Silver Miners ETF
Investing on a global scale in a silver miners ETF. The price of silver is always moving in the same directions as that of gold. But if the price of gold goes down the price of silver goes down harder. The opposite is also true, whenever the price of gold goes up, silver goes up faster.
Of course the stocks of silver mines also follow the prices of that what they are mining. But share prices of mines tend to rise or go down more. If the silver price reaches a point below the break-even point of a silver mine then the mine is losing money.
The silver in the grounds is worth nothing for the mine, but when prices go up and the silver mine is making a profit all this silver in the ground is gaining more and more worth.
This silver miners ETF will skyrocket and the fact that we are talking about silver (which always rises faster) the price explosion will be enormous. Returns of more than 500% in a few year are entirely possible.
But be aware that things can also go the other way around leaving you with a big loss. But whenever that would happen there is really not too much to worry, you just have to wait it out until prices go up again.
iShares MSCI Global Silver Miners ETF
This iShares silver miners ETF is fairly speculative. The iShares silver miners ETF is following the MSCI ACWI Select Silver Miners Investable Market Index. In total about 30 mines are included.
Most silver mines are located in Canada which is weighed at 60% in this silver miners ETF. The UK comes in second with a 13% share just ahead of US mines with a share of 10% in this ETF. All in all you will get some very stable western mining companies in picking this silver miners ETF.
All my transactions older than 1 month FOR FREE: Click here
iShares MSCI Global Silver Miners ETF info:
ETF provider: iShares (BlackRock)
Ticker: SLVP
ISIN: US4642863272
Currency: Dollar
Exchange: NYSE Arca