Ambitious traders looking for more near-term upside in silver can consider leveraged ETFs, such as the ProShares Ultra Silver ETF (NYSEArca: AGQ) and the VelocityShares 3x Long Silver ETN (NYSEArca: USLV).
Silver’s surge is also boosting mining ETFs, which are among this year’s best-performing non-leveraged ETFs. That group includes the Global X Silver Miners ETF (NYSEArca: SIL) and the PureFunds ISE Junior Silver ETF (NYSEArca: SILJ).
“Silver was last trading around $18.03 per ounce, eclipsing the important $18 level for the first time since early November. Precious metals’ rally this year so far has been fueled by a flight to safehaven assets, even as equities markets continue to hit fresh all-time highs, amid rising interest rates and geopolitical uncertainty,” reports ETF Daily News.
Year-to-date, investors have yanked over $107 million from SLV, but SIVR has seen inflows of nearly $9 million.
For more information on the silver market, visit our silver category.