ETFs Ride on Decade-High Silver Prices: Will the Rally Last? - Yahoo Finance

Silver broke $30 per ounce for the first time in decades, bolstered by fresh bets on Fed rate cuts following cooling inflation data. A projected fourth annual market deficit, increased industrial demand, rising geopolitical tension and uncertainties ahead of general elections in major economies added to the strength. Notably, the white metal is one of the best-performing major commodities so far this year, having risen 32% and outperforming gold.Silver miners also spiked as these are the biggest beneficiaries of a surge in silver prices. These act as a leveraged play on underlying metal prices and thus tend to experience more gains than their bullion cousins in a rising metal market.That being said, we have highlighted five ETFs ...

Yahoo     May 20, 2024