iShares Silver Trust (NYSE:SLV) hit a 52-week high of $65.52 on Wednesday. Here’s what you need to know.
iShares Silver Trust stock is showing positive momentum. What’s the outlook for SLV shares?
What To Know: Silver has benefited from elevated economic and geopolitical uncertainty, with investors increasingly viewing the metal as a safe-haven asset. Concerns about a potential AI-driven equity bubble and uncertainty over the next Federal Reserve chair have led investors to pull back from risk assets and favor defensive investments, including silver.
At the same time, expectations for lower interest rates have reduced the appeal of bonds, prompting further rotation into commodities. Silver has outperformed under these conditions, with its performance this year standing out relative to historical trends.
How To Buy iShares Silver Trust
By now you’re likely curious about how to participate in the market for iShares Silver Trust – be it to purchase shares, or even attempt to bet against the company.
Buying shares is typically done through a brokerage account. You can find a list of possible trading platforms here. Many will allow you to buy “fractional shares,” which allows you to own portions of stock without buying an entire share.
In the case of iShares Silver Trust, which is trading at $63.85 as of publishing time, $100 would buy you 1.57 shares of stock.
If you’re looking to bet against a company, the process is more complex. You’ll need access to an options trading platform, or a broker who will allow you to “go short” a share of stock by lending you the shares to sell. The process of shorting a stock can be found at this resource. Otherwise, if your broker allows you to trade options, you can either buy a put option, or sell a call option at a strike price above where shares are currently trading – either way it allows you to profit off of the share price decline.
See Also: Benzinga’s ‘Stock Whisper’ Index: 5 Stocks Investors Secretly Monitor But Don’t Talk About Yet
SLV Price Action: At the time of writing, Silver shares are trading 1.59% lower at $63.77, according to data from Benzinga Pro.
Image created using artificial intelligence via Midjourney.
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