Silver (XAGUSD), like gold (XAUUSD), has seen a sharp fall this month. The white metal has dropped about 22% to around $69 over the last month as surging oil prices due to the conflict in the Middle East have raised questions about its safe haven appeal.
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However, some analysts still see the price of silver approaching a triple-digit level before the end of this year. To help investors buy the dip and capture that gain, this article, using the TipRanks Best Silver ETFs tool, spotlights three silver ETFs investors can check out.
They are the ProShares Ultra Silver (AGQ), the ETFMG Prime Junior Silver Miners ETF (SILJ), and the Aberdeen Standard Physical Silver Shares ETF (SIVR).
They were selected for their top one-year performance and technical indicators.
ProShares Ultra Silver (AGQ)
The AGQ focuses on short-term movement in the price of silver using futures contracts. The ETF currently oversees about $1.78 billion in assets and charges an expense ratio of 0.95%.
The ETF’s price has climbed about 129% over the last 12 months. The summary of all indicators under the AGQ ETF Technical Analysis page shows that this ETF is a Buy based on five Bearish, four Neutral, and 11 Bullish signals logged over the past month.
ETFMG Prime Junior Silver Miners ETF (SILJ)
SILJ focuses on junior miners to provide investors with exposure to the silver mining sector. These junior miners are companies with smaller market capitalization that primarily engage in the exploration and development of new silver resources.
The ETF currently oversees about $4.03 billion in assets under management at an annual expense ratio of 0.69%.
SILJ’s price has gained over 111% over the last one year. The summary of all indicators under the SILJ ETF Technical Analysis page shows that this ETF is a Buy based on three Bearish, six Neutral, and 11 Bullish signals posted over the past four weeks.
Aberdeen Standard Physical Silver Shares ETF (SIVR)
SIVR provides investors with exposure to silver through the spot market and holds a large pool of the precious metal. The ETF currently oversees about $4.84 billion in assets at a low 0.30% fee.
The ETF’s price has grown about 106% over the last one year. The summary of all indicators under the SIVR ETF Technical Analysis page suggests that this ETF is a Buy based on four Bearish, five Neutral, and 11 Bullish signals posted over the past month.
Conclusion
The ProShares Ultra Silver (AGQ) leads the trio in terms of one-year returns and shares similar technical signals. However, the Aberdeen Standard Physical Silver Shares ETF (SIVR) offers the lowest fee and has also seen significant gains over the 12 months.