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SLVP - Silver Got Ugly - That Could Mean It's Ready To Roar On The Upside
iShares MSCI Global Silver and Metals Miners ETF
Traditional fundamental analysis in the silver market is a useless exercise. Since silver is a byproduct of gold, copper, lead, zinc, and other metal output, the production cost of the precious metal is a metric that rarely factors into its price path.
The price of silver moves higher or lower with the sentiment of market participants. Silver is a volatile metal when it comes to price. In 1980, the price peaked at over $50 per ounce, and in 2011 it fell just shy of that high when it traded to $49.82. Since the latest high,