iShares Silver Mining ETF Allocation Increased

By on March 30, 2021

Silver Miners ETF YTDThe price of silver has been declining due to rising interest rates and a stronger US dollar. Therefore, the iShares Silver Mining ETF (SLVP) has been weak.

I decided to take advantage of the decline and increase the allocation to SLVP a smidgen from 4.1% to 4.4%. SLVP was purchased at $14.25 today.

Disclaimer: It is very challenging to outperform a buy and hold strategy. Historically, investors have found themselves well-served over the long-term by investing regularly in a diversified portfolio of stocks or low cost, broadly diversified indexed stock funds. Profitable trades are not guaranteed. No system or methodology ensures stock market profits. All investors are advised to conduct their own independent research into individual stocks, closed-end funds, mutual funds, and exchange traded funds or any other investment vehicle before making a purchase decision. In addition, investors are advised that past performance has demonstrated no relation to future performance. Although accuracy is strived for, no guarantee is made regarding the accuracy of data presented.

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