Check Out The Silver Chart: Lots of Potential, Lots of Hurdles
By Benzinga: The question that many precious metals experts and traders have been asking this year is when are gold and silver mining stocks going to start to trading more inline with the underlying metals? Maybe that question has been asked more frequently regarding gold because has outperformed silver this year, but silver miners have also lagged silver futures. As of today, there is just one ETF tracking silver miners: The Global X Silver Miners ETF (SIL). iShares filed plans in November to introduce a rival fund, but SIL is the king of silver mining ETFs and a favorite of traders.
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The Global X Silver Miners ETF has also been clearly trumped by the iShares Silver Trust (SLV) this year. Year-to-date, SLV is slightly higher while SIL is down more than 15%. Of course, the silver market is volatile and can change on a dime, so taking a lookComplete Story »