Investing in silver
Silver is one of the world's most traded precious metals. Today investors can gain exposure to silver through different investment products, including silver stocks, Silver ETCs and ETFs. Depending on the product, they may track the price of silver directly or provide exposure to companies operating in the silver mining industry.
What is silver?
Silver is a precious metal that has been used for centuries as a store of value, a medium of exchange and in jewellery. Today, it’s also one of the most widely used industrial metals, thanks to its high electrical and thermal conductivity.
Unlike gold, silver demand comes from both investors and industry. It’s commonly used in solar panels, semiconductors, electric vehicles and medical equipment, meaning economic activity can have a significant impact on demand.
The price of silver is influenced by several factors, including:
- Industrial demand
- Inflation expectations
- Interest rates and monetary policy
- US dollar movements
- Supply from mining and recycling
- Investor sentiment
- Geopolitical developments
Investing in silver stocks
Investing in silver stocks offers exposure to companies involved in the exploration, mining and production of silver.
Silver mining companies may benefit when silver prices rise, as higher commodity prices can potentially support revenues and profitability. At the same time, company performance is also influenced by factors such as production costs, operational efficiency and management decisions.
Investing in silver stocks can also provide access to different parts of the mining sector, from established producers to companies developing new projects. Unlike investing directly in silver, mining stocks are influenced by both the price of silver and company-specific developments.
| Company | ISIN |
|---|---|
| Newmont Corp. | US6516391066 |
| Hecla Mining Co. | US4227041062 |
| Pan American Silver Corp. | CA6979001089 |
| First Majestic Silver Corp. | CA32076V1031 |
| Endeavour Silver Corp. | CA29258Y1034 |
Risks of investing in silver stocks
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Silver mining companies are exposed to fluctuations in the price of silver, meaning a decline in silver prices may negatively affect their revenues and share prices.
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Their performance may also be affected by company-specific factors, such as production challenges, rising operating costs, project delays, environmental regulations and changes in management strategy.
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Mining companies may also face geopolitical risks depending on where they operate.
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Like all equities, silver stocks are subject to broader market risks, including changes in economic conditions and investor sentiment.
Investing in Silver ETCs
In addition to individual stocks, you can gain exposure to silver through exchange-traded products.
Silver ETCs are designed to track the performance of the underlying silver commodity. Depending on their structure, these products may provide exposure through physical silver holdings or other investment techniques.
Here are some Silver ETCs available on our platform:
| Silver ETCs | |
|---|---|
| iShares Physical Silver ETC | IE00B4NCWG09 |
| WisdomTree Physical Silver | JE00B1VS3333 |
| WisdomTree Silver 3x Daily Leveraged | XS3306516876 |
| Invesco Physical Silver | IE00B43VDT70 |
| WisdomTree Core Physical Silver | JE00BQRFDY49 |
Here are the most popular among our investors:
| ETF name | ISIN |
|---|---|
| Global X Silver Miners UCITS ETF USD Accumulating | IE000UL6CLP7 |
| Swisscanto (CH) Silver ETF EA CHF | CH0183135976 |
Investing in Silver ETFs
You can also gain exposure to silver through Silver ETFs. These products are designed to track a basket of silver-related assets, such as companies involved in silver mining and production.
Silver ETFs can provide a way to gain exposure to the silver market without directly buying and storing physical silver.
Risks of investing in Silver ETCs
Silver ETCs have a different risk profile compared to investing directly in silver stocks or physical silver.
Depending on their structure, Silver ETCs may track the price of physical silver through allocated holdings or other investment methods. As a result, performance may differ from the spot price of silver due to product structure, fees and associated costs.
Some silver ETCs use leverage or inverse strategies. These products amplify price movements and can lead to larger losses. Because their exposure is typically reset daily, their performance over longer periods may differ significantly from a multiple of the underlying commodity’s overall performance.
Depending on the product, you may also be exposed to counterparty risk.
Silver prices can be volatile and may fluctuate due to changes in industrial demand, economic growth, inflation expectations, interest rates and global market conditions.
Invest in silver
through DEGIRO
At DEGIRO, you can access silver-related investment opportunities, including silver stocks and Silver ETCs listed on international exchanges.
Through our platform, you can invest across global markets with competitive pricing and transparent fees. For more information, see our Fees page.
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Silver FAQs
You can invest in silver in several ways. You can buy shares of companies involved in silver mining and production, invest in Silver ETFs, which typically hold a basket of mining companies, or gain exposure through Silver ETCs, which are designed to track the price of silver directly.
Physical silver involves owning silver bars or coins directly, which may require storage and insurance. Silver stocks represent ownership in companies involved in silver exploration and mining. Their performance may be influenced by silver prices, company performance, broader market conditions and other factors affecting the business.
Silver prices are influenced by industrial demand, inflation expectations, interest rates, US dollar movements, mining supply, recycling activity, geopolitical developments and investor sentiment.
Silver ETFs typically provide exposure to a basket of companies involved in silver exploration, mining or production, although the investment objective and underlying assets may vary between products. Silver ETCs are generally designed to provide exposure to the price of silver and may be physically backed or use another replication method. Always check the product documentation to understand a product's investment objective, underlying assets and method of obtaining exposure.
Historically, silver has been more volatile than gold. This is partly because silver has a smaller market and a greater dependence on industrial demand, making its price more sensitive to changes in economic conditions and market sentiment.
Note:
Investing involves risks. You can lose your invested funds. This is not investment advice. Consider your knowledge and experience when making investment decisions.
Investing places your capital at risk. Read our full warning here.
