Opinions
Keith Richards
iShares Silver ETF
SLV-N
TOP PICK
Jun 20, 2019
Silver is a quasi precious metal and quasi base metal. It lagged gold but it has room to go. make a buck or two in the position and out. Not for the faint of heart.
$14.450
Stock price when the opinion was issued
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He just legged into silver buying bullion. He thinks $16.10 would act as good support. He usually targets three legs to get into the full position, so he is just getting going. Gold broke out above $1350 resistance around mid-year and looked for a pullback once it breached $1500. He sees gold now being constructive again. He is into 2% of his total position that will reach 10% of his portfolio eventually between bullion and producers.
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PAST TOP PICK
(A Top Pick Jul 13/20, Up 36%) Would be inclined to go into silver than gold for new money. Has been a disappointment relative to what he thought it should do. Economically sensitive. Used in solar panels and 5G technologies. Lots of applications driving demand. If the USD weakens, then silver would be even more attractive.
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