Silver ETFs on a Winning Streak
Source: MarketWatch, John Spence (3/2/11)
"Silver prices have broken; ETF tracking silver miners may follow suit."
The roughly $500 million Global X Silver Miners ETF is on a three-day winning streak during which it has rallied about 10%.
SIL closed Tuesday's session at $27.59 a share, just shy of its recent high of $27.93 recorded on Jan. 3. The silver-miners ETF was launched in April 2010.
Watch for a breakout in the silver-miners ETF above $28.