New Junior Silver Miners/Explorers ETF Hanging Tough – Check It Out

One of the downsides of introducing an ETF in an out-of-favor sector is that it won’t have much initial trading volume [an average of 600/day over the past month on the 9 days it did trade] and, as such, SILJ is not an ETF to…buy “at the market,” since “the market” might be 30% higher than the next trade. Instead, choose a reasonable price and put in a good-until-cancelled bid — and then watch it to make sure nothing crazy happens in the meantime.

[Since its launch on November 29th, 2012 at $20.36 SILJ (CUSIP#: 30304R308)has fared quite well in the face of a volatile silver market down just 1.5%. By comparison, Sprott Physical Silver Trust (PHS.U) is down 7.2% and iShares Silver Trust ETF (SLV) is down 8.1%. Incidentally, in the gold dominated sector BMO Junior Gold Index ETF (ZJG) is down 12.8%, Market Vectors Junior Gold Miners ETF (GDXJ) is down 12.2% and  Global X Pure Gold Miners ETF (GGGG) is down 10.7%.]

Don’t expect results right away as trends have a habit of continuing, so the silver miners could easily have another crappy year. [That being said,]…at some point both silver and its derivatives (including mining shares) will start moving in the right direction….

Editor’s Note: The author’s views and conclusions are unaltered and no personal comments have been included to maintain the integrity of the original article. Furthermore, the views, conclusions and any recommendations offered in this article are not to be construed as an endorsement of such by the editor.

* http://dollarcollapse.com/silver/a-quick-way-to-buy-the-junior-silver-miners/

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