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| Above, circulated Morgan silver dollars. Photo by Armand Vaquer. |
ETFs or "exchange-traded funds" are exactly as the name implies: funds that trade on exchanges, generally tracking a specific index. When you invest in an ETF, you get a bundle of assets you can buy and sell during market hours—potentially lowering your risk and exposure, while helping to diversify your portfolio.
For those who are thinking on investing in silver, either buying them from coin and bullion dealers or going through an ETF, you many want to read further.
Gold now has a spot price of over $1,900, so most people don't have the funds to afford such investments. Silver is a much cheaper alternative in these times of high inflation. The spot price for silver is currently at $23.54 per troy ounce.
Nasdaq.com posted today:
Silver has underperformed greatly in 2021 and lost moderately in 2022. However, Silver could hit a nine-year high of $30 per ounce this year and become a better performer than gold, analysts told CNBC. The last time spot silver hit $30 levels per ounce was in February 2013, according to closing price data from Refinitiv, per CNBC. Cheaper valuation of the metal will also likely to fuel the rally.
Below we highlight a few reasons that can drive silver up in 2023.
To read more, go here.
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