It has been 34 days since the start of the U.S.-Israel-Iran war. The price of silver (XAGUSD) has declined by over 16%, dragging down several exchange-traded funds (ETFs) tied to the shiny metal amid soaring oil prices and fears of global inflation.
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The pullback also signals a new dip-buying window, even as some analysts see silver’s price approaching triple digits before the end of the year. To help investors position for a potential rebound, this article draws on the TipRanks Best Silver ETFs tool to spotlight three silver ETFs that investors can consider.
ProShares Ultra Silver (AGQ)
AGQ uses short-term futures contracts to benefit from movements in silver’s price. This way, it provides investors with indirect exposure to the precious metal market. The fund currently has about $1.66 billion under management and has an expense ratio of 0.95%.
AGQ’s price has plunged by over 46% over the past month but has climbed by 130% over the last 12 months. The summary of all indicators under the AGQ ETF Technical Analysis page indicates that this ETF is a Buy based on three Bearish, five Neutral, and 12 Bullish signals entered over the past month.
ETFMG Prime Junior Silver Miners ETF (SILJ)
SILJ takes a different approach to capturing silver-related returns for investors. The ETF targets junior miners or small-cap companies that specialize in the exploration and development of silver deposits.
The fund currently oversees about $3.80 billion in assets under management at an annual expense ratio of 0.69%. SILJ has tumbled over 32% over the past four weeks but gained roughly 129% over the last 12 months.
The summary of all indicators under the SILJ ETF Technical Analysis page shows that this ETF is a Buy based on three Bearish, four Neutral, and 13 Bullish signals posted over the past four weeks.
iShares Silver Trust (SLV)
SLV is the first silver ETF to be launched in the U.S. and remains the most actively traded silver exchange-traded fund globally. The fund offers investors deep liquidity backed by physical silver bars stored in vaults.
With almost $35 billion currently under its management, SLV is by far the biggest of the trio of funds spotlighted in this article. Managers charge a 0.50% annual fee for their management services.
SLV’s price has declined by more than 16% over the past month but has grown by about 122% over the past year.
Meanwhile, the summary of all indicators under the SLV ETF Technical Analysis page shows that this ETF is a Buy based on five Bearish, three Neutral, and 12 Bullish signals logged over the past month.
Final Takeaway
The iShares Silver Trust (SLV) appears to be the best vehicle to buy the dip. The fund offers deep liquidity, has the cheapest expense ratio of the trio, and has seen similar performance over the past year.