Investors have been nibbling at silver ETFs, but that is all it has been: A nibble. SLV has $138 million in new assets while GLD’s inflows are north of $5.1 billion.

However, a cooperative Federal Reserve could boost interest in gold and silver ETFs. Precious metals benefit from lower interest rates and with bets dwindling that the Fed will raise rates soon, SLV and SIVR could see added upside.

iShares Silver Trust

Tom Lydon’s clients own shares of GLD.