SLV currently shows -1.94% vs yesterdays close
making the calculation from kitco.com, silver seems to be about -1.37% (estimate)
in past, i have viewed SLV (and GLD) as perfect proxy for daily price changes.
Is this no longer valid?
SLV tracking error?
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murphy_p_t
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Ad Orientem
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Re: SLV tracking error?
Silver and gold are traded very nearly 24 hrs a day. But SLV and GLD (or IAU) are not. In my experience most so called tracking errors are simply a case of the fund stopped trading before the metal did according to whichever source you are comparing it with (Kitco etc...).
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buddtholomew
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Re: SLV tracking error?
COMEX spot silver and gold markets close daily at 10:25 and 10:30am EST respectively. The SLV and GLD ETF's continue to trade until the US stock market closes at 4:00PM EST.
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Ad Orientem
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Re: SLV tracking error?
I stand corrected. I had it backwards.buddtholomew wrote: COMEX spot silver and gold markets close daily at 10:25 and 10:30am EST respectively. The SLV and GLD ETF's continue to trade until the US stock market closes at 4:00PM EST.
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