“The silver market and investors are taking in stride tariffs on solar panels imported into the U.S.; analysts say that they see the move having limited impact on prices through 2018,” reports Kitco News. “Monday, President Donald Trump approved applying safeguard tariffs for the next four years on imported solar cells and modules. The sector would see a 30% tariff in the first year, a 25% tax in the second year, a 20% tax in the third year and a 15% tariff in the fourth year.”
Investors can tap silver equities with the Global X Silvers Miners ETF (NYSEArca: SIL) and related ETFs. SIL, the largest silver miner-related ETF, tries to mirror the Solactive Global Silver Miners Total Return Index, which is also comprised of global silver miners.
“The tariffs come as silver continues to underperform gold prices, with markets ignoring favorable supply and demand fundamentals as industrial demand for silver is expected to grow through 2018 while mine supply continues to shrink,” according to Kitco News.
For more information on the silver market, visit our silver category.