iShares Silver Bullion Fund (SVR.TO)

Is volatile, which we saw yesterday. If you don't own it, let this base first. If you do own and are comfortable, continue to hold it. He remains bullish in silver, which is used in data centres and solar. Could be more upside, but volatile.

Having a bit of gold or silver in your portfolio makes sense, given the changing policy in the US. Silver's outperformed gold by a fair margin this year. He'd buy today. 

Don't get too excited, as silver and gold can have long periods where they perform poorly. So keep your position in the 5% range.

With silver, have to remember that it's volatile, especially short term. Moves around on USD strength as well as on the price of silver. It's had quite an upswing. Mid-term, very supportive backdrop -- benefits from industrial demand, as well from an asset preservation perspective.

If you believe in AI, then you have to believe in all the things that build AI. AI isn't build in the cloud, it's built on the ground in data centres. All that is very bullish for the industrial demand side for silver. Long term, potential structural shortfall if electrification keeps ramping.

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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.

Precious metal of electrification. Hard asset diversifier. Significant tailwind from industrialization. Nice satellite to your gold position.

He'd actually slant toward SVR.C, the unhedged version. The difference in the currencies will give you an advantage of extra returns as the USD goes down a bit more.

No problem with it at all. Silver's less pricey than gold. If you want to be in that market, a perfectly good way to play it. Less risky than many of the mining companies.

Gold is becoming a crowded trade. Silver represents a more compelling opportunity. Currency-hedged access to physical silver in Canadian dollars. No foreign exchange risk. Silver just topped $35, a technical breakout; hasn't been there in over a decade. Industrial demand for silver. Mining supply for silver is pretty tight. Low correlation with stocks and bonds, so it helps lower portfolio risk. Bit of a hedge against an uncertain USD.

Gold/silver price right now is 90:1. Average over 50 years is 60:1. So silver is at a valuation discount right now. After the 2008 financial crisis, the gold/silver ratio was 80:1, and silver quadrupled after it hit that ratio. 

SLV is the version to use if you have US dollars to spend.

Gold and Silver are very closely associated. Around the end of June the price moves higher seasonally. It does so until the middle of October.