Breaking News
Get Actionable Insights with InvestingPro+: Start 7 Day FREE Trial Register here
Investing Pro 0
Ad-Free Version. Upgrade your experience. Save up to 40% More details

Silver Slammed As U.S. Dollar Rises (SLV)

By ETF Daily NewsETFsAug 15, 2017 01:58PM ET
Silver Slammed As U.S. Dollar Rises (SLV)
By ETF Daily News   |  Aug 15, 2017 01:58PM ET
Saved. See Saved Items.
This article has already been saved in your Saved Items

On the U.S. dollar rally today, precious-metals prices are taking it on the chin, as we see weakness not only in gold prices but also in silver.

The benchmark ETF in the Silver space, SLV, (Expense Ratio 0.50%, $5.7 billion) failed to breakout above its 200-day in the past couple sessions and today is sinking back to its 50-day MA, and we will see if support holds there.

Volatility in the entire Precious Metals space has been the case for the past several sessions and today’s gap higher in the U.S. Dollar threatens to take metals prices even lower should this strength hold. When we look at UUP (Expense Ratio 0.75%, $605 million in AUM), we see the fund trading at its highest levels since late July, and any sustained upside here in the dollar could help reverse the downtrend that the currency has been mired in since March. Asset flows have not been kind to UUP, as the fund has lost over $183 million to outflows year-to-date, while SLV has seen $93 million leave the fund and GLD a more substantial $1.2 billion vacate during this time frame.

The recent volatility in these segments, especially in Silver prices themselves should attract more traders to the space not only of SLV, which is by far the largest fund in the space at $5.7 billion in AUM, but in other offerings as well. Smaller funds that are currently on our radar that often have appeal to traders and portfolio managers looking to aggressively hedge portfolios or make short term directional moves include Leveraged Bull and Bear funds AGQ (Expense Ratio 0.95%, $261 million in AUM), USLV (Expense Ratio 1.65%, $255 million in AUM), DSLV (Expense Ratio 1.65%, $31 million in AUM) and ZSL (Expense Ratio 0.41%, $16.5 million in AUM).

While none of these funds are very large in terms of asset size, those looking to potentially capitalize on the recent short-term volatility in the space may very well gravitate to them, depending on which side of the “Bull/Bear” question they sit. For those simply looking for unlevered exposure to Silver, smaller but competing funds in the segment are SIVR (Expense Ratio 0.30%, $355 million in AUM), DBS (Expense Ratio 0.75%, $21 million in AUM) and USV (Expense Ratio 0.40%, $4 million in AUM).

iShares Silver ETF
iShares Silver ETF

The iShares Silver Trust ETF was trading at $15.76 per share on Tuesday morning, down $0.37 (-2.29%). Year-to-date, SLV has gained 4.30%, versus a 11.29% rise in the benchmark S&P 500 index during the same period.

SLV currently has an ETF Daily News SMART Grade of C (Neutral), and is ranked #16 of 35 ETFs in the Precious Metals ETFs category.

Silver Slammed As U.S. Dollar Rises (SLV)

Related Articles

Silver Slammed As U.S. Dollar Rises (SLV)

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:  

  •            Enrich the conversation, don’t trash it.

  •           Stay focused and on track. Only post material that’s relevant to the topic being discussed. 

  •           Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.

  • Use standard writing style. Include punctuation and upper and lower cases. Comments that are written in all caps and contain excessive use of symbols will be removed.
  • NOTE: Spam and/or promotional messages and comments containing links will be removed. Phone numbers, email addresses, links to personal or business websites, Skype/Telegram/WhatsApp etc. addresses (including links to groups) will also be removed; self-promotional material or business-related solicitations or PR (ie, contact me for signals/advice etc.), and/or any other comment that contains personal contact specifcs or advertising will be removed as well. In addition, any of the above-mentioned violations may result in suspension of your account.
  • Doxxing. We do not allow any sharing of private or personal contact or other information about any individual or organization. This will result in immediate suspension of the commentor and his or her account.
  • Don’t monopolize the conversation. We appreciate passion and conviction, but we also strongly believe in giving everyone a chance to air their point of view. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at’s discretion.

Write your thoughts here
Are you sure you want to delete this chart?
Post also to:
Replace the attached chart with a new chart ?
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
Are you sure you want to delete this chart?
Replace the attached chart with a new chart ?
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
Continue with Google
Sign up with Email