16.10 -0.03 (-0.19%)
After hours: 5:57PM EDT
|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||16.11 - 16.22|
|52 Week Range||14.44 - 17.14|
|PE Ratio (TTM)||3.68|
|Expense Ratio (net)||0.50%|
The past one month has been good for precious metals with the exception of platinum. Gold, silver, and palladium have increased a whopping 3%, 6.4%, and 4.4%, respectively, during the last 30 trading days. Platinum has dropped about 0.97% during the same timeframe.
To help investors keep up with the markets, we present our ETF Scorecard. The Scorecard takes a step back and looks at how various asset classes across the globe are performing. The weekly performance is from last Friday’s open to this week’s Thursday close.
Precious metals had another up day as gold futures for April expiration rose 0.48% on Friday, April 13, closing at $1,344.80 per ounce. Silver rose 1.1%, ending the day at $16.60 per ounce.
A classic technical analysis pattern is playing out on the gold ETF chart based on the monthly prices. From the standpoint of classic technical analysis – the kind that John J. Murphy elucidates in Technical Analysis of the Financial Markets – this indicates the potential for reversal. Gold ETF chart. Since this is the case, a decent technical analyst would check for other types of indications to look for confirmation or non-confirmation.
With an ROE of 10.52%, Selvita SA. (WSE:SLV) outpaced its own industry which delivered a less exciting 9.46% over the past year. Superficially, this looks great since we know thatRead More...
One of the market indicators for gold that has been consistently playing a significant role in the determination of the directional move for precious metals is the US dollar, depicted by the Dollar Index (or DXY). The other three precious metals have fallen. The above chart shows the inverse relationship between the dollar and VXY over the past month. The relationship between precious metals (IAU) (SLV) and the US dollar (UUP) remains negative.
The US dollar, depicted by the DXY Currency Index, was down 0.30% on Monday, April 9. The US dollar and gold tend to be inversely related to each other. The below chart shows the relationship between gold (IAU) (SLV) and the US dollar over the past one month.
Gold, silver, platinum, and palladium increased 0.33%, 1%, 2.4%, and 4.2%, respectively, on Monday. Gold futures for April expiration were trading at $1,336.3 an ounce on Monday, April 9. The volatility in gold was at 10.4%, while its RSI level was at 59.7. Silver futures for April expiration closed at $16.5 per ounce. Silver’s volatility was at 17.4% and its RSI level was at 58. Platinum and palladium were at $933.9 and $933.5 an ounce, respectively. These two metals are once again at the same level, so it will be interesting to see which one picks up from here.
Gold prices climb Monday, for a second session in a row, as U.S. tensions with Russia and China raise haven demand for the metal.
When considering the performance of precious metals and precious metal mining companies, it’s important to analyze their interrelationship by way of ratios. There has been a significant up-and-down movement in the precious metals since the beginning of 2018. Silver has been weak compared to gold over the past few months.
Gold futures on Friday log a daily and weekly gain on the back of U.S.-China trade-war jitters, which flared up late Thursday and roiled global stocks, driving investors into assets perceived as havens....
Gold and silver have seen positive yields over the past five trading days. Gold has increased about 0.59% and silver has risen a marginal 0.2% on a five-day trailing basis. The rise in these two precious metals could have also been due to the drop in global equities after the trade war fears deepened.
All These Are Playing Gold: Are You? When considering the performance of precious metals and precious metal mining companies, it’s important to analyze their interrelationship by way of spread measures. There has been a significant up-down movement in precious metals since the beginning of 2018.
Each day, Benzinga takes a look back at a notable market-related moment that occurred on this date. What Happened? On this day 38 years ago, the price of silver collapsed by 33 percent in a single day ...
Investors are always looking for growth in small-cap stocks like Selvita SA. (WSE:SLV), with a market cap of ZŁ806.99M. However, an important fact which most ignore is: how financially healthyRead More...
Coeur Mining’s (CDE) YTD (year-to-date) operational performance has been strong. Among major silver miners, it has given the highest return and has been the exception, providing positive returns. As we learned in the previous article, the iShares Silver Trust ETF (SLV) has returned -3.8% YTD, and the Global X Silver Miners ETF (SIL) has returned -8.2% in the same period.
Gold futures on Tuesday give back all of Monday’s gains and then some, marking their lowest finish in nearly three weeks, as the dollar strengthened ahead of a widely expected interest-rate hike by the ...
All four precious metals witnessed a slump in their prices on March 15, 2018. The US dollar has been instrumental in pulling these precious metals lower. A country with a high interest rate should expect its currency to appreciate.