Over the past 5 years investors in Silver Wheaton (SLW) have seen this stock grow 334%. If you're into placing some precious metals in your portfolio for inflation protection consider this stock's returns over the last 5 years
Barchart technical indicators:
- 100% Barchart technical buy signal
- Trend Spotter buy signal
- Above its 20, 500 and 100 day moving averages
- 29 new highs and up 65.48% over the last year
- Relative Strength Index 63.26% and rising
- Barchart computes a technical support level at 40.46
- Recently traded at 41.76 which is above its 50 day moving average of 38.42
Summary: Precious metals are not for growth but for inflation protection. Even though inflation is low these stocks have taken off. Silver Wheaton (SLW) should be considered for portfolios wanting to add precious metals to their holdings.
Jim Van Meerten is a Marketocracy Master
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