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Commodity ETF Trends: Silver Breaks Out, Gold Steady Amid Commodity Strength


Amid steady up trend of U.S. stock markets, silver (SLV) finally broke out last week, ending the week with 8.8% gain. SLV is now above the previous high $30.18 per share, achieved on 12/31/2010. It closed on Friday at $31.79, a historical high.

Gold (GLD) was also steady, closing the week with 2.3% gain, though its Friday's closing price $135.47 is still below its recent high of $139.11. For more commodity performance details, please refer to here.

The following trend table shows the trend scores of commodity ETFs. Silve (SLV) is retaining its first place, way ahead of the second place agriculture ETF (DBA). It should be noted that DBA still has quite some way to go to break out from its previous high $42.03, achieved on 6/30/2008, right before the financial crisis.


http://seekingalpha.com/article/254029-commodity-etf-trends-silver-breaks-out-gold-steady-amid-commodity-strength?source=yahoo