The 3 Best Silver ETFs - Funds for the Secondary Metal (2024)

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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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Contents

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.

Disclosures: None.

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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. I mention M1 Finance a lot around here. M1 does not provide investment advice, and this is not an offer or solicitation of an offer, or advice to buy or sell any security, and you are encouraged to consult your personal investment, legal, and tax advisors. All examples above are hypothetical, do not reflect any specific investments, are for informational purposes only, and should not be considered an offer to buy or sell any products. 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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The 3 Best Silver ETFs - Funds for the Secondary Metal (3)

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The 3 Best Silver ETFs - Funds for the Secondary Metal (2024)

FAQs

The 3 Best Silver ETFs - Funds for the Secondary Metal? ›

Leveraged 3X Silver ETFs seek to provide investors with a magnified daily or monthly return on physical silver prices. The funds use a basket of futures contracts to accomplish their goals and can be either long or inversed. As the name suggests, the level of magnitude is three times the daily or monthly gain/loss.

Which Silver ETF is best? ›

Silver Funds
NameFund Size6M
Nippon India Silver ETF FOF - Direct Plan242.6913.28
Kotak Silver ETF Fund of Fund - Direct Plan20.3813.60
Axis Silver Fund of Fund - Direct Plan35.7613.50
Edelweiss Gold and Silver ETF FoF - Direct Plan104.9118.31
6 more rows

Is there a 3X Silver ETF? ›

Leveraged 3X Silver ETFs seek to provide investors with a magnified daily or monthly return on physical silver prices. The funds use a basket of futures contracts to accomplish their goals and can be either long or inversed. As the name suggests, the level of magnitude is three times the daily or monthly gain/loss.

Is SLV ETF backed by physical silver? ›

There's scant difference between SIVR and SLV. Both are backed by physical silver, though in Abrdn's case, all the metal – in the form of silver bullion bars – is held in London vaults.

Is PSLV better than SLV? ›

Over the past 10 years, PSLV has underperformed SLV with an annualized return of 2.35%, while SLV has yielded a comparatively higher 3.50% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.

What is the main Silver ETF? ›

Silver ETF List
Symbol SymbolETF Name ETF Name% In Top 10 % In Top 10
SLViShares Silver Trust100.00%
SIVRabrdn Physical Silver Shares ETF100.00%
AGQProShares Ultra Silver100.00%
ZSLProShares UltraShort Silver100.00%
2 more rows

What is the biggest Silver ETF? ›

The iShares Silver Trust is the largest ETF focused on silver. It offers an easy and low-cost way to invest in physical silver. The ETF owns physical silver bars stored in JPMorgan Chase (JPM 0.65%) bank vaults in New York and London.

Is it better to buy physical silver or ETF? ›

Silver ETFs offer a convenient way to diversify your holdings, as they often include a basket of different silver assets. If you already have a diversified portfolio and are looking for a specific silver exposure, physical silver may be a better choice, allowing you to select the precise products you wish to own.

Are silver ETFs a good investment? ›

Silver ETFs offer investors an easy and cost-effective way to invest in silver. They provide exposure to the price movements of silver without requiring investors to take physical possession of the metal. Additionally, they offer benefits such as diversification, liquidity, and low expense ratios.

Does Vanguard have a Silver ETF? ›

Below we will go through the pros, cons, potential fees of each product category, including silver ETF, silver forex, silver CFD, silver futures, and silver options. Silver is an available investment at Vanguard, you can use the following vehicles to invest into silver: Silver ETF.

Who owns the most SLV stock? ›

Institutional Ownership and Shareholders

Largest shareholders include Susquehanna International Group, Llp, Baymount Management LP, Jpmorgan Chase & Co, Jane Street Group, Llc, Jpmorgan Chase & Co, Optiver Holding B.V., Twin Tree Management, LP, UBS Group AG, Citadel Advisors Llc, and Simplex Trading, Llc .

Is SLV risky? ›

Commodity ETFs such as SLV may be particularly risky as the price of precious metals can be impacted by changes in overall market movements, underlying index volatility, changes in interest rates, or factors affecting a particular industry or commodity.

What is the best physical silver to invest in? ›

These are the Silver investment pieces most attractive to investors.
  • British Silver Britannias.
  • Mexican Silver Libertads.
  • Somalian Silver Elephants.
  • Austrian Silver Philharmonics.
  • Morgan Silver Dollars.
  • 90% Silver ” Junk” Dimes.
  • Australian Silver Kangaroos.
  • Chinese Silver Pandas.

Why SLV-3 failed? ›

Then came the fatal malfunction in the second stage control system. The control rocket failed to take over, as expected, due to the failure of one of its components. The SLV-3 began a rotating and twisting climb to an altitude of 50 km against the programmed altitude of 72 km at the end of stage-2.

Was SLV-3 successful? ›

SLV-3 was successfully launched on July 18, 1980 from Sriharikota Range (SHAR), when Rohini satellite, RS-1, was placed in orbit, thereby making India the sixth member of an exclusive club of space-faring nations .

Is PSLV as good as physical silver? ›

PSLV is not physical silver, I don't want any confusion about that. But it is as close as you can get to the real thing from a traded security. It has advantages to U.S. investors for tax purposes and is currently trading at a discount to NAV. For these reasons I have a portion of my silver allocation invested in PSLV.

Is a Silver ETF worth it? ›

Investors seeking diversified portfolios should consider Silver ETFs. These funds provide exposure to silver, making them ideal for those wanting to participate in the market. With 99.99% purity backing, they offer relatively low-risk investment opportunities, catering to those seeking stability.

What is the best silver investment right now? ›

13 Best Silver Mining Stocks To Invest In Now
  • Seabridge Gold Inc. (NYSE:SA) ...
  • Osisko Gold Royalties Ltd (NYSE:OR) Number of Hedge Fund Investors In Q4 2023: 13. ...
  • Endeavour Silver Corp. (NYSE:EXK) ...
  • MAG Silver Corp. (NYSE:MAG) ...
  • Coeur Mining, Inc. ...
  • Hecla Mining Company (NYSE:HL) ...
  • Fortuna Silver Mines Inc. ...
  • Pan American Silver Corp.
Feb 27, 2024

What is the most profitable way to invest in silver? ›

If the price of silver rises, you can make a profit on silver coins and bullion, but that's the only way you'll make money here, since the physical commodity does not produce cash flow, unlike a quality business. You can purchase silver through local dealers and pawn shops or online dealers such as APMEX or JM Bullion.

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