iShares Silver ETFSLVBUYJul 17, 2014Stock 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.
There is a really neat little trade you can do, from around this time of the year on. Silver in particular is one of the better movers from around mid July into around Oct/Nov. It tends to outperform gold, but they both move pretty well. The next resistance point is $22, not a bad trade from here. If it breaks $22, the movement could be very large. You almost always get a pop after the summer.