ETFS Physical Silver Shares (NYSEArca: SIVR) is another large ETF that invests in silver, while Global X Silver Miners ETF (NYSEArca: SIL) tracks miner shares.
Silver and gold ETFs are both near record highs, even though “poor man’s gold” has outperformed the real thing in percentage terms lately.
“Spreading Middle East and North Africa unrest has increased concerns about worst case scenarios and the impact higher oil prices may have on inflation and growth, driving up demand for risk and inflation hedges,” ETF Securities noted. “European debt concerns are also on the rise.”
For full disclosure, Tom Lydon’s clients own SLV and GLD.