iShares Silver ETFSLVWAITNov 06, 2012Stock price when the opinion was issued
As of Jun 05, 2026. Market Open.
Inflation hedge, but also a great degree of industrial and economic sensitivity. That's what we're seeing in the price in the last few days. When the gold:silver ratio spikes, which it is now, that's a recessionary indicator. Silver is harder right now.
If he's up right now, he's keeping it on a short leash. If he wants to expand his exposure, he wants to see follow through in the markets first. If we are heading into a full-blown recession, silver goes a lot lower.
Silver’s seasonality, in many ways, is very similar to gold. Historically, the weakest month of the year for both is the month of October and then builds a base in November and December. You do get buying opportunities as you get close to the end of the year for silver and for silver stocks in general. Would prefer other sectors right now as this is the time when economically sensitive sectors do very well in the market.