Silver exchange-traded product


Silver exchange-traded products are exchange-traded funds, exchange-traded notes and closed-end funds that aim to track the price of silver. Silver exchange-traded products are traded on the major stock exchanges including the London and New York Stock Exchanges. The U.S Geological Survey cites the emergence of silver ETFs as a significant factor in the 2007-2011 price rise of silver. As of September 2011, the largest of these funds holds the equivalent of over one third of the world's total annual silver production.

Products

Physically backed funds

Boost provides a range of 3x commodity and equity short and leveraged ETFs. In Silver as well as Gold Boost offers 3x leveraged and short versions listed on the London Stock Exchange. The products are fully collateralized and have multiple market makers who will offer deep and liquid markets. GBP quoted versions also exist.
Each silver ETF, ETN, and CEF has a different structure outlined in its prospectus. Such instruments do not necessarily hold physical silver. For example, silver ETNs generally track the price of silver using derivatives. All exchange-traded silver instruments, including those that hold physical silver for the benefit of the investor, carry risks beyond those inherent in the precious metal itself. The most popular silver ETF has been compared with mortgage-backed securities due to its complexity.