Now, Eric Sprott of Sprott Asset Management projects 20-40% gains in precious metals this year, with silver prices hitting $50 an ounce, according to Wealth Wire. Silver is up the most so far in 2011. [Silver Leads Commodity ETFs In 2011.]
“The support for prices is largely attributable to persistent global uncertainty in the form of the ongoing conflict in Libya, a renewed focus on the European sovereign debt situation and a stronger oil price that has stoked fears over global inflation,” Standard Bank precious metals analyst Marc Ground said. [Gold, Silver ETFs Sparkle As Metals Hit Fresh Highs.]
ETFs tracking gold and silver miners have also surged recently. [Gold and Silver Miner ETFs Break Out.]
For more information on silver ETFs, visit our silver category.
- ETFS Physical Silver Shares (NYSEArca: SIVR). SIVR tries to reflect the returns equivalent to movements in the silver spot price less fees. The fund has an expense ratio of 0.3%.
- iShares Silver Trust (NYSEArca: SLV). SLV is a trust that tries to reflect the price of silver owned by the iShares Silver Trust. The fund has an expense ratio of 0.5%.
- PowerShares DB Silver Fund (NYSEArca: DBS). DBS tries to reflect the DBIQ Optimum Yield Silver Index Excess Return, which is a rules-based index composed of futures contracts on silver. The fund has an expense ratio of 0.75%.
- Global X Silver Miners ETF (NYSEArca: SIL). SIL tries to reflect the performance of the Solacitve Global Silver Miners Index, which tracks the performance of the silver mining industry and is comprised of selected global companies that are actively engaged in the silver mining industry. The fund has an expense ratio of 0.65%.
Max Chen contributed to this article.
For full disclosure, Tom Lydon’s clients own SLV.