank of America&#8217;s coverage, with a total expense ratio of 0.50%. The bank&#8217;s commodity team is also bullish on silver, predicting spot prices to hit $26.46 per ounce by the end of 2024, and $32.50 per ounce by the end of the next year.
Why It Matters: The spotlight on these ETFs comes at a time when investors are increasingly turning to precious metals. Investors were <a href="https://www.benzinga.com/etfs/sector-etfs/24/05/38710172/as-spot-gold-stalls-will-investors-turn-to-gold-miners-this-etf-looks-ready-to-break-out-and-off">looking at gold miners as spot gold</a> prices stalled. 
This trend was followed <a href="https://www.benzinga.com/24/05/38920684/silver-gold-and-copper-breakout-wall-streets-last-bear-throws-in-the-towel">by a breakout in silver, gold, and copper prices</a>. This shift was particularly notable for companies like Newmont (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NEM#NYSE">NEM</a>), which are integral to the precious metals supply chain.
Read Next: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/05/39014019/nvidia-tech-stocks-propel-nasdaq-100-to-record-high-solar-sector-shines-meme-stock-?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Nvidia, Tech Stocks Propel Nasdaq 100 To Record High; Solar Sector Shines, Meme Stock Bubble Bursts: This Week In The Market</a>
Image by Inozemtsev Konstantin via Shutterstock
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/topic/Pooja-Rajkumari" target="_blank" rel="noreferrer noopener">Pooja Rajkumari</a>

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Amid Soaring Gold, Silver Prices, Bank of America Is Bullish On These 4 Promising Metal ETFs For Good Investment Returns

<ul>
<li>Gold rose 0.16% to $1,940.15 at 04.30 AM ET</li>
<li>Silver rose 0.21% to $23.328 at 04.30 AM ET</li>
</ul>

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Gold And Silver Prices Edge Higher Today, Ahead Of US Inflation Data

Benzinga takes a look back at a notable market-related moment that occurred on this date.
<h3>What Happened?</h3>
On March 27, 1980, the price of silver collapsed by 33% in a single day after the Hunt brothers&rsquo; plan to corner the global silver market failed.
<h3>Where The Market Was</h3>
The Dow finished the day at 759.98. The S&amp;P 500 finished at 98.22. Today, the Dow is trading at 32,376.48 and the S&amp;P 500 is trading at 3,978.24.
What Else Was Going On In The World?
In 1980, Beatle John Lennon was shot and killed in New York, and Mount St. Helens erupted in Washington, killing 57 people. The average annual income in the U.S. was $19,500.
<h3>Silver Crash</h3>
Starting in 1979, Nelson and William Hunt, two of the world&rsquo;s <a href="http://www.begintoinvest.com/march-27/">wealthiest men</a>, had been buying up every ounce of silver they could get their hands on in an effort to gain control of the global silver market. The plan was to launch a private currency, not unlike bitcoin and other cryptocurrencies, except the Hunts&rsquo; currency would be backed by physical silver.
Prior to 1971, every U.S. dollar could be redeemed for its value in gold, but the U.S. went off the gold standard in 1971. The Hunt brothers wanted to create their own rival to the U.S. dollar that was backed by silver, an appealing idea for investors who were seeing double-digit depreciation in the value of the dollar throughout the 1970s due to inflation.
The Hunt brothers eventually acquired roughly half the global supply of silver, but the surge in silver prices they created resulted in a flood of new supply to the market. When the price of silver started to drop, the Hunts were forced to liquidate their holdings, and the entire plan collapsed along with the price of silver.
On March 27, 1980, silver lost a third of its value in a single day, plummeting from $16.25/oz to $10.85/oz.
Related Link:
<a href="https://www.benzinga.com/general/education/18/03/11417291/this-day-in-market-history-opec-raises-crude-oil-prices-by-9">This Day In Market History: OPEC Raises Crude Oil Prices By 9%</a>
Photo via Pixabay.&nbsp;

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Silver Prices Collapse As Hunt Brothers Currency Fails On This Day In Market History

&lsquo;Rich Dad, Poor Dad&rsquo; author <a href="https://www.benzinga.com/news/23/01/30252446/gold-hits-6-month-high-ahead-of-fed-minutes-release-why-experts-see-a-bright-2023-for-bullion">Robert Kiyosaki has</a> once again presented the case for buying gold and silver. Kiyosaki, who is known to be bullish on the commodities, has asked retail investors to buy at least a silver coin.
&lsquo;Why are gold, silver, Bitcoin going higher? A: Because US poor and middle class getting poorer &amp; deeper in bad debt. Please don&rsquo;t get poorer. At least buy one silver coin. Only $30 and start to get richer,&rsquo; he tweeted.
Also Read: <a href="https://www.benzinga.com/money/gold-ira-kit">Gold IRA Kit</a>
Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) prices have soared since the beginning of the year, having risen close to 39%. Spot Gold, too, has gained over 5% during the period. The SPDR Gold Trust&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/gld#NYSE">GLD</a>) has risen 4.88% while the Abrdn Physical Silver Shares ETF (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/sivr#NYSE">SIVR</a>) has lost 0.96%.
Recession Impact: Kiyosaki also wrote about the effects of a recession and said gold and silver are priceless in these times. &lsquo;Q: WHAT IS WORSE THAN A GREAT DEPRESSION? A: a global recession. UNFORTUNATELY we are in GLOBAL RECESSION. Hang on. Rough landing for world. BAD NEWS Bankruptcy, Unemployment, Homelessness soar. Retirements toast. GOOD NEWS. Bargains everywhere. Gold, Silver, BC PRICELESS,&quot;&nbsp;he tweeted.
Experts have increased their price predictions for gold as the Federal Reserve is widely anticipated to <a href="https://www.benzinga.com/analyst-ratings/analyst-color/23/01/30537986/why-el-erian-is-part-of-very-small-camp-against-fed-slowing-down-rate-hike-to-25-bp">slow down the pace of its rate hike soon.</a>
Suki Cooper,&nbsp;an analyst at Standard Chartered told Reuters she expects the dollar to weaken and bond yields to decline, but gold appears to have priced in much of this risk early. Gold prices could still hit $2,050 before cooling into the second half of the year, she said.
Read Next: <a href="https://www.benzinga.com/government/23/01/30658922/paul-krugman-tells-why-trillion-dollar-coin-to-resolve-us-debt-crisis-wont-be-inflationary">Paul Krugman Tells Why Trillion-Dollar Coin To Resolve US Debt Crisis Won&#39;t Be Inflationary</a>

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'Rich Dad, Poor Dad' Author Tells Why Bitcoin, Gold, Silver Are Rising: 'Please Don't Get Poorer'

Robert Kiyosaki, the author of &ldquo;Rich Dad, Poor Dad&rdquo;, was bullish on silver and has advised accumulating the commodity at a time when all other assets including bonds, stocks and real estate are crashing in September 2022.
The View: Kiyosaki stated in his tweet silver was moving sideways and may remain at $20 levels in the times to come. He believed the commodity was set for a huge upward movement in the long term.
&ldquo;TIME FOR POOR TO GET RICH. Stocks, bonds, <a href="https://www.benzinga.com/money/best-mutual-funds/">mutual funds</a>, ETF &amp; Real Estate crashing. As PREDICTED Middle class being wiped out. Silver moving sidewards. Silver to stay at $20 for 3-5 years, then climb to $100 to $500. Everyone can afford silver even poor. Accumulate silver now,&rdquo; the author said in his tweet.
<blockquote class="twitter-tweet">&nbsp;
TIME FOR POOR TO GET RICH. Stocks, bonds, mutual funds, ETF &amp; Real Estate crashing. As PREDICTED Middle class being wiped out. Silver moving sidewards. Silver to stay at $20 for 3-5 years, then climb to $100 to $500. Everyone can afford silver even poor. Accumulate silver now. &mdash; therealkiyosaki (@theRealKiyosaki) <a href="https://twitter.com/theRealKiyosaki/status/1569719927602573312?ref_src=twsrc%5Etfw">September 13, 2022</a>
</blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>Also Read: <a href="https://www.benzinga.com/markets/asia/22/09/28859116/alibaba-baidu-fall-over-3-hang-seng-mirrors-wall-street-nightmare-sheds-over-2">Alibaba, Baidu Slide Over 3% As Wall Street Horror Spreads To Hong Kong Stocks: Report Sparks Fears Of US-China Tensions Over Taiwan</a>
What Happened: Recession fears led by aggressive rate hikes by central banks had been pushing commodity prices down over the last few months. After falling to over two-year lows in early September, silver prices were trading above the $19/Oz level.
Historical High: According to the Silver Institute, prices of silver bullion rose from $11 an ounce in September 1979 to $49.45 an ounce in January 1980 based on London PM Fix during the Hunt brothers&rsquo; accumulation of the commodity. Prices ultimately fell to below $11 an ounce two months later, it said.
This story was originally published on Sept. 13, 2022.
Photo courtesy:&nbsp;<a href="https://www.flickr.com/photos/gageskidmore/" id="yui_3_16_0_1_1663127287964_1961" title="Go to Gage Skidmore's photostream">Gage Skidmore</a>&nbsp;on Flickr

'Rich Dad, Poor Dad' Author Says, Amid Wide Market Crashes, 'Accumulate' This Commodity To Get 400% Return In Long-Run

Silver prices have hit a two-year low as industrial demand from top consumer China remain low following strict COVID-19 restrictions in the country.
Price Movement: Silver futures were trading at $18.51 per troy ounce on Monday.&nbsp;This is 32% lower than the highs seen in March this year and&nbsp;quite near the lowest level&nbsp;since July 2020&nbsp;hit earlier this month.
Market Dynamics: Close to half the global silver supply is consumed for industrial uses by sectors involved in automotive components and electronics, among others. Experts have indicated demand from these sectors is set to dampen further. Fears of a recession following aggressive rate hikes by the&nbsp;U.S. Federal Reserve&nbsp;have also weakened sentiment.
Also Read:&nbsp;<a href="https://www.benzinga.com/markets/asia/22/07/28181408/oil-falls-to-one-week-low-on-eu-easing-russia-sanctions-demand-concerns-over-potential-us-fed-rate-h" target="_blank">Oil Hits 1-Week Low As EU Eases Russian Sanctions, US Demand Concerns Grow</a>
Long and Short Positions:&nbsp;Short positions by large traders totaled about 50,000 contracts as of July 12, marking a 32-month high post rising for three consecutive weeks, reported&nbsp;<a href="https://asia.nikkei.com/Business/Markets/Commodities/Silver-prices-soften-on-tumbling-demand-in-COVID-hit-China" target="_blank">Nikkei Asia</a>. Buy positions slumped to three-year lows, at just above 3,000 contracts on a net basis.
Demand Dynamics: Industrial demand for silver is set to grow 6% to 16,783 tons this year, according to the international research organization&nbsp;Silver Institute. The group forecasts a supply shortage of 2,224 tons.
Asset Prices:&nbsp;The&nbsp;iShares Silver Trust&nbsp;(NYSEARCA: SLV) has lost more than 19% since the beginning of the year. The&nbsp;ProShares Ultra Silver&nbsp;(NYSEARCA: AGQ) has lost more than 39% since January 2022 while the&nbsp;abrdn Physical Silver Shares ETF&nbsp;(NYSEARCA: SIVR) too has shed over 18%.

Silver Prices Fall To 2-Year Low As Demand From Top Consumer China Falls — US Recession Fears Add To Woes

Silver stocks such as First Majestic Silver Corp (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ag#NYSE">AG</a>) are shining amid speculation that the Reddit-fueled frenzy will extend to the precious metal and companies associated with it.
What Happened: First Majestic shares closed 21.56% higher at $16.86 and gained 12.69% in the after-hours session on Thursday. The iShares Silver Trust (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/slv#NYSE">SLV</a>), an ETF that tracks silver closed 5.55% higher at $24.72.
See also:&nbsp;<a href="https://www.benzinga.com/money/how-to-invest-in-silver/">How to Invest in Silver</a>
Spot silver traded 0.71% lower at $26.227, while March silver futures were up 1.38% at $26.28 at press time.&nbsp;
On Thursday, a WallStreetBets post claimed that banks are &ldquo;manipulating gold and silver to cover real inflation.&rdquo; The post went on to say that the inflation-adjusted price of silver should be <a href="https://www.benzinga.com/news/21/01/19362380/top-10-stocks-wallstreetbets-users-are-talking-about-today" style="text-decoration-line:none">$1,000 and not $25</a>.
&ldquo;$AG is essentially $GME for Silver, highest short float in the sector, nice leverage to silver, and just broke out above 10 year resistance too,&rdquo; said another post on the Reddit investor forum.
Other silver stocks that have seen a surge include Hecla Mining Company (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/hl#NYSE">HL</a>), which closed 16.84% higher and gained 3.2% in the after-hours session, and Fortuna Silver Mines Inc (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/fsm#NYSE">FSM</a>), which closed 13.73% higher at $7.62 and rose 7.09% to $8.16 in the after-hours trading.
Why It Matters: Investor Chris Camillo said on Benzinga&rsquo;s Short Squeeze <a href="https://www.youtube.com/watch?v=oKd_pGq7FwE">videocast</a> that he owns a $500,000 position in First Majestic and also owns iShare Silver Trust.&nbsp;
The Reddit investors are clamoring for vengeance against the likes of JPMorgan Chase &amp; Co (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/jpm#NYSE">JPM</a>), which they allege have manipulated the silver market.&nbsp;
If the investors on the forum are successful in moving silver prices, ETFs associated with silver-like ProShares Ultra Silver (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/agq#NYSE">AGQ</a>), and Aberdeen Standard Silver Shares ETF (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/sivr#NYSE">SIVR</a>) <a href="https://www.benzinga.com/trading-ideas/long-ideas/21/01/19360995/some-redditors-have-silver-etfs-in-their-sights" style="text-decoration-line:none">could see gains</a>.&nbsp;
AGQ closed 11.42% higher on Thursday, while SIVR saw gains of 5.46%.

Small Cap

After-Hours Center

How WallStreetBets Is Fueling A Rally In Silver Stocks

To say Reddit forum WallStreetBets accumulated infamy and notoriety and more in the span of a few days is an understatement. Just ask market participants holdings short positions in AMC Entertainment Holdings (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/amc#NYSE">AMC</a>) and GameStop (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/gme#NYSE">GME</a>), just to name a pair.
What Happened: With <a href="https://www.benzinga.com/trading-ideas/long-ideas/21/01/19346393/amc-national-beverage-and-8-more-heavily-shorted-stocks-to-watch">heavily shorted stocks</a> and their subsequent squeezes all the rage these days, WSB is drawing a crowd and with a crowd comes ideas &ndash; some credible, some not so much.
Time will tell what comes of this notion, but one Redditor is suggesting <a href="https://priceonomics.com/how-the-hunt-brothers-cornered-the-silver-market/">a Hunt Brothers redux</a>, advocating for going after the silver market.
&ldquo;Silver Bullion Market is one of the most manipulated on earth. Any short squeeze in silver paper shorts would be EPIC,&rdquo; <a href="https://www.reddit.com/r/wallstreetbets/comments/l68ill/the_biggest_short_squeeze_in_the_world_slv_silver/">according to a Wednesday WSB post</a>. &ldquo;We know billion banks are manipulating gold and silver to cover real inflation. Both the industrial case and monetary case, debt printing has never been more favorable for the No. 1 inflation hedge Silver.&rdquo;
Why It&#39;s Important: Again, it remains to be seen what comes of this, but if the WSB crowd can affect the price of silver, various exchange-traded funds stand to benefit, namely the iShares Silver Trust (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/slv#NYSE">SLV</a>) and the Aberdeen Standard Physical Silver Shares ETF (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/sivr#NYSE">SIVR</a>).
Both of those ETFs are backed by physical holdings of the white metal.
&ldquo;Inflation adjusted Silver should be at 1000$ instead of 25$. Link to post removed by mods. Why not squeeze $SLV to real physical price,&rdquo; according to the Reddit post. &ldquo;Think about the Gainz. If you don&#39;t care about the gains, think about the banks like JP MORGAN you&#39;d be destroying along the way.&rdquo;
That reference to JPMorgan Chase (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/jpm#NYSE">JPM</a>) pertains to the <a href="https://www.bloomberg.com/news/articles/2020-02-05/jpmorgan-s-role-in-metals-spoofing-is-under-u-s-criminal-probe">bank&#39;s alleged manipulation</a> of the silver market.
What&#39;s Next: The Reddit post garnered 2,700 comments with plenty of WSB community advocating for the idea of cornering the silver market. Some like the idea of getting vengeance on JPMorgan for depressing their silver investments.
It&#39;s a big &ldquo;if,&rdquo; but if Redditors are successful in making silver prices appreciate in dramatic fashion, some ETFs could shine, too.
The ProShares Ultra Silver (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/agq#NYSE">AGQ</a>) comes to mind. That ETF looks to deliver double the daily performance of the Bloomberg Silver Subindex.
Why not a leveraged silver ETF? After all, what&#39;s market participation in 2021 unless one is making money in rapid fashion?

Some Redditors Have Silver ETFs In Their Sights

The iShares Silver Trust (NYSEARCA: SLV), the largest ETF in the silver category, is higher by 14.31% over the past month.
That&#39;s an impressive move &mdash;&nbsp;one that proves silver is finally entering a limelight in a year largely commanded&nbsp;by gold. Some analysts are forecasting more upside for the metal.&nbsp;
&ldquo;The mining and materials equity team at RBC Capital Markets has raised its silver price forecasts by 16% in 2020, 17% in 2021 and 14% in 2022,&rdquo; <a href="https://www.mining.com/rbc-hikes-silver-price-forecasts/">reports </a><a href="https://www.mining.com/rbc-hikes-silver-price-forecasts/">Northern Miner</a>.
&ldquo;RBC now forecasts silver prices will average $17.76 per oz. this year, $18.75 per oz. next year, and $18.50 per oz. in 2021.&rdquo;
Here a few silver ETFs that could deliver more near-term upside.
Aberdeen Standard Physical Silver Shares ETF (SIVR): The Aberdeen Standard Physical Silver Shares ETF (NYSEARCA: SIVR) does what the aforementioned SLV does, which is provided exposure to physical silver.
SIVR is the smaller of the two funds, but it&#39;s not &ldquo;small&rdquo; &mdash;&nbsp;it <a href="https://etfdb.com/etfs/commodity/silver/">has $556.14 million</a> in assets under management.
While these two ETFs deliver the same exposure, the pair don&#39;t offer the same returns for a very simple reason: SIVR&#39;s annual fee of 0.3%, or $30 on a $10,000 investment, is 20 basis points less than the fee found on the iShares product. So for long-term investors, SIVR is the way to go.
Global X Silver Miners ETF (SIL):&nbsp;As is often the case with gold, silver miners participate in the underlying metal&#39;s price gyrations. That&#39;s good news right now for the Global X Silver Miners ETF (NYSEARCA: SIL).
The $815.59-million SIL tracks the Solactive Global Silver Miners Total Return Index. Investors should note that there&#39;s not an expansive universe of large-cap silver miners. The weighted average market value of SIL&#39;s components is <a href="https://www.globalxetfs.com/funds/sil/">just over $8 billion</a>, putting the ETF in mid-cap territory.
Market cap aside, SIL broke out yesterday, jumping 4.86% on above-average volume, extending its one-month gain to almost 31%.
ETFMG Prime Junior Silver Miners ETF (SILJ):&nbsp;One similarity among gold and silver miners is that both have a robust universe&nbsp;of small-cap constituents. Another similarity is that junior silver miners, like their gold counterparts, can overshoot the metal&#39;s price action in either direction.
The ETFMG Prime Junior Silver Miners ETF (NYSEARCA: SILJ) is the dean of small-cap silver ETFs, and it&#39;s in rally mode.
On Monday, SILJ surged 6.57% on volume that was nearly triple the daily average, extending its gain over the past month to 40%.

3 Scorching Hot Silver ETFs

Some commodities are <a href="https://www.benzinga.com/trading-ideas/long-ideas/20/06/16198498/3-etfs-getting-absolutely-crushed-this-year">getting absolutely wrecked</a> this year, but that&#39;s not the case with gold. When gold glitters, it has a tendency to overshadow other precious metals, <a href="https://www.benzinga.com/trading-ideas/long-ideas/20/06/16198498/3-etfs-getting-absolutely-crushed-this-year">as it&#39;s doing this year</a>.
<h3>What Happened</h3>
The VanEck Vectors Junior Gold Miners ETF (NYSEARCA: GDXJ), one of the largest exchange traded funds in this category, is sporting a second-quarter gain of almost 22%. Given the ETF&#39;s name, it would be reasonable to assume that gold is power this ETF higher, but there&#39;s more to the story.
As noted above, gold overshadows silver, but the Aberdeen Standard Physical Silver Shares ETF (NYSEARCA: SIVR) is higher by more than 16% over the past month and that&#39;s helping GDXJ.
<h3>Why It&#39;s Important</h3>
GDXJ&#39;s underlying index tracks &ldquo;the overall performance of small-capitalization companies that are involved primarily in the mining for gold and/or silver,&rdquo; <a href="https://www.vaneck.com/etf/equity/gdxj/overview/">according to VanEck.</a>
The emphasis is on silver, as GDXJ&#39;s silver miners exposure is proving useful.
&ldquo;Silver performance has lagged gold for a number of years, driving the gold/silver ratio to an all-time high of 123 in March,&rdquo; <a href="https://www.vaneck.com/blogs/gold-investing/a-gold-star-for-the-other-junior-class/">VanEck said in a recent note</a>.
&ldquo;Silver mounted a comeback in May, gaining 18.3%, amid some of the strongest inflows into silver bullion exchange-traded funds since their inception. Silver might see further gains as it is still underperforming gold by 14% this year and the gold/silver ratio remains at 97, far above the five-year average of 80.&rdquo;
Many of GDXJ&#39;s top 10 holdings, which combine for 45.45% of the fund&#39;s roster, produce silver in addition to gold and some of the fund&#39;s holdings are dedicated silver miners.
<h3>What&#39;s Next</h3>
Obviously, GDXJ is a small-cap fund, and as is the case with small caps, it&#39;s been lagging its large-cap counterparts.
If small-cap stocks are showing plenty of signs of life,&nbsp;that could facilitate a another move higher in GDXJ.
&ldquo;In a bull market, large-cap companies typically move first, followed by stronger performance by mid-tiers and juniors as the market advances,&rdquo; according to VanEck.
&ldquo;The lag in performance between the large and smaller companies is normally measured in weeks.&nbsp; However, after a year we are still waiting for the smaller companies to outperform. Since gold broke out on June 20, 2019, the GDM, which is heavily weighted majors (66% as of the end of May), has gained 45.6%. The MVGDXJ, with an 87% combined weight in mid-tiers and juniors, has failed to outperform, gaining 44.4% over the same period. Investor sentiment has remained low so far in this cycle. We believe this is finally beginning to change, as shown by the 7.0% outperformance of MVGDXJ in May.&rdquo;

Small Cap Analysis

GDXJ

Gold Isn't The Only Reason This Miners ETF Is Soaring

Though it is still in the doldrums relative to other currency exchange-traded funds, the PowerShares DB US Dollar Index Bullish Fund 
 (NYSE: <a class="ticker" href="/stock/uup#NYSE">UUP</a>) has perked up in recent sessions. The dollar&#39;s awakening, albeit modest, is pressuring commodities and the related ETFs, including silver funds.
The iShares Silver Trust (NYSE: <a class="ticker" href="/stock/slv#NYSE">SLV</a>) and the ETFS Silver Trust (NYSE: <a class="ticker" href="/stock/sivr#NYSE">SIVR</a>), both of which are backed by physical holdings of silver, each slid 2.4 percent Tuesday. UUP gained almost half a percent as investors turned to safer assets.
&ldquo;Volatility in the entire Precious Metals space has been the case for the past several sessions and today&rsquo;s gap higher in the U.S. Dollar threatens to take metals prices even lower should this strength hold,&rdquo; said <a href="http://streetonefinancial.com/">Street One Financial</a> Vice President Paul Weisbruch in a note out Tuesday.&nbsp;
<h3>Quick Reversal</h3>
Silver&#39;s retreat on Tuesday comes just a few days after the white metal was bid higher amid U.S. geopolitical tensions with North Korea. SLV and SIVR are now up about 4.2 percent year to date, less than half the gains posted by the equivalent gold ETFs.
Faltering silver prices could create opportunity in leveraged ETFs, such as the ProShares UltraShort Silver (NYSE: <a class="ticker" href="/stock/zsl#NYSE">ZSL</a>) and the VelocityShares 3X Inverse Silver ETN (NYSE: <a class="ticker" href="/stock/dslv#NYSE">DSLV</a>).
&ldquo;The recent volatility in these segments, especially in Silver prices themselves should attract more traders to the space not only of SLV which is by far the largest fund in the space at $5.7 billion in AUM, but in other offerings as well,&rdquo; said Weisbruch. &ldquo;Smaller funds that are currently on our radar that often have appeal to traders and portfolio managers looking to aggressively hedge portfolios or make short term directional moves include DSLV and ZSL.&rdquo;
<h3>Miners, Too</h3>
If silver prices remain stuck in a rut, investors should consider the consequences for mining ETFs. For example, the Global X Silver Miners ETF (NYSE: <a class="ticker" href="/stock/sil#NYSE">SIL</a>) lost more than 2 percent Tuesday and is clinging to a year-to-date gain of a comparable amount.
Prolonged weakness in silver miners could spell momentum for the Direxion Daily Silver Miners Index 2X Bear Shares (NYSE: <a class="ticker" href="/stock/dull#NYSE">DULL</a>). DULL, which turns 1 year old next month, looks to deliver double the daily inverse performance of the Solactive Global Silver Miners Index.
Related Links:
<a href="https://www.benzinga.com/trading-ideas/long-ideas/17/08/9906372/know-this-natural-gas-etf">Know This Nat Gas ETF</a>
<a href="https://www.benzinga.com/trading-ideas/long-ideas/17/08/9914746/traders-have-been-all-over-these-tech-etfs">Traders Love These Tech ETFs</a>

Short Ideas

DSLV

DULL

PowerShares DB US Dollar Index Bullish Fund

Silver ETFs Slide As Dollar Bounces

Precious metals were the best-performing commodities of the first quarter, and some analysts believe the volatile nature of President Donald Trump&rsquo;s first months in office played a big part.
A <a href="https://seekingalpha.com/article/4059564-precious-metals-q1-2017-review-outlook-q2">composite</a> of the active month futures prices of the four exchange-traded precious metals moved higher by an average of 11.45 percent in the first quarter.
&ldquo;Love him or hate him, there&#39;s one thing that President Donald Trump has done since he took over the White House, and that&#39;s create a lot more uncertainty around the world,&rdquo; wrote stock picker Michael Lombardi in <a href="https://www.lombardiletter.com/greatest-president-ever-precious-metal-prices/10277/">&ldquo;The Lombardi Letter.&rdquo;</a> &ldquo;And this is great for precious metal prices.&rdquo;
Lombardi cited Trump&rsquo;s bombings of Syria and Afghanistan and his rhetoric about sending an aircraft carrier fleet toward North Korea &mdash; something the Pentagon later recanted &mdash; as reasons why investors were seeking out the traditional, post-apocalyptic safe havens of gold and silver.
&ldquo;Since the U.S. (fired) Tomahawk missiles on Syria, gold prices have made an almost-vertical move to the upside,&rdquo; he said.
<h3>Scary Silver Lining</h3>
Silver was up more than 13 percent year-to-date, and not just as a sanctuary move. Lombardi said each Tomahawk missile contains 15 kilograms of silver wires and batteries, meaning that the 59 fired on Syria contained 31,200 ounces of the metal.
&ldquo;Yes, silver is a precious metal that investors often flock to (alongside gold) in times of uncertainty,&rdquo; he said. &ldquo;But silver is also used in the aerospace and defense sectors, so a lot more silver could be needed if the U.S. goes to war again.&rdquo;
Benchmark New York gold futures edged up to a five-month high on Tuesday and closed at $1,291.7 per troy ounce, the <a href="http://asia.nikkei.com/Markets/Commodities/Gold-price-edges-up-to-five-month-high-widens-spread-between-platinum">Nikkei Asian Review</a> said.
<h3>Metals Bump Began With Breixit</h3>
Market analyst Itsuo Toshima told the review that the demand for gold was robust even before the geopolitical tensions of recent weeks. &quot;From Brexit to the Trump administration, a series of unexpected events across the world have been pushing up gold demand among investment funds,&quot; he said.
Silver was trading at $18.13 an ounce after hitting a three-month high of $18.60 on Monday, according the APMEX metals index. Palladium was at $797.80 after reaching its three-month high of $812.50 on March 24. Gold was $1,290.70 after posting its three-month $1,294.90 on Tuesday.
Platinum, a scarcer metal that historically outperforms gold, was at $980 an ounce on Thursday.
Related Links:
<a href="https://www.benzinga.com/analyst-ratings/analyst-color/17/04/9281777/war-torn-afghanistan-sits-stubbornly-atop-vast-reserves-">War-Torn Afghanistan Sits Stubborn Atop Vast Reserves</a>
<a href="https://www.benzinga.com/markets/emerging-markets/17/04/9305488/is-trumps-foreign-policy-belligerence-a-diversion-from-a-stal">Is Trump's Foreign Policy Belligerence A Diversion From A Stalled Agenda?</a>

Politics

Erratic Trump Prompts Investors To Seek Safety In Silver, Gold

E*Trade Financial Corporation (NASDAQ: <a class="ticker" href="/stock/etfc#NASDAQ">ETFC</a>), one of the largest discount brokers, added to its offering of commission-free exchange-traded funds in significant fashion last week, announcing it has added 47 ETFs from five providers to its commission-free stable since the start of 2017.
<h3>E*Trade Initiative</h3>
Issuers making their debut on E*Trade&#39;s commission-free ETF platform are ETF Securities, Guggenheim Investments, IndexIQ, John Hancock and JPMorgan Chase &amp; Co. (NYSE: <a class="ticker" href="/stock/jpm#NYSE">JPM</a>)'s JPMorgan Asset Management.
E*Trade clients can now trade 133 ETFs on a commission-free basis and 4,400 no-transaction-fee mutual funds, <a href="http://www.businesswire.com/news/home/20170224005360/en/E*TRADE-Expands-Lineup-Funds-47-Commission-Free-ETFs">according to a statement</a>.
Among the well-known ETFs just added to E*Trade&#39;s commission-free roster are the ETFS Gold Trust (NYSE: <a class="ticker" href="/stock/sgol#NYSE">SGOL</a>), Silver Trust (NYSE: <a class="ticker" href="/stock/sivr#NYSE">SIVR</a>) and the Guggenheim S&amp;P 500 Equal Weight ETF (NYSE: <a class="ticker" href="/stock/rsp#NYSE">RSP</a>).
Related Link: <a href="https://www.benzinga.com/trading-ideas/long-ideas/17/02/9091612/powershares-launches-four-multi-asset-etfs">PowerShares Launches 4 Multi-Asset ETFs</a>
Additionally, all of Guggenheim&#39;s equal-weight sector ETFs along with equal-weight spins on the S&amp;P SmallCap Index and the S&amp;P MidCap 400 Index are now available on E*Trade without commissions.
Two of John Hancock&#39;s broad market smart beta ETFs and nine of the issuer&#39;s smart beta sector ETFs are available to <a href="https://www.benzinga.com/trading-ideas/long-ideas/15/10/5914739/examining-the-helpfulness-of-hancocks-etfs">E*Trade clients commission-free</a>.
Other new additions to the E*Trade commission-free ETF lineup include the JPMorgan Diversified Return U.S. Mid Cap Equity ETF (NYSE: JPME) and the JPMorgan Diversified Return Emerging Markets Equity ETF (NYSE: <a class="ticker" href="/stock/jpem#NYSE">JPEM</a>).
<h3>36 ETFs</h3>
<a href="https://www.benzinga.com/trading-ideas/long-ideas/17/01/8876323/e-trade-bolsters-commission-free-etf-lineup">In January</a>, E*Trade announced the addition of 36 ETFs to commission-free platform.
A full list of the 47 ETFs recently added to E*Trade&#39;s no-commission suite is available <a href="http://www.businesswire.com/news/home/20170224005360/en/E*TRADE-Expands-Lineup-Funds-47-Commission-Free-ETFs">here</a>.

Broad U.S. Equity ETFs

ETFC

JPEM

Rydex ETF Trust Rydex S&P Equal Weight ETF

E*Trade Adds More Commission-Free ETFs

The markets are climbing to new heights, and commodities are hanging on for the ride. Gold and silver futures are have soared over the past year. Brexit included, KODEX Gold Futures(H) (KRX: 132030) are trading up a little over 4 percent over the past month, whereas KODEX Silver Futures(H) (KRX: 144600) are trading up around 17 percent over the past month.
Furthermore, other gold and silver stocks and ETFs are likewise experiencing an upward trend:
<li>SPDR Gold Trust (ETF) (NYSE: <a class="ticker" href="/stock/gld#NYSE">GLD</a>) is up more than 4 percent over the last month.
</li><li>Market Vectors Gold Miners ETF (NYSE: <a class="ticker" href="/stock/gdx#NYSE">GDX</a>): Up over 17 percent.
</li><li>iShares Gold Trust(ETF) (NYSE: <a class="ticker" href="/stock/iau#NYSE">IAU</a>): Up over 4 percent.
</li><li>iShares Silver Trust (ETF) (NYSE: <a class="ticker" href="/stock/slv#NYSE">SLV</a>): Up over 16 percent.
</li><li>ProShares Ultra Silver (ETF) (NYSE: <a class="ticker" href="/stock/agq#NYSE">AGQ</a>): Up over 34 percent.
</li><li>Silver Trust (NYSE: <a class="ticker" href="/stock/sivr#NYSE">SIVR</a>): Up over 16 percent.</li>

Abraham Trading Company&#39;s Salem Abraham joined Wednesday&#39;s PreMarket Prep to give his bullish outlook for the gold and silver markets.
Abraham noted that gold and silver are two things on which his company is most confident. &quot;Gold and silver are our most exciting positions. We&#39;ve been long gold and silver for a couple months now, and as they&#39;ve flowed back and forth but they continue to run up this year,&quot; he said. &quot;We think with the strength they&#39;ve shown what you find is a market that can defy gravity.&quot;
<bzrelatedlink>Related Link: <a href="http://www.benzinga.com/analyst-ratings/analyst-color/16/07/8208351/glistening-gold-jpmorgan-upgrades-harmony-gold-gold-fiel">Glistening Gold: JPMorgan Upgrades Harmony Gold, Gold Fields; Downgrades DRDGOLD</a></bzrelatedlink>
Abraham added that his models have been quite bullish on the two commodities as well. &quot;We have models from one-week outlook out to up to four months, and what&#39;s interesting to me as a technical trader is that all those (models) agree to gold and silver, and that&#39;s pretty rare,&quot; he said. &quot;From a technical perspective you have a lot of opinions that say, &lsquo;Hey these markets are going higher.&#39;&quot;
Abraham further commented that gold and silver may be the safest plays in an increasingly risky market. &quot;I think in a market environment where there&#39;s a global pushback it seems like, prudent fiscal policies across the globe from a political standpoint, there&#39;s a lot of uncertainty,&quot; he said. &quot;When you&#39;ve got a currency that basically interest rates are so low to negative &mdash; which is crazy &mdash; it&#39;s as crazy as it gets for paper money. I think that&#39;s the real attraction of gold and silver right now.&quot;
Major markets are soaring, and Salem Abraham has a very positive position on where gold and futures are headed in the future.
&quot;The sky&#39;s the limit for markets like that.&quot;
For more trading ideas and insight on the markets check out PreMarket Prep LIVE every morning from 8-9:30 a.m. ET <a href="http://premarket.benzinga.com/pre-market-show/">here</a>. You can also listen to complete episodes on Soundcloud, <a href="https://itunes.apple.com/us/podcast/benzingas-premarket-prep/id915782694?mt=2">iTunes</a> and <a href="http://www.stitcher.com/podcast/benzinga-morning-show">Stitcher</a>.
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Exclusives

Interview

Market Vectors ETF Trust Market Vectors Gold Miners

'The Sky Is The Limit' For Gold And Silver

As gold hit a two-year high on the back of the Brexit outcome, there is huge potential for silver as well.
PureFunds ETFs co-founder and CEO Andrew Chanin told CNBC that silver may be the better metal play as uncertainty to drive silver demand.
Chanin said two-thirds of silver produced are coming from industrial demand and noted that silver price is two-thirds off all-time highs.
<bzrelatedlink>Related Link: <a href="http://www.benzinga.com/trading-ideas/long-ideas/16/06/8104693/scotiabank-raises-target-on-fortuna-silver-but-cuts-estimates">Scotiabank Raises Target On Fortuna Silver, But Cuts Estimates For Acquisition Accretion</a></bzrelatedlink>
Precious metals as a whole look cheaper in this scenario, Chanin told CNBC, even as investors look for gold and silver as safe plays in post-Brexit uncertainty.
Silver futures for July delivery gained 0.15 percent to $17.77.
<h3>A Few Names</h3>
<ul>
<li>Pan American Silver Corp. (USA) (NASDAQ: <a class="ticker" href="/stock/paas#NASDAQ">PAAS</a>)
</li><li>Silver Wheaton Corp. (USA) (NYSE: <a class="ticker" href="/stock/slw#NYSE">SLW</a>)
</li><li><storng>Hecla Mining Company (NYSE: <a class="ticker" href="/stock/hl#NYSE">HL</a>)
<li>Silvercorp Metals Inc (OTC: <a class="ticker" href="/stock/svmlf#OTC">SVMLF</a>)
</li><li>Endeavour Silver Corp (NYSE: <a class="ticker" href="/stock/exk#NYSE">EXK</a>)
</li><li>Silver Standard Resources Inc. (USA) (NASDAQ: <a class="ticker" href="/stock/ssri#NASDAQ">SSRI</a>)
</li><li>iShares Silver Trust (ETF) (NYSE: <a class="ticker" href="/stock/slv#NYSE">SLV</a>)
</li><li>ProShares Ultra Silver (ETF) (NYSE: <a class="ticker" href="/stock/agq#NYSE">AGQ</a>)
</li><li>Silver Trust (NYSE: <a class="ticker" href="/stock/sivr#NYSE">SIVR</a>)
</li><li>Global X Silver Miners ETF (NYSE: <a class="ticker" href="/stock/sil#NYSE">SIL</a>) 
</li></storng></li></ul>

CNBC

Media

SSRI

SVMLF

Silver Will Become Hot Commodity Amid Market Uncertainty

With year-to-date losses of just under 30 percent, the ETFS Physical Platinum Shares (NYSE: <a class="ticker" href="/stock/pplt#NYSE">PPLT</a>) and the ETFS Physical Palladium Shares (NYSE: <a class="ticker" href="/stock/pall#NYSE">PALL</a>) are easily the worst performers among the major precious metals exchange-traded funds.
The SPDR Gold Trust (ETF) (NYSE: <a class="ticker" href="/stock/gld#NYSE">GLD</a>) is down just 10.6 percent, while the iShares Silver Trust (NYSE: <a class="ticker" href="/stock/slv#NYSE">SLV</a>) looks good compared to PALL and PPLT with a year-to-date loss of 12.6 percent. Shrewd commodities and ETF investors know better than to be fooled by silver.
<bzrelatedlink>Related Link: <a href="http://www.benzinga.com/analyst-ratings/analyst-color/15/12/6045280/miners-the-best-way-to-play-a-rate-hike">Miners: The Best Way To Play A Rate Hike?</a></bzrelatedlink>
Flows data have proven to be accurate harbingers of silver&#39;s recent fate, and traders are getting it right with inverse, leveraged silver ETFs&mdash; something that is not always the case with<a href="http://www.benzinga.com/trading-ideas/long-ideas/15/11/5969460/rate-hike-odds-shine-a-light-on-leveraged-gold-miners-etfs"> leveraged gold miners ETFs</a>.
 SLV and rival Silver Trust (NYSE: <a class="ticker" href="/stock/sivr#NYSE">SIVR</a>) have been losing assets as investors, concerned about the effects of higher interest rates on commodities, have continued departing precious metals ETFs.
<h3>The Commodities Concern</h3>
&ldquo;Since topping out in August 2011, commodity ETP assets have been in decline thanks to negative returns and sharp redemptions. Investors have yanked more than $22 billion out of commodity ETPs over this period,&rdquo; according to <a href="http://news.morningstar.com/articlenet/article.aspx?id=716810">Morningstar</a>.
However, what long-term investors should concern themselves with is long-term, risk-adjusted returns &ndash; and that outlook is bleak for commodities because, as Morningstar&#39;s data indicate, portfolios including commodities result in lower Sharpe Ratios than traditional 60 percent equity/40 percent fixed income portfolios.
Translation: These are the days for risk-tolerant traders to consider inverse silver exchange-traded products, including the ProShares UltraShort Silver (ETF) (NYSE: <a class="ticker" href="/stock/zsl#NYSE">ZSL</a>) and the Credit Suisse AG - VelocityShares 3x Inverse Silver ETN (NYSE: <a class="ticker" href="/stock/dslv#NYSE">DSLV</a>).
<h3>Inverse Silver</h3>
&ldquo;This morning we see SLV barely trading above another 2015 low registered just yesterday in the product, and 2015 in general has been brutal for the metal and related precious metals, since none of them trade in a vacuum. Even though it has performed well this year being on the bearish side of Silver prices, ZSL only has $55 million in assets under management and has seen modest outflows (-$12 million) year-to-date in spite of its timeliness,&rdquo; said <a href="http://streetonefinancial.com/">Street One Financial</a> Paul Weisbruch in a note out Tuesday. 
DSLV attempts to deliver triple the daily inverse returns of the S&amp;P GSCI Silver Index Excess Return while ZSL, the ProShares product, seeks to deliver double the daily inverse returns of silver prices at the London fixing.
 ZSL is up nearly 13 percent over the past three months while DSLV is higher by 16.7 percent over that period.
Image Credit: <a href="https://pixabay.com/en/abstract-alloy-aluminum-backdrop-18906/">Public Domain</a>

Intraday Update

PALL

PPLT

Possibly The Only Silver ETFs To Be Concerned With

Twenty exchange-traded funds hit 52-week lows Wednesday, and in a telling sign about the impact expectation of higher interest rates on some asset classes, six of those offending funds were commodities products.
Perhaps surprisingly, no dedicated silver ETFs joined the 52-week low club Wednesday, though that dubious distinction might not be far off. The iShares Silver Trust (ETF) (NYSE: <a class="ticker" href="/stock/slv#NYSE">SLV</a>), the world&#39;s largest ETF backed by physical holdings of silver, and the Silver Trust (NYSE: <a class="ticker" href="/stock/sivr#NYSE">SIVR</a>) are each down 10 percent over the past month.
<bzrelatedlink>Related Link: <a href="http://www.benzinga.com/trading-ideas/long-ideas/15/11/5970440/digging-deep-with-leveraged-gold-miner-etfs-as-higher-rates-l">Digging Deep With Leveraged Gold Miners ETFs As Higher Rates Loom</a></bzrelatedlink>
 The not so fun fact being thrown around about SLV is that Wednesday represented the ETF&#39;s 10th consecutive losing session.
As <a href="http://blogs.barrons.com/focusonfunds/2015/11/11/silver-etf-careens-toward-longest-ever-losing-streak/">Barron&#39;s</a> notes, that is the longest losing streak in SLV&#39;s history. The $4.5 billion ETF debuted in April 2006.
<h3>Silver And Gold And The Federal Reserve</h3>
As Benzinga <a href="http://www.benzinga.com/trading-ideas/long-ideas/15/11/5970440/digging-deep-with-leveraged-gold-miner-etfs-as-higher-rates-l">reported earlier this week</a> regarding gold (and the same holds true for silver), if higher rates come to pass, Treasury yields will begin reflecting that before the Fed makes it official.
 Along the way, the U.S. dollar will likely rise and commodities, including gold, are denominated in dollars. That means a stronger dollar, as has already been proven, is not a good thing for<a href="http://www.benzinga.com/trading-ideas/long-ideas/15/10/5914729/the-strong-dollar-catalyst-no-one-is-talking-about"> bullion-backed and gold mining ETFs</a>.
<h3>Silver's Silver Lining</h3>
No pun intended, but there is a silver lining. That being, flows data have proven to be accurate harbingers of silver&#39;s recent fate and traders are getting it right with inverse, leveraged silver ETFs, something that is not always the case with<a href="http://www.benzinga.com/trading-ideas/long-ideas/15/11/5969460/rate-hike-odds-shine-a-light-on-leveraged-gold-miners-etfs"> leveraged gold miners ETFs</a>.
Since the start of the current quarter, SLV and SIVR have bled $71.4 million and $3.1 million, respectively, in assets. Conversely, traders have warmed to bearish leveraged equivalents, including the ProShares UltraShort Silver (ETF) (NYSE: <a class="ticker" href="/stock/zsl#NYSE">ZSL</a>). 
That faith has been rewarded. ZSL, which undergoes a 2-for-1 split today, attempts to deliver double the daily inverse performance of silver prices at the London fix. While SLV is on a 10-day losing streak, ZSL has surged nearly 25 percent over the same period. During the fourth quarter, the double-leveraged silver bear fund has added nearly $20.4 million in new assets.
For the trader thirsting for some more juice, ZSL has a triple-leveraged rival in the form of the Credit Suisse AG - VelocityShares 3x Inverse Silver ETN (NASDAQ: <a class="ticker" href="/stock/dslv#NASDAQ">DSLV</a>). The VelocityShares 3x Inverse Silver ETN attempts to deliver triple the daily inverse performance of the S&amp;P GSCI&reg; Silver Index Excess Return.
DSLV has returned a tidy 38.9 percent over the past 10 trading sessions and has raked in nearly $12.6 million in new assets this quarter. 
Image Credit: <a href="https://pixabay.com/en/glance-tin-metal-white-paper-780642/">Public Domain</a>

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