Gold recently soared to a record high, with prices touching $3,500 an ounce. But what about silver? It’s often considered the emotional little sister of gold. If you want to add it to an investment portfolio, consider the iShares Silver Trust (SLV), advises Sean Brodrick, editor at Weiss Ratings Daily.
When gold is down, silver usually falls on the floor. And when gold is up, silver usually jumps for the stars. Not this year. Silver has lagged. It’s not making new highs, though it is handily outperforming the S&P.
Can that change? Is silver the secret bargain in precious metals? Right now, silver is lagging because gold is the safest of safe harbors, central banks are buying gold, and investors are worried about a global recession.
On the other hand, we are in a precious metals bull market, one that has barely started. I’m old enough to have seen a few of them. When the metal mania really starts, we will see investors snatch up silver out of the bargain basement.
I fully expect silver to hit $48 by the end of this year, and $100-an-ounce longer term. So, is it a buy now? Heck, yeah!
It’s easy enough to buy silver coins, rounds, or ingots online or at your friendly neighborhood precious metals dealer. But SLV is a good choice, too. It holds physical silver and closely tracks percentage moves in the metal. The SLV has an expense ratio of 0.5% and is plenty liquid.
Considering the fundamentals, I believe that the next big move is up…way, way up! The next move could leave silver’s critics slack-jawed with disbelief. I recommend you get a ticket on this silver rocket. It’s a bargain, and blastoff is coming.
Recommended Action: Buy SLV.
