Silver stocks lit up the tape on Tuesday following reports the U.S. and Iran may resume peace negotiations. This comes even as the U.S. blockade of Iranian ports raised concerns that a resolution to the conflict may be further off the horizon.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Silver’s spot price (XAGUSD) rose by about 5% to $79.50 in the afternoon.
Silver ETFs Soar on Possible Iran Peace Talks
As of 3:48 p.m. EST:
- The iShares Silver Trust ETF (SLV), which is the world’s largest and most actively traded silver exchange-traded fund (ETF), jumped by 5.33% to $71.93.
- However, the ProShares Ultra Silver ETF (AGQ), which relies on short-term futures contracts to capture gains from changes in silver’s price, led the pack. AGQ surged by 10.51% to $131.83, according to TipRanks’ Best Silver ETFs tool.
Other leading silver ETFs also climbed following the development:
- The Aberdeen Standard Physical Silver Shares ETF (SIVR), which holds a sizable reserve of physical silver and gives investors direct spot-market exposure to the noble metal, also climbed by over 5% to hit $75.64.
- The ETFMG Prime Junior Silver Miners ETF (SILJ), which focuses on junior mining companies that explore and develop silver deposits, rose by about 3% to reach $32.59. The fund recorded the smallest gain of the four.
Silver in Spotlight amid U.S.-Israel-Iran War
The moves come as silver ETFs have taken a heavy hit on price in the ongoing U.S.-Israel-Iran war, defying their safe-haven logic.
The ETF stocks caught a break last week after the U.S. and Iran first agreed to a two-week ceasefire deal. However, the arrangement is now on shaky ground following the U.S. military’s naval blockade of Iran’s ports.
What Is the Best Silver ETF to Buy?
According to TipRanks’ Best Silver ETFs tool, analysts on Wall Street consider the ETFMG Prime Junior Silver Miners ETF (SILJ) a Moderate Buy.
This comes with an average price target of $41.25 that implies about 26% upside.


