|Bid||73.40 x 1000|
|Ask||73.99 x 800|
|Day's Range||73.06 - 75.55|
|52 Week Range||54.09 - 132.23|
|PE Ratio (TTM)||N/A|
|YTD Daily Total Return||-1.11%|
|Beta (3Y Monthly)||-0.26|
|Expense Ratio (net)||1.65%|
With Christmas headed our way, silver bells could be ringing for bullish traders by year’s end, according to certain market experts who track the precious metal. The prospect of less rate hikes could give precious metals like silver more strength in 2020. “In a report published Wednesday, Philip Newman, director at Metals Focus, in conjunction with the Silver Institute, said that although silver prices are down from September’s three-year highs, the market remains comfortable above the price range seen at the start of the year,” a Kitco news report by Jim Wyckoff stated.
With the strong showing in equities as of late, it seems that precious metals like silver have fallen to the wayside when it comes to capital allocations, but technical levels show that a rally could be ...
“It’s very common for attempts to push up through to resistance to fail the first time,” said David Smith, senior analyst at the Morgan Report. “December silver futures prices were nearer the session high at midday,” wrote Jim Wyckoff in Kitco News. Silver bulls’ next upside price breakout objective is closing prices above solid technical resistance at last week’s high of $18.35 an ounce.
As the Federal Reserve ponders a possible rate cut following its meeting near the end of the month, gold bulls are lying in wait and ready to pounce with leveraged exchange-traded funds (ETFs). Funds like the Direxion Daily Gold Miners Bull 3X ETF (NUGT), VanEck Vectors Gold Miners (GDX) and the Direxion Daily Jr Gold Miners Bull 3X ETF (JNUG) are certainly in play. “Gold, for most parts, is steady as we are on hold until we get to the Fed meeting.
Dividend investing is back in fashion as wild price swings in the stock market and prolonged uncertainties weigh on investor sentiment. Retail companies enjoyed a strong holiday season but online sales continue to eat into brick-and-mortar shops’ margins. Brazil came third as the nation’s stock market soared to all-time highs on positive momentum. Biotechnology shares marked a major reversal on mergers and encouraging trial data. Small caps closed the list as some investors are adding them back to their portfolios. Check out our previous Trends edition at Trending: Brazil Welcomes New President in Hope of Economic Resurgence.
Brazil entered the era of right-wing nationalism, as Jair Bolsonaro became president of the Republic at the start of 2019. Metals spiked in December as the stock market crashed. Investors looking for safety chose silver and pushed its price to five-month highs. Alternative energy equities ranked third last week as a host of contracts were announced. Marijuana ETFs had a booming year and the world is getting ready to jump on the trend in 2019. Battered European equities breathed a sigh in relief after Italy pledged to reduce its massive deficit while also imposing a few social reforms. Check our previous Trends edition at Annual Review of the ETF Trends.