Canada markets closed

Silver May 24 (SI=F)

COMEX - COMEX Delayed Price. Currency in USD
Add to watchlist
25.10+0.18 (+0.74%)
At close: 04:59PM EDT
Full screen
Pre. SettlementN/A
Settlement Date2024-05-29
Open24.77
Bid25.09
Last Price24.92
Day's Range24.50 - 25.13
Volume71,451
Ask25.10
  • Yahoo Finance Video

    Gold is a buy, but bonds may be a bust

    In Monday's installment of Good Buy or Goodbye, Sound Planning Group CEO David Stryzewski joins Yahoo Finance anchor Josh Lipton to discuss why he recommends buying gold (GC=F) while avoiding bonds. Stryzewski endorses gold as an asset class to buy, pointing out that it has broken above all-time highs and sustained the position. Stryzewski claims $2,100 is the "new foundation," adding, "it's just up from here." He also notes that prices have been climbing because central banks are actively purchasing gold on "an annualized basis," citing China as an example, which he says has acquired "thousands of tons of it." The only potential risk he identifies is the US dollar given the inverse correlation between its pricing and gold's. On the other hand, Stryzewski recommends steering clear of the iShares Core U.S. Aggregate Bond ETF (AGG). He explains that the Federal Reserve's outlook on rate cuts remains uncertain, and with bonds exhibiting "a seesaw effect" in response to interest rate movements, the value of bonds could take a hit. He also notes that treasury yields are "safer" than the yields on bonds, which is how investors receive returns. Catch more of Good Buy or Goodbye here, or watch this full episode of Yahoo Finance Live. Editor's note: This article was written by Angel Smith

  • Yahoo Finance Video

    Silver ETFs may be worth their weight in gold

    Gold (GC=F) has become quite the hot commodity as the metal has gained back momentum from its October 2023 lows. Gold traders typically diverge into two categories: central banks purchasing gold and ETF investors selling gold. Which is the best way to handle precious metal trading during this period of uncertainty? abrdn Director of ETF Investment Strategy Robert Minter joins Yahoo Finance to discuss the best ways for investors to look at gold and figure out the best way to maximize their portfolios with the commodity. Minter elaborates on not just gold, but also silver (SI=F) and how to capitalize on both commodities: "So with gold at or near all-time highs and silver trading at a 50% discount to its all-time high, which occurred in 2011, I think silver is really interesting. About 50% of demand for silver comes from industrial activities, and so we like SIVR (SIVR), which is a silver ETF. We also like BCIM (BCIM), which is a Bloomberg Industrial Metals commodities index. It's purely passive. Has a large weight in copper, aluminum, zinc, nickel, lead, all of the things that drive both the energy transition and the industrial economy." For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Editor's note: This article was written by Nicholas Jacobino

  • Yahoo Finance Video

    Gold prices rise higher, marching into sixth day of gains

    While stocks rip higher Thursday morning, gold (GC=F) is having another good morning as well. Yahoo Finance Senior Markets Reporter Jared Blikre observes the pricing momentum behind the commodity, taking a closer look at notable gold ETFs, silver prices (SI=F), and general market openings. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Editor's note: This article was written by Luke Carberry Mogan.