The PowerShares DB Silver Fund (NYSEArca: DBS) is another high-flying silver ETF. DBS tracks silver futures contracts. Specifically, the ETF includes silver contracts that expire on January 27, 2017. Consequently, potential investors should be aware that the fund may come with a K-1 tax form. Additionally, since the ETF includes futures contracts, investors are susceptible to the effects of contango or backwardation in the futures market.
Good news for silver investors is that global central banks remain cooperative.
“The Fed removed the warning about global risks in its statement, hinting that a June rate hike may be forthcoming. Of course, actions speak louder than words, especially with the Federal Reserve, so we will see if this is just more ongoing jawboning. The BoJ left rates unchanged with the market looking for further easing, pointing to modest recovery trends,” adds InvestorPlace.
Want more Silver ETF news and analysis? Visit: www.etftrends.com/silver
iShares Silver Trust ETF