I grew up watching The A-Team as a kid – so the phrase “I love it when a plan comes together” will always be stuck in my head somewhere. And it certainly applies to the action in METALS these days!
I’ve been talking about how the bull market in gold would likely spread to other metals...and that it was a profit opportunity in the making. So, have many of the best metals experts in our MoneyShow roster. Now, we’re seeing it unfold in real time – as you can see in the MoneyShow Chart of the Day here.
SLV, PPLT, PALL, CPER (YTD % Change)
Data by YCharts
Silver jumped last week. Platinum soared. Palladium is on the move. Copper lagged, but it’s still up nicely on the year. Amid a hard asset revolution, could energy metals like uranium be next? It’s a thesis getting kicked around by some people I follow closely.
ETFs like the iShares Silver Trust (SLV), abrdn Physical Platinum Shares ETF (PPLT), abrdn Physical Palladium Shares ETF (PALL), and the United States Copper Index Fund (CPER) are easy vehicles to invest in if you’re looking for exposure. Depending on your risk tolerance and preference, you can also trade commodity futures or buy physical metals.
Just keep in mind the importance of timing and key levels, especially if you’re trading shorter term. Bloomberg says platinum ETF flows have risen 3% in the last few weeks, while silver ETF inflows have climbed 8%. At some point, too much money will flood in and it’ll be time to ring the register.
Then again, silver DID trade around $50 an ounce back in 2011. It finished trading last week around $36.
