Silver ETFs on a Winning Streak


"Silver prices have broken; ETF tracking silver miners may follow suit."

Silver prices have broken out recently amid the turmoil in the Middle East, and now an 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.

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