As for modern times, silver prices were stagnant for decades before exploding upward the last few years. A huge gain in silver, along with a similar move in gold, is causing many investors to revisit precious metals……..
…….#3 – iShares Silver Trust (SLV)
As you know, we like exchange traded funds. ETFs usually consist of stocks in a given industry. iShares Silver Trust ETF is somewhat unique in that it tracks an underlying commodity. SLV tracks closely with spot silver prices. SLV is a trust that that actually owns the underlying silver bullion, hence the name “Silver Trust”. You can purchase SLV in any stock brokerage account.
#4 – ProShares Ultra Silver (AGQ)
We first told you about ProShares Ultra Silver last December. AGQ attempts to deliver twice the daily performance of silver bullion – or 200%. Bear in mind, AGQ is rebalanced every day, so the leverage is not exactly like buying two times the silver bullion. If you think silver is moving up, AGQ could be the ETF for you. But watch that leverage – it works both ways.