SBUG - SLV: Yet To Make Its Big Move

• Silver has gained 16% since my last article on February 3, but the rally in gold prices and the broad commodity complex has left the metal even more undervalued.
• Silver's fair value appears to be somewhere in the USD30-50/oz range, and the metal has a tendency to embark on major spikes once technicals and fundamentals align.
• The iShares Silver Trust ETF (NYSEARCA:SLV) offers a reasonably priced vehicle to benefit from this strong risk-reward outlook.
• While many silver investors have voiced legitimate concerns over the SLV ETF, particularly since the prospectus was changed in February last year, the ETF has a proven track record of tracking the silver price with minimal tracking error and expense ratio.

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