Gold might be the investor's metal of choice, but don't count
out silver or the silver miner exchange traded fund (
). Both are dusting gold ETFs.
One of the primary reasons silver is better positioned than gold
is because of its dual uses: it's a safe-haven investment, but it's
also popular in industry.
Stocker Blog on Fav Stocks reports that
silver is used in everything from circuit boards to coinage to
dentistry to cloud seeding to medicine. For that reason, when gold
prices are rising,
are rising faster. Case in point: silver prices have shot up 8% in
the last three months, while gold prices are up 1.4% in the same
Approximately 600 million ounces of silver are mined every year,
but the demand for silver is around 900 million ounces per year. [
Mining ETFs Face Global Shifts.
The Stock Advisors on iStock Analyst reports
Silver Wheaton (NYSE:
) is a stock to watch. Silver Wheaton pays a set price for silver,
which it buys from various mines that produce silver as a
byproduct, and want to offset the costs of the other metals they
mine. Silver Wheaton's growth comes from rising silver prices and
more agreements with more mines. [
Why Silver ETFs Are More Than Poor Man's Gold.
Global X Silver Miners (NYSEArca: SIL): u
p 13.3% in the last three months; silver Wheaton is 14.6% of SIL
and its top holding
Tisha Guerrero contributed to this article.