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Tuesday, May 02, 2006

Silver Continues Rise, Stocks Lag


The Silver ETF (SLV) is up 10% in three days while the silver stocks SLW, SSRI, SIL, & CDE have lagged.

If you have seen the price of silver lately it has been hitting new highs everyday. The interesting thing is that silver stocks are now lagging the price of silver. Just something I thought I would point out. Many of the stocks have had big runs in the past year plus you are seeing some multiple contraction.

Note: I am long SLW

2 Comments:

Blogger threadogie said...

one might look to the futures market where July Silver may have topped out April 18th reflecting the weak interest in the stocks. the current trading trend might appear to be forming a lower rounding top, leading to a more substantial pullback ahead. IMHO

5/02/2006 4:16 PM  
Blogger Market Participant said...

SLV is just a symptom of the current silver bubble. This end up just like the silver bubble in 1981.

Silver has become too mainstream.

5/04/2006 8:46 AM  

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