Amid Soaring Gold, Silver Prices, Bank of America Is Bullish On These 4 Promising Metal ETFs For Good Investment Returns
Portfolio Pulse from Benzinga Neuro
Bank of America is bullish on four metal ETFs amid soaring gold and silver prices. The highlighted ETFs are abrdn Physical Silver Shares ETF (SIVR), iShares Silver Trust (SLV), Invesco DB Precious Metals Fund (DBP), and abrdn Physical Precious Metals Basket Shares ETF (GLTR). The bank predicts a positive outlook for commodities, especially silver.
May 27, 2024 | 7:34 am
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POSITIVE IMPACT
Invesco DB Precious Metals Fund (DBP) is highlighted by Bank of America as an attractive ETF for exposure to a range of precious metals.
Bank of America's positive rating on DBP and the rising prices of precious metals are likely to attract investors, leading to short-term price gains.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 80
POSITIVE IMPACT
abrdn Physical Precious Metals Basket Shares ETF (GLTR) is highlighted by Bank of America as an attractive ETF for exposure to multiple precious metals.
Bank of America's positive rating on GLTR and the rising prices of precious metals are likely to attract investors, leading to short-term price gains.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 80
POSITIVE IMPACT
Newmont (NEM) is mentioned as a key player in the precious metals supply chain amid rising gold and silver prices.
As a key player in the precious metals supply chain, Newmont is likely to benefit from rising gold and silver prices, leading to potential short-term price gains.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50
POSITIVE IMPACT
Bank of America highlights abrdn Physical Silver Shares ETF (SIVR) as the most cost-effective silver fund with a bullish outlook on silver prices.
Bank of America's positive rating and cost-effectiveness of SIVR, combined with a bullish outlook on silver prices, are likely to drive investor interest and short-term price appreciation.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
iShares Silver Trust (SLV) is highlighted by Bank of America as an attractive ETF for exposure to silver amid rising silver prices.
Bank of America's positive rating on SLV and the rising silver prices are likely to attract investors, leading to short-term price gains.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 90