Here are 5 of best silver ETFs for Canadian investors:
1. iShares Silver Trust (SLV)
2. Aberdeen Standard Physical Silver Shares ETF (SIVR)
3. Sprott Physical Silver Trust (PSLV)
4. Global X Silver Miners ETF (SIL)
5. iShares MSCI Global Silver Miners ETF (SLVP)
1. iShares Silver Trust (SLV)
The iShares Silver Bullion ETF (SVR) seeks to replicate the performance of silver prices by investing in physical silver bullion held in London.
The ETF allows investors a cost-effective way to access physical silver without actually taking delivery of it.
The price of the ETF moves in relation to the movement of silver bullion.
In times of economic or geopolitical uncertainty, SVR can be used as a hedge in your portfolio.
2. Aberdeen Standard Physical Silver Shares ETF (SIVR)
SIVR, the Aberdeen Standard Physical Silver Shares ETF, offers low expenses and high liquidity, as well as direct exposure to the price of silver.
It is as easy to buy and sell shares of SIVR on major stock exchanges as it is for any other stock.
SIVR allows investors to gain exposure to the silver spot price with fractional ownership of the physical silver held by the fund.
Each share holds a certain amount of physical bullion in secure vaults.
3. Sprott Physical Silver Trust (PSLV)
Sprott Physical Silver Trust (PSLV) gives investors an easy way to get silver exposure.
It focuses on holding physical silver bullion, so investors own a share of the metal.
This trust is special because it lets investors redeem their shares for physical silver.
This makes it attractive for those who want to own the precious metal.
Sprott updates its holdings on its website, so investors know how much silver it has in real-time.
4. Global X Silver Miners ETF (SIL)
Investors seeking to capitalize on the potential of silver mining companies can turn to the Global X Silver Miners ETF (SIL).
SIL offers exposure to a diversified portfolio of global silver mining stocks.
It provides access to leading silver mining companies, offering opportunities for capital appreciation and dividend income.
SIL offers a diversified approach, with factors such as market capitalization, liquidity, and geographical representation taken into account.
SIL also has a competitive expense ratio compared to other similar ETFs.
5. iShares MSCI Global Silver Miners ETF (SLVP)
The iShares MSCI Global Silver Miners ETF (SLVP) ETF focuses on global companies involved in silver mining, granting investors exposure to this precious metal.
It holds stocks in firms like Fresnillo PLC and Hochschild Mining PLC, providing a diversified portfolio of both big and small silver miners.
Another notable aspect of the iShares MSCI Global Silver Miners ETF (SLVP) is its attention to sustainability.
Most of the businesses included in this fund follow strict environmental and social standards, ensuring responsible and ethical operations.
What is a Silver ETF?
A Silver ETF is an Exchange Traded Fund that allows investors to access the price movements of silver.
The fund typically holds physical silver bullion or invests in silver futures contracts.
Investing in a Silver ETF means you don’t have to own and store physical silver.
Key Considerations When Investing in Silver ETFs
- Evaluate the fund’s expense ratio and fees.
- Consider the fund’s liquidity and trading volume.
- Examine the fund’s holdings to make sure they match your goals.
- Understand the fund’s strategy to determine if it fits your investment objectives.
- Check the fund’s performance history. Compare it to its benchmark index to see how well it tracks its underlying asset.
- Assess the risk of investing in silver ETFs. Think about your risk tolerance and decide if it aligns with your investment strategy.
Frequently Asked Questions
- How do silver ETFs work?
- What are the advantages of investing in silver ETFs?
- Are silver ETFs a good investment?
- How can I buy silver ETFs in Canada?
- What fees are associated with silver ETFs?
DISCLAIMER: This is not investment advice. Recommendations are for educational purposes only, presented as a path for you to further research. Please seek independent financial advice before making any financial decisions. PiggyBank is not liable for any investment decisions you make based on the information presented on this website.
