Investors are also looking at silver as a safe-haven bet in light of a possible military response to Syria’s alleged chemical weapons use. [Silver ETF’s 20% August Rally Beats Gold]
The iShares Silver Trust (NYSEArca: SLV) tracks silver price movements. The fund is backed by 340,820,040.1 ounces of silver stored in London and New York vaults. Each share of SLV is equivalent to holding 0.965 ounces of silver. SLV has a 0.50% expense ratio. The ETF is up 20.2% over the past month.
The ETFS Physical Silver Shares (NYSEArca: SIVR) also tracks silver prices through physical silver holdings. The fund is backed by 17,977,105 ounces of silver stored in London vaults. Each share of SIVR is equivalent to 0.988 ounces of silver. SIVR has a 0.30% expense ratio. The ETF is up 20.1% over the last month.
For more information on silver, visit our silver category.
Max Chen contributed to this article.