by Bespoke Investment Group
As gold continues to receive all the headlines, silver continues to look at the yellow metal in the rearview mirror.
Below we highlight a few charts and tables that show just how remarkable the run for silver has been. Had you invested $100 in silver ten years ago today, your investment would now be worth $1,037. A $100 investment in gold would be worth about half that at $569, and a $100 investment in the stock market (S&P 500) would be worth -- wait for it -- $107.48.
The two main silver ETFs (SLV and DBS) have gone absolutely parabolic over the past few weeks. Both are currently trading more than two standard deviations above their 50-day moving averages, and just when they seem about as overbought as they can possibly get, they get even more overbought.
We track nearly 200 ETFs in our daily ETF Trends report over at Bespoke Premium that cover every asset class out there. Below is a list of the ETFs across all asset classes that are currently trading the farthest above their 50-day moving averages. As shown, SLV is currently 26.24% above its 50-day, and the second most overbought ETF -- EWY -- is not even in the same time zone as SLV.
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