To The Moon

Renewed expectations of a June interest rate cut in the United States have drawn investor attention to precious metals like gold and silver. The lower interest rate environment makes gold and silver more attractive as they do not pay interest, serving as safe havens during financial and political uncertainty. Factors like the upcoming U.S. presidential election, Russia-Ukraine conflict, and Israel-Hamas tensions have boosted interest in these metals.

Gold has reached new all-time highs, while silver has hit its highest levels in two years. The popular SPDR Gold Trust ETF (GLD) rose by 9.3% in the past month, with the iShares Silver Trust (SLV) surging by 12.6%, outperforming gold. Additionally, Aberdeen Physical Silver Shares ETF (SIVR) and Sprott Physical Silver Trust (PSLV) have also outperformed GLD.

Silver's performance is driven by its industrial applications, with increasing demand from the global economy. The Silver Institute predicts a landmark year for silver in 2024, with prices potentially reaching decade-high levels. Strong industrial demand, coupled with recovery in jewelry and silverware demand, is expected to drive global demand to 1.2 billion ounces. The anticipated recovery in consumer electronics and the global push for green energy will further boost silver demand, given its crucial role in various industries.

Here are detailed descriptions of the aforementioned ETFs:

iShares Silver Trust (SLV)

SLV provides exposure to daily silver bullion price movements. With $11.9 billion in assets and an average daily trading volume of 17 million shares, it charges a 0.50% expense ratio.

Aberdeen Physical Silver Shares ETF (SIVR)

SIVR tracks silver prices after expenses, managing $1.2 billion in assets with a daily trading volume of 812,000 shares. It has a 0.30% expense ratio.

Global X Silver Miners ETF (SIL)

SIL offers exposure to silver mining companies, holding 32 stocks. With $980 million in assets and a daily trading volume of 367,000 shares, it charges a 0.65% fee.

ETFMG Prime Junior Silver ETF (SILJ)

SILJ tracks junior silver mining and exploration firms, holding 50 stocks. Managing $800 million in assets with a daily trading volume of 1.5 million shares, it charges a 0.69% fee.

iShares MSCI Global Silver and Metals Miners ETF (SLVP)

SLVP tracks companies with significant silver revenue. With $192 million in assets and a daily trading volume of 100,000 shares, it charges a 0.39% fee.