It’s not just hedge funds buying and trading silver ETFs. Analysts are finding that individual investors are buying ETF shares in small lots. Murray Coleman for Barron’s reports that the number of brokerage accounts with 1,000 shares or less doubled for SLV over the past 12 months.

ETFS Physical Silver Shares

Global X Silver Miners

Tisha Guerrero contributed to this article.

Full disclosure: Tom Lydon’s clients own SLV.