“With precious metals prices soaring this week, month, and year on the back of flailing Fed credibility, it is not entirely surprising that assets in exchange-traded funds backed by silver have swelled as investors seek a haven from global economic and political risk,” according to ZeroHedge.

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Both SLV and SIVR are bullion-backed silver ETFs – the funds’ shares represent a physical holding in silver bars stored in London, U.K. bank vaults. Potential investors should be aware that physically backed ETFs are taxed as collectibles at a rate of 28% instead of long-term equity rate of 15%.

Silver bullion prices are affected by a weakening U.S., and the global silver ETFs also enjoy the positive forex effects of a depreciating greenback – a strengthening foreign currency means that returns are augmented when converted to a weaker U.S. dollar.

For more information on the silver market, visit our silver category.

iShares Silver Trust