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TSE:HUZ
This summary was created by AI, based on 2 opinions in the last 12 months.
The Global X Silver ETF (HUZ-T) has seen a notable decline, dropping 32.8% since being recognized as a top pick on May 12, 2023. Stockchase Research Editor Michael O'Reilly noted that the ETF has triggered its stop-loss at $24, prompting a recommendation to cover the position to maintain disciplined trading. O'Reilly highlighted the dual role of silver as both a precious and industrial metal, noting its essential applications in various sectors including solar energy and electronics. Though there’s an intrinsic upside potential of 18% with a target price of $42, the current market dynamics and prior underinvestment in mining have strained supply, which could affect future performance. Investors are urged to remain cautious in light of current trends and the ETF's recent performance.
Silver has presented itself as an excellent opportunity in the last few years. We’ve seen gold and silver go down in the month of December and it’s presented a really good value opportunity in the end of December. The seasonal period is from January 1st to March 31st for silver and the sweet spot is really in January into the beginning of February, so good seasonal trade. Technicals are setting up very similarly. We’ve seen the correction come down and we’re starting to see a bit of an uptick in silver.
Silver normally bottoms right around this time of year. The sector has a tendency to recover very strongly right through until around the beginning of October. It has another period of seasonal strength from around the end of December right through until February each year. Technically, 3 weeks ago, silver was trading at $14.62 per ounce. Gold was $1140. Since that time, silver is at the same price as it was 3 weeks ago, while the price of gold has gone down from $1140 to about $75 per ounce. This means silver is already starting to show seasonality coming into effect. The other factor is if the US$ starts to weaken, which it has started to do, that will be positive for both gold and silver.
Global X Silver ETF is a Canadian stock, trading under the symbol HUZ.TO (previously HUZ-T on Stockchase) on the Toronto Stock Exchange (HUZ-CT). It is usually referred to as TSX:HUZ or HUZ.TO
In the last year, 2 stock analysts issued a Buy, Sell, or Hold rating on HUZ.TO (previously HUZ-T on Stockchase). 2 analysts recommended to BUY and 0 analysts recommended to SELL the stock. The latest stock analyst rating is TOP PICK. Read the latest stock experts' ratings for Global X Silver ETF.
Global X Silver ETF was recommended as a Top Pick by Keith Richards on 2019-12-31. Read the latest stock experts ratings for Global X Silver ETF.
Earnings reports or recent company news can cause the stock price to drop. Read stock experts' recommendations for Global X Silver ETF.
Global X Silver ETF is covered by Stockchase experts and is worth watching.
On 2026-08-21, Global X Silver ETF (HUZ.TO) stock closed at a price of $28.18.