Stockchase Opinions

Steven ConvilleiShares Silver ETFSLVPAST TOP PICKOct 15, 2010

(Top Pick Oct 2/09, Up 50%) Sold half his position at a great profit. Will let the rest ride for a while. Suspects gold will go to $1500 and will drag silver with it.
$23.75

Stock price when the opinion was issued

$61.57

As of Jun 05, 2026. Market Open.

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BUY

Likes silver over gold right now, and likes this ETF. Up 41% YTD. SVR is hedged, so you don't get the lift of the US dollar moving higher or depreciation if it moves lower. If you have USD to spend, buy the SLV.

BUY
Silver.

Silver is a levered play on gold and on the economy. If he's right and things go better than expected, silver probably explodes higher and will outperform gold.

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.

TOP PICK

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. 

DON'T BUY

Likes gold, but not silver, being leery of any industrial metal because of the high costs of mining and manufacturing. 

BUY
options There's been call-buying here, huge ones, on the August 20 strikes. He's in them.
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.
PAST TOP PICK
(A Top Pick Jul 13/20, Up 35%) Demand for solar panels is most of it. There is demand growth going forward.
TOP PICK
Silver does better later and will catch up to the gold rally. He owns both minerals. This is a pure play on the silver commodity, so no worries about jurisdiction risk in individual silver stocks.
PAST TOP PICK
(A Top Pick Jan 07/20, Up 0.3%) Silver has been going down. But now we are seeing a bump positive. Unfortunately Silver is finished its seasonal strength.
TOP PICK
Relative to gold's price, silver is now cheap. Late-December to late-February is seasonality. We're seeing a slight uptick. Silver had a strong run in summer 2019. This looks quite positive.
BUY
We're on a descending triangle here. He likes silver and gold. Silver could test August highs, so there's a lot of upside here. Meanwhile, gold will retest its own highs, higher than the current price. Also, there's strong seasonality in precious metals into February.
BUY
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.
WEAK BUY
Silver ETF? A silver-only ETF is hard to find. Better to buy individual silver stocks or an ETF that carries other precious metals. He likes silver more than gold which he's been buying.
COMMENT
Silver When gold moves, usually silver moves more because of the gold-silver ratio. He does not have a formula for how much to hold in a portfolio. He would favor owning the SLV-N ETF.