Five Silver Securities Hit 52 wk Highs

Silver has been doing a lot of catching up to gold lately and today in particular as 2 silver miners and 3 silver ETF’s hit new 52wk highs. Silver Wheaton (SLW) hit an all time high today of $24.41 (congrats to those who bought in early 2009 for $6.50 a share) and First Majestic Silver (FRMSF) hit a high of $5.38.

The ETF’s that hit 52 wk highs were iShares Silver Trust (SLV) $19.55, PowerShares DB Silver Fund (DBS) $35.30, and ETFS Silver Trust (SILV) $19.91.

Despite all of the good news, I still think we’re in for another major pullback even as the commodities are decoupling from the market due to the falling asset prices and rising basic materials prices.

About Aaron Basile
Day Trading and Swing Trading Ideas, Certified Personal Trainer, Power Bodybuilding, Avid Sports Fan (NBA, NFL)

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