SILJ and the Global X Silvers Miners ETF (NYSEArca: SIL) have not lost assets this year. SIL and SILJ merit consideration because, much like their gold miners ETF counterparts, these ETFs are intimately correlated to the price of the commodity their holdings extract from the earth. With supply expected to be constrained, silver ETFs and the miners funds could see more upside.
“The supply of silver is tightly constrained and falling copper prices are likely to be a problem this year as silver is produced mainly as a byproduct of mining zinc and copper. If less of these metals is mined then there will be less physical silver available to meet growing demand from investors,” reports Peter Cooper for SilverSeek.com.
PureFunds ISE Junior Silver Small Cap Miners/Explorers ETF
ETF Trends editorial team contributed to this post. Tom Lydon’s clients own shares of GLD.