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
E.T.F.'s
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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.
E.T.F.'s
PAST TOP PICK
(A Top Pick Apr 26/24, Up 16%)
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.
E.T.F.'s