Moreover, unlike gold, silver sees much higher industrial demand. The precious metal enjoys heavy industrial demand that benefits from an expanding global economy. On a technical basis, silver looks appealing, as well.
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.
“Since the Commitment of Traders data reflect figures as of Dec. 26, the short-covering rally likely began last Friday. We think the rally is just heating up here, and investors ought to consider silver as 2018 kicks off,” reports CNBC.
For more information on the silver market, visit our silver category.