Opinions
Gavin Graham
iShares Silver ETF
SLV-N
BUY
Sep 16, 2010
Silver ETF. Great thing about this is that you get 10 ounces of silver. A pure play and you don't have to worry about individual companies operations. On the other hand, if you have a Silver company, you get the leverage.
$20.350
Stock price when the opinion was issued
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(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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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.
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