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Is Short Term Silver Weakness Making Way for Long Term Strength?

From etftrends.com

Short term weakness in global silver prices could be giving way to long term strength. One way to play that move is through the Invesco DB Silver Fund (DBS). The fund seeks to track the DBIQ Optimum Yield Silver Index Excess Return, which is intended to reflect the changes in market value of silver. Additionally, the fund holds Treasury Securities, money market mutual funds, and T-Bill ETFs for margin and/or cash management purposes only. Within the past year, silver prices are still up almost 40% before a bearish downtrend started towards the end of summer: {chart} DBS hit a high of $43.40 back on August 6 of last ... (full story)

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  • Category: Technical Analysis