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Yahoo
4 days ago
- Business
- Yahoo
ETFs Riding High on Multi-Year Record Silver Prices
Silver soared to its highest level in more than a decade, topping $35.90 per ounce — a level not seen since February 2012. The rally comes amid a weakening U.S. dollar, heightened global trade uncertainty and rising interest in precious metals as geopolitical and economic hedges. Silver has risen 24% so far this miners also spiked, as they are the biggest beneficiaries of a surge in silver prices. These act as leveraged plays on underlying metal prices and thus tend to experience more gains than their bullion cousins in a rising metal market. Investors seeking to tap the rally could consider ETFs like iShares Silver Trust SLV, abrdn Physical Silver Shares ETF SIVR, Global X Silver Miners ETF SIL, ETFMG Prime Junior Silver ETF SILJ and iShares MSCI Global Silver and Metals Miners ETF SLVP. The silver surge mirrors the recent rally in gold, with both precious metals benefiting from investor anxiety surrounding President Trump's evolving tariff agenda. Silver futures for July delivery jumped more than 4% on Thursday, riding a wave of momentum that analysts say has been building for months. 'The breakout has been brewing for a while,' said Maria Smirnova, CIO at Sprott Asset Management. 'Silver had attempted to breach the $35 threshold several times recently. This move is technically significant and could ignite a wave of physical buying that accelerates the rally.' A major tailwind for silver is the sustained supply deficit in recent years. The silver market is heading for the fifth year of deficit, driven largely by surging industrial demand, particularly from the green energy and electronics sectors. Per the Silver Institute industry association, total silver demand is expected to reach 1.148 billion ounces this year, while supply is forecast at just 1.030 billion ounces. Silver is often used to preserve wealth during times of financial and political uncertainty and usually does well when other asset classes struggle. Geopolitical tensions and ongoing uncertainty over the Trump administration's trade policies enhance the metal's attractiveness among investors (read: Tap Income ETFs Amid Trump Tariffs' Legal Trouble). Silver is benefiting from its dual role as both an investment asset and an industrial metal. The white metal is used in a wide range of industrial applications. About half of the metal's total demand comes from industrial applications, while 30% comes from jewelry/silverware/coins and medal manufacturers. Additionally, the global push for green energy, increasing demand in areas like 5G, a rebound in global computer shipments, the photovoltaics (PV) and automotive industries and new sources of demand for sensors used in IoT and OLED lighting will continue to boost silver demand. Silver is largely used for manufacturing solar panels and electric vehicles, and will play a key role in the shift to 5G wireless network technology. The gold-to-silver ratio has tightened sharply from around 105 in April to approximately 94 by early June, indicating silver is outperforming gold. Since gold has also seen strong inflows (up 29% year to date), this shift added fuel to silver ETF flows (read: Gold Eyes Best Week in a Month: Will ETFs Sustain the Rally?). Another crucial factor behind silver's rally is the weakness in the U.S. dollar. The dollar index has declined steadily over recent weeks, driven by growing concerns over America's fiscal trajectory. President Trump's newly passed tax bill, which raises the debt ceiling by $4 trillion, has added to investor anxiety over ballooning federal deficits. As the greenback loses value, dollar-denominated assets like silver have become more attractive to foreign have discussed the abovementioned ETFs here:iShares Silver Trust (SLV) iShares Silver Trust offers exposure to the day-to-day movement of the price of silver bullion. It is an ultra-popular silver ETF, with an AUM of $16 billion and a heavy volume of 15 million shares a day. It charges 50 bps in fees per year from Physical Silver Shares ETF (SIVR) abrdn Physical Silver Shares ETF tracks the performance of the price of silver less the Trust expenses. It has an AUM of $1.8 billion and trades in a good volume of around 628,000 shares per day on average. SIVR has an expense ratio of 0.30%.Global X Silver Miners ETF (SIL) Global X Silver Miners ETF provides investors access to a broad range of silver mining companies by tracking the Solactive Global Silver Miners Total Return Index. It holds 40 stocks in its basket with a double-digit concentration on the top two firms. Global X Silver Miners ETF has managed assets worth $1.7 billion and trades in a good volume of about 1.4 million shares a day. It charges 65 bps in annual Prime Junior Silver ETF (SILJ)ETFMG Prime Junior Silver ETF is the first ETF to target small-cap silver miners. It provides direct exposure to the small-cap silver mining exploration and production industry by tracking the Prime Junior Silver Miners & Explorers Index. ETFMG Prime Junior Silver ETF holds 56 stocks in its basket, with Canadian firms taking the lion's share at 57%, while the United States takes 18% exposure. It has managed assets worth $1.3 billion and trades in a good volume of nearly 3 million shares a day. It charges 69 bps in annual fees (see: all the Materials ETFs here).iShares MSCI Global Silver and Metals Miners ETF (SLVP)iShares MSCI Global Silver and Metals Miners ETF follows the MSCI ACWI Select Silver Miners Investable Market Index, providing investors exposure to companies that derive the majority of their revenues from silver exploration or metals mining. It holds 30 stocks in its basket, with Canadian firms making up the lion's share at 69.1%, while the United States and Mexico round off the next spots. iShares MSCI Global Silver and Metals Miners ETF has AUM of $285.7 million and an average daily volume of about 189,000 shares. It charges 39 bps in annual fees. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report iShares Silver Trust (SLV): ETF Research Reports abrdn Physical Silver Shares ETF (SIVR): ETF Research Reports Global X Silver Miners ETF (SIL): ETF Research Reports Amplify Junior Silver Miners ETF (SILJ): ETF Research Reports iShares MSCI Global Silver and Metals Miners ETF (SLVP): ETF Research Reports This article originally published on Zacks Investment Research ( Zacks Investment Research Sign in to access your portfolio
Time of India
5 days ago
- Business
- Time of India
Silver hits new peak of Rs 1.04 lakh/kg amid global, industrial push
Silver touched a new high of Rs 1,04,675 per kg on Thursday. The precious metal crossed the Rs 1 lakh mark on June 3 and was trading at Rs 1,00,980 per kg. 'The increase in silver prices was largely expected, given gold's extraordinary performance, which set the stage for silver's growth. Despite silver being widely used in industrial applications, its price has not surged as dramatically as gold's,' Rajesh Rokde, chairman of All India Gem & Jewellery Domestic Council (GJC). Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Trading CFD dengan Teknologi dan Kecepatan Lebih Baik IC Markets Mendaftar Undo Recently, reports indicate that Ukraine launched drone strikes on Russian airfields, targeting military aircraft2. In response, Russian President Vladimir Putin has stated that Moscow will retaliate. The geopolitical tension surrounding this situation could have significant implications for global markets, including precious metals like silver. 'This is a powerful threat, and it could also boost silver prices. Given the current circumstances, there is a strong expectation of a massive surge in silver prices,' Rokde said. From a fundamental perspective, the silver market remains on solid footing. The Silver Institute forecasts another supply-demand deficit in 2025, marking the fifth consecutive year of shortfall. Industrial demand, a key pillar, is projected to hit a new high, bolstered by growth in green energy sectors. Silver industrial fabrication is expected to rise by 3%, exceeding 700 million ounces for the first time. Investment demand is also projected to grow by 3%, driven by recovery in Europe and North America.
Economic Times
5 days ago
- Business
- Economic Times
Silver hits new peak of Rs 1.04 lakh/kg amid global, industrial push
Silver touched a new high of Rs 1,04,675 per kg on Thursday. The precious metal crossed the Rs 1 lakh mark on June 3 and was trading at Rs 1,00,980 per kg. ADVERTISEMENT 'The increase in silver prices was largely expected, given gold's extraordinary performance, which set the stage for silver's growth. Despite silver being widely used in industrial applications, its price has not surged as dramatically as gold's,' Rajesh Rokde, chairman of All India Gem & Jewellery Domestic Council (GJC). Recently, reports indicate that Ukraine launched drone strikes on Russian airfields, targeting military aircraft2. In response, Russian President Vladimir Putin has stated that Moscow will retaliate. The geopolitical tension surrounding this situation could have significant implications for global markets, including precious metals like silver. 'This is a powerful threat, and it could also boost silver prices. Given the current circumstances, there is a strong expectation of a massive surge in silver prices,' Rokde a fundamental perspective, the silver market remains on solid footing. The Silver Institute forecasts another supply-demand deficit in 2025, marking the fifth consecutive year of shortfall. Industrial demand, a key pillar, is projected to hit a new high, bolstered by growth in green energy sectors. Silver industrial fabrication is expected to rise by 3%, exceeding 700 million ounces for the first time. Investment demand is also projected to grow by 3%, driven by recovery in Europe and North America. (You can now subscribe to our ETMarkets WhatsApp channel)
Reuters
5 days ago
- Business
- Reuters
Silver surges past $35/oz level to hit a more than 13-year high
June 5 (Reuters) - Silver has soared to the key milestone of $35 per ounce, reaching its highest level in more than 13 years, propelled by robust industrial demand and ongoing supply deficits, analysts said. Spot silver rose 2.5% to $35.82 per ounce as of 1347 GMT, having touched its highest level since February 2012 at $36.08. "We have been expecting silver to close its performance gap with gold for some time. The metal has firm fundamentals, including being in a supply deficit and industrial demand being robust," said Nitesh Shah, commodities strategist at WisdomTree. The gold-silver ratio, which reflects how many ounces of silver are needed to buy an ounce of gold, currently stands around 94 - down from 105 in April, when it reached its highest level since May 2020. A lower gold-silver ratio means silver is gaining value relative to gold. Given silver's recent underperformance against gold, "it looks to me that there could be some ratio trading going on now that it's dipped below the 100 level," StoneX analyst Rhona O'Connell said. Known both as a safe-haven asset and a vital industrial metal, silver has surged 24% so far in 2025. Industrial uses account for more than half of global silver demand, according to the Silver Institute industry association. That demand has remained robust despite broader industrial headwinds in the past few years, said Shah, due in part to its role in solar and electrification. "With all precious metals in positive territory, I guess they are benefiting from similar factors - weaker US economic data supporting the case of rate cuts, which should support industrial demand at a later stage," said Giovanni Staunovo, UBS analyst. Meanwhile, gold has surged about 29% in 2025, shattering records multiple times on safe-haven demand, expectations of U.S. rate cuts and robust central bank purchases. Silver is facing its fifth consecutive year of a structural market deficit, although the deficit is expected to narrow by 21% in 2025, according to the Silver Institute industry association. "As silver is largely a by-product of mining for other metals, the elevated price will not necessarily drive a lot of new supply. So supply deficit markets may be maintained for longer," Shah added. "In the long-term, rising demand for silver as an industrial material means prices could reach $40 or even $50 per ounce," said Fawad Razaqzada, market analyst at City Index and
Yahoo
5 days ago
- Business
- Yahoo
Silver surges past $35/oz level to hit a more than 13-year high
By Anushree Mukherjee (Reuters) - Silver has soared to the key milestone of $35 per ounce, reaching its highest level in more than 13 years, propelled by robust industrial demand and ongoing supply deficits, analysts said. Spot silver rose 2.5% to $35.82 per ounce as of 1347 GMT, having touched its highest level since February 2012 at $36.08. "We have been expecting silver to close its performance gap with gold for some time. The metal has firm fundamentals, including being in a supply deficit and industrial demand being robust," said Nitesh Shah, commodities strategist at WisdomTree. GOLD-SILVER RATIO The gold-silver ratio, which reflects how many ounces of silver are needed to buy an ounce of gold, currently stands around 94 - down from 105 in April, when it reached its highest level since May 2020. A lower gold-silver ratio means silver is gaining value relative to gold. Given silver's recent underperformance against gold, "it looks to me that there could be some ratio trading going on now that it's dipped below the 100 level," StoneX analyst Rhona O'Connell said. ROBUST INDUSTRIAL DEMAND Known both as a safe-haven asset and a vital industrial metal, silver has surged 24% so far in 2025. Industrial uses account for more than half of global silver demand, according to the Silver Institute industry association. That demand has remained robust despite broader industrial headwinds in the past few years, said Shah, due in part to its role in solar and electrification. "With all precious metals in positive territory, I guess they are benefiting from similar factors - weaker US economic data supporting the case of rate cuts, which should support industrial demand at a later stage," said Giovanni Staunovo, UBS analyst. Meanwhile, gold has surged about 29% in 2025, shattering records multiple times on safe-haven demand, expectations of U.S. rate cuts and robust central bank purchases. SUPPLY DEFICIT AND LONG-TERM OUTLOOK Silver is facing its fifth consecutive year of a structural market deficit, although the deficit is expected to narrow by 21% in 2025, according to the Silver Institute industry association. "As silver is largely a by-product of mining for other metals, the elevated price will not necessarily drive a lot of new supply. So supply deficit markets may be maintained for longer," Shah added. "In the long-term, rising demand for silver as an industrial material means prices could reach $40 or even $50 per ounce," said Fawad Razaqzada, market analyst at City Index and Sign in to access your portfolio
