After Gold's 'Moment In The Sun,' It's Now Silver's Turn: These ETFs Linked To The Shiny Metal Are Rising In Thursday's Pre Market
Portfolio Pulse from Navdeep Yadav
Silver prices are surging due to global tensions and market uncertainty, leading to gains in silver-linked ETFs like abrdn Physical Silver Shares ETF (SIVR), iShares Silver Trust (SLV), and abrdn Physical Precious Metals Basket Shares ETF (GLTR). These ETFs are up in premarket trading, reflecting the rise in silver prices driven by geopolitical tensions, ECB interest rate cuts, and U.S. election uncertainty.
October 24, 2024 | 12:33 pm
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POSITIVE IMPACT
abrdn Physical Precious Metals Basket Shares ETF (GLTR) is up 1.48% in premarket trading, with a year-to-date return of over 30.29%, as silver prices rise due to geopolitical and economic factors.
GLTR, which includes silver, benefits from the rising silver prices driven by geopolitical tensions and economic uncertainties, leading to a positive premarket movement.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 85
POSITIVE IMPACT
abrdn Physical Silver Shares ETF (SIVR) is up 1.28% in premarket trading, with a year-to-date return of over 42.01%, driven by rising silver prices amid global tensions and market uncertainty.
SIVR's performance is directly linked to silver prices, which are rising due to geopolitical tensions and economic uncertainty. This has led to a positive premarket movement for SIVR.
CONFIDENCE 95
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
iShares Silver Trust (SLV) is up 1.27% in premarket trading, with a year-to-date return of over 41.85%, benefiting from the surge in silver prices due to increased demand for safe-haven assets.
SLV's value is closely tied to silver prices, which are increasing due to global tensions and economic uncertainties, resulting in a positive impact on SLV's premarket performance.
CONFIDENCE 95
IMPORTANCE 80
RELEVANCE 90