Silver ETF – SLV
So if you’ve got a commodity ETF betting on gold, why would you bother with a silver ETF?
Well, much like with GLD, the iShares Silver Trust (SLV) is just a fund and doesn’t actually allow you to touch and feel the real thing. So you’re probably not investing in silver or this silver ETF because you believe it will be the world’s pocket change to gold’s primary currency of the new world order.
Instead, it’s because silver, while a shiny precious metal that does show up in jewelry, also as a number of practical applications that help prop up demand.
Sure, your mind might wander to silverware or other kitchen implements, but silver is so much more 21st century than that. Silver can be used in electronic switches, in paste or ink form, as well as LEDs and DVDs. It can be used to produce chemicals such as formaldehyde. And silver paste is even used in the manufacturing of solar panels.
Each unit of the SLV silver ETF actually represents a full ounce of silver, and again has enormous volume of hundreds of millions of units daily, making this commodity ETF a liquid, trustworthy tracker of the metal.
The SLV silver ETF charges just 0.5% in expenses.