This is a trading item or a component that was created using QuantShare by one of our members.
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There are many indices and ETFs you can find and follow if you want to track the Gold and Silver industry. You can also create your own composite and get more control over how to benchmark the Gold and Silver industry.
The current composite will create a new symbol "_Gold_Silver" by taking all U.S. stocks that belong to the Gold & Silver industry and have a close price of at least one dollar. It then calculates their average close price and stores the result in the new Gold and Silver composite/index.
In my database, 136 stocks are associated with the Gold & Silver industry. Among these, 57 have a close price higher than one dollar.
Here is the distribution of these stocks within U.S. Exchanges:
30 stocks are trading on the American Stock Exchange (AMEX)
13 stocks are trading on the New York Stock Exchange (NYSE)
8 stocks are trading on OTC markets
No stock is listed on NASDAQ
To compare gold and silver commodities, you may use the Gold to Silver Ratio. A downloader that gets a measure of the number of silver ounces required to buy one ounce of gold.
Trading financial instruments, including foreign exchange on margin, carries a high level of risk and is not suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in financial instruments or foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading and seek advice from an independent financial advisor if you have any doubts.