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SLV - SLV: Too Early To Buy The Dip
September, 24 2020 03:22 PM
iShares Silver Trust
The weak US dollar has been one of the main factors behind precious metals strength in the recent months. Higher uncertainty ahead of the US elections could result in stronger dollar and lower silver. Silver seems to be very sensitive to equity moves; it is down nearly 25 percent in the past 6 weeks. Even though SLV ETF has great potential in the long-run, do not buy the dip yet as uncertainty may limit SLV and GLD upside growth in the near term. For further details see:
SLV: Too Early To Buy The Dip
Stock Information
Company Name:
iShares Silver Trust
Stock Symbol:
SLV
Market:
NYSE
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