The Best Silver ETFs to Buy Now
Silver may never outperform gold but it may still be a wise addition to your portfolio — especially now. Silver prices finished 2020 up by 48%, beating gold by a solid 23 percentage points. Demand for silver is growing, making it a good idea to invest in. But, why? Why are silver prices growing? Why is now a good time to buy silver? Firstly, Joe Biden won the US 2020 election. As a major supporter of the Green New Deal, Biden’s impact is gradually being seen. Silver is one of the best conductors of electricity and heat, and one of the most light-sensitive metals in the world. Silver is ideal for solar panels on top of its preexisting use in batteries, for purifying water, and in the fabrication of control rods in nuclear reactors. Biden’s aggressive stance on climate change will inevitably shift the U.S. towards greener technology on a national scale. Let’s take a look at some silver ETFs to buy in 2021.
Aberdeen Standard Physical Silver Shares ETF (SIVR)
SIVR is structured as a grantor trust, physically backed by silver bullion and coins held in a vault on behalf of investors.
iShares Silver Trust (SLV)
Like SIVR, SLV is a grantor trust holding physical silver on behalf of investors.
Invesco DB Silver Fund (DBS)
DBS is structured as a commodity pool which tracks the DBIQ Optimum Yield Silver Index Excess Return, which seeks to track the price of silver futures.
Global X Silver Miners ETF (SIL)
Global X Funds — Global X Silver Miners ETF is an exchange traded fund launched and managed by Global X Management Company LLC. The fund invests in stocks of companies operating across materials, metals and mining, silver sectors.
ETFMG Prime Junior Silver Miners ETF (SILJ)
This mining investment is the first and only silver ETF to target small-cap silver miners.
It’s important to note that silver commodity futures have been subject to enormous speculation since the beginning of 2021 and have been incredibly volatile as a result. Investing in silver or ETFs that hold them is riskier than usual. When investing be careful and be wary that current large price swings are likely indicative of underlying market conditions.
