
TSE:HUZ
This summary was created by AI, based on 2 opinions in the last 12 months.
The Global X Silver ETF, trading under the symbol HUZ-T, has had a challenging performance recently, with a notable decline of 32.8%. Stockchase Research Editor Michael O'Reilly, who previously endorsed HUZ as a Top Pick, has now suggested investors cover their positions due to the stock triggering its stop-loss at $24. This decision underscores a cautious approach amidst market fluctuations. Furthermore, O'Reilly highlighted silver's dual role as both a precious and industrial metal, noting increased demand driven by sectors like solar energy, electronics, and data centers. Despite historical underinvestment in mining contributing to a tightening supply, the ETF holds promise with a potential upside of 18% if positioned correctly. Investors are advised to maintain vigilance by setting a stop-loss at $24 while aiming for a target price of $42.
Silver has presented itself as an excellent opportunity in the last few years. We’ve seen gold and silver go down in the month of December and it’s presented a really good value opportunity in the end of December. The seasonal period is from January 1st to March 31st for silver and the sweet spot is really in January into the beginning of February, so good seasonal trade. Technicals are setting up very similarly. We’ve seen the correction come down and we’re starting to see a bit of an uptick in silver.
Silver normally bottoms right around this time of year. The sector has a tendency to recover very strongly right through until around the beginning of October. It has another period of seasonal strength from around the end of December right through until February each year. Technically, 3 weeks ago, silver was trading at $14.62 per ounce. Gold was $1140. Since that time, silver is at the same price as it was 3 weeks ago, while the price of gold has gone down from $1140 to about $75 per ounce. This means silver is already starting to show seasonality coming into effect. The other factor is if the US$ starts to weaken, which it has started to do, that will be positive for both gold and silver.
Global X Silver ETF is a Canadian stock, trading under the symbol HUZ.TO (previously HUZ-T on Stockchase) on the Toronto Stock Exchange (HUZ-CT). It is usually referred to as TSX:HUZ or HUZ.TO
In the last year, 2 stock analysts issued a Buy, Sell, or Hold rating on HUZ.TO (previously HUZ-T on Stockchase). 2 analysts recommended to BUY and 0 analysts recommended to SELL the stock. The latest stock analyst rating is TOP PICK. Read the latest stock experts' ratings for Global X Silver ETF.
Global X Silver ETF was recommended as a Top Pick by Keith Richards on 2019-12-31. Read the latest stock experts ratings for Global X Silver ETF.
Earnings reports or recent company news can cause the stock price to drop. Read stock experts' recommendations for Global X Silver ETF.
Global X Silver ETF is covered by Stockchase experts and is worth watching.
On 2026-07-24, Global X Silver ETF (HUZ.TO) stock closed at a price of $23.76.