SLW = Possibly the most obscene stock bubble in market history
I have NO concept how this thing retains a valuation in excess of 8 billion when it's NOT even worth EIGHT million dollars.
How can any value be attributed to a commodity (silver) that FAILS again and again to provide its long heralded and INVALID "flight to safety" status----when during EVERY sharp Dow and Nasdaq downturn, as happened again today, ALL these rotten golds and silvers tumble hard.
By extrapolation, ALL silvers are dependent upon the value of silver bullion---and given silver's inability to serve its historical function as a flight to safety, that makes ALL silvers effectively worthless....ALL of them!
Silver's industrial demand is growing yearly while much of what is mind is consumed and not recovered after the electronics that use it are scrapped without reclaiming the silver as it's not economically viable to do so. Nobody ever said silver was a hedge against a declining stock market. You have it confused with a bank CD..