Silver is another popular metal next to gold, with different market behavior. Here we'll look at the best silver ETFs to get in on the secondary metal.
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Introduction – Why Silver?
When it comes to precious metals, gold gets all the press. But silver, while less popular, may also deserve a dedicated place in diversified portfolios. Silver behaves slightly differently from gold. Unlike gold, silver is widely used in industrial applications, and is not just used as a store of value. Silver is lowly correlated to both stocks and bonds. Short-term traders may also prefer silver to gold, as silver's movements are even more volatile than the highly-volatile gold.
Let's look a few of the best silver ETFs. These physically-backed funds track the spot price of silver bullion.
The 3 Best Silver ETFs
Below are the 3 best silver ETFs to capture the secondary metal.
SLV – iShares Silver Trust
The iShares Silver Trust (SLV) is the most popular ETF in the silver space, with over $15 billion in assets. It tracks the spot price of silver bullion. The fund was founded in 2006 and has an expense ratio of 0.50%. Those trading silver over the short term will likely want to use this fund as it has the highest liquidity.
SIVR – Aberdeen Standard Physical Silver Shares ETF
The Aberdeen Standard Physical Silver Shares ETF (SIVR) provides more affordable exposure to silver bullion with an expense ratio of 0.30%. The fund has over $800 million in assets.
AGQ – ProShares Ultra Silver
Those seeking leveraged exposure to silver can use the ProShares Ultra Silver ETF (AGQ), which seeks to provide 2x the daily returns of silver bullion. This fund has over $700 million in assets and an expense ratio of 0.95%.
Where to Buy These Silver ETFs
All these silver ETFs are available at M1 Finance. M1 has zero trade commissions and zero account fees, and offers fractional shares, dynamic rebalancing, and a sleek, user-friendly interface and mobile app. I wrote a comprehensive review of M1 Finance here.
Disclaimer: While I love diving into investing-related data and playing around with backtests, this is not financial advice, investing advice, or tax advice. The information on this website is for informational, educational, and entertainment purposes only. Investment products discussed (ETFs, mutual funds, etc.) are for illustrative purposes only. It is not a recommendation to buy, sell, or otherwise transact in any of the products mentioned. I always attempt to ensure the accuracy of information presented but that accuracy cannot be guaranteed. Do your own due diligence. All investing involves risk, including the risk of losing the money you invest. Past performance does not guarantee future results. Opinions are my own and do not represent those of other parties mentioned. Read my lengthier disclaimer here.
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