$SLVP bullish divergence! (4/5)Conviction: 4/5
Silver also seems to be finding a bottom / multiple touches on support.
Bounced off MT (2016) support as well.
RSI-D showing bullish divergence.
Key stats
About iShares MSCI Global Silver Miners Fund
Expense ratio
0.39%
Home page
Inception date
Jan 31, 2012
ISIN
US4642863272
SLVP holds a concentrated basket of silver mining companies in developed and emerging markets, but don't expect pure-play: its holdings just have to earn a majority of their revenues from silver mining, so you'll have exposure to companies that mine gold and precious metals, in addition to silver. The fund targets 25 companies and may extend its universe to micro- cap firms to reach this target. The index is market-cap-weighted and implements a capping methodology for diversification. It caps large and midcap gold companies to 5% then, it limits each issuer to 25% of the index, with issuers greater than 5% weight in aggregate capped at 50% of the index market capitalization. The index is reviewed quarterly starting each February.
Classification
What's in the fund
Exposure type
Non-Energy Minerals
Stock breakdown by region
