Wednesday, March 2, 2011

Grab SPDR Gold Trust (GLD), iShares Silver Trust (SLV) to Play Gold, Silver Futures

As gold and silver continue their rise, investors are increasingly putting their money into SPDR Gold Trust (NYSEArca:GLD) and/or iShares Silver Trust (NYSEArca:SLV) as a way to play gold and silver futures, rather than invest directly in futures.

Both ETFs are trading at near the top of their 52-week range.

If you like ETFs, another way to play gold and silver is via mining companies, where one could invest in Market Vectors Gold Miners (NYSEArca:GDX) or the Global X Silver ETF (NYSEArca:SIL), among many others, depending on what sector of the mining sector you want to focus on.

While all of these are relatively pricey because of the ongoing surge in gold and silver prices, it's doubtful it would be a good strategy to wait at this time for prices to pull back, as the time, during this season, has passed.

No comments: