Opinions
Mike Philbrick
iShares Silver ETF
SLV-N
TOP PICK
Apr 26, 2024
$24.890
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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Under weighted on S&P 500. Commodity demand with electrification. Acts as a hedge on inflation. Geopolitical pressures also increase value of silver (hard assets). Upside for patient investors.