Sprott asset Management launched a new ETF focused specifically on pure-play exposure to silver miners and physical silver this week. The move adds to Sprott’s existing suite of precious metals and materials-focused funds in areas like gold, lithium, and uranium. Per the firm’s press release, the fund stands out as the “only” ETF focused on that pure-play silver miners and physical silver exposure.
The Sprott Silver Miners & Physical Silver ETF (SLVR ) aims to match the performance of the Nasdaq Sprott Silver Miners™ Index. The silver and silver miners ETF will invest at least 80% of its assets in the securities therein, with the index aiming to track the performance of the silver industry including producers, developers, and explorers, as well as silver itself. The ETF arrives listed on the Nasdaq.
A New Silver and Silver Miners ETF
“Silver is one of the world’s best-known precious metals, and we believe it’s positioned to perform well in today’s market,” said John Ciampaglia, CEO. “In addition, demand for silver is growing in applications ranging from clean technology and solar energy to the automotive and healthcare industries.”
“We believe silver and its miners have significant investment potential, as silver is both a precious metal and an industrial metal critical to new energy,” he added.
SLVR joins other ETFs from the firm like the Sprott Uranium Miners ETF (URNM ). URNM, the firm’s largest fund, holds just under $1.5 billion in AUM. Sprott also offers miners ETFs focused on nickel, copper, lithium, and gold. The firm also operates ETFs focused on “junior” miners, focused on small cap firms in each metal space.
SLVR’s approach to commodities could make it an intriguing offering this year. The silver and silver miners ETF could provide exposure to tech from that commodity space. For those looking for silver, the silver miners ETF will likely be a strong candidate to consider moving forward.
For more news, information, and analysis, visit the Gold/Silver/Critical Minerals Channel.
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Past performance is no guarantee of future results. One cannot invest directly in an index. Funds that emphasize investments in small/mid-cap companies will generally experience greater price volatility. Diversification does not eliminate the risk of investment losses. ETFs are considered to have continuous liquidity because they allow an individual to trade throughout the day. A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses, affect the Fund’s performance.
Sprott Asset Management USA, Inc. is the Investment Adviser to the ETFs. ALPS Distributors, Inc. is the Distributor for the ETFs and is a registered broker-dealer and FINRA Member. ALPS Distributors, Inc. is not affiliated with Sprott Asset Management USA, Inc. or VettaFi.
Exchange Traded Funds (ETFs): SETM, LITP, URNM, URNJ, COPP, COPJ, NIKL, SGDM and SGDJ
