27.09.2011 - 3 commodity ETFs priced against each other
The iShares Silver Trust ETF (SLV) took quite a hit this week, down nearly 24% since September 19th closing. Making its gold counterpart SPDR Gold Trust ETF (GLD), 10% downward move seem tame in comparison. While it's hard to quantify a "fair value" for either gold or silver, the ratio of prices between the price of the two commodities can be instructive. The below chart shows the ratio of price per share of SLV to GLD since the beginning of 2007 (note these are ratios of the cost of one share of each ETF, not ratios of one ounce of each metal)..............................................Full Article: Source
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