+ Watch USLV
on My Watchlist
I don't really know anything about the silver market. I also don't claim to know where the price of silver is headed (I'm not a psychic or one of the Hunt brothers). However, I'm reasonably confident in the general crappiness of 3X ETNs, particularly commodity-based ones. Over time this should underperform unless silver skyrockets with little or no volatility along the way.
betting on higher silver prices from here
As I've said before, I see big gains in silver this year, which means even bigger gains with this ETF.Silver could dip to $25/oz before the next leg up, which would create a very good (rare) buying opportunity.
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