The price of the iShares Silver Trust exchange-traded fund (ETF) (NYSEARCA: SLV), a mirror of the silver price per ounce, was at US$15.39 on May 27, 2016 — with a trading volume of 5,915,170 — up 13.92% from US$13.51 on December 1, 2015. The metal exploded on April 29, 2016, hitting a 52-week high at US$16.98. Its lowest point was on December 14, 2015 at US$13.06.
As silver is now worth approximately US$17 per ounce — while gold is at US$1,254 an ounce — the commodity’s attractiveness to investors has been gaining momentum. According to a Mergent analysis, silver should remain bullish in 2016 and into the first quarter of 2017. #MergentInc #industryreports #mining