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Best Silver ETF UK – Compare Top ETFs 2021

Investing in precious metals like silver offers an excellent way to not only protect your funds from devaluation, but also to hedge against the stock market.

In this guide, we will help you find the best silver ETF UK, see how the price of silver behaves, and see what makes this asset class a good investment choice in 2021.

Best Silver ETF UK 2021 List

If you don’t wish to spend much time looking for the best silver ETF UK, you might consider several options that we can recommend. If anything looks interesting, keep reading, as we will talk about each of these options in detail, later on.

  1. iShares Silver Trust ETF — The Best Overall – Invest Now
  2. Aberdeen Standard Physical Silver Share ETF — Among the Best Silver ETFs UK – Invest Now
  3. Global X Silver Miners ETF — Among the Best Silver Mining ETFs – Invest Now
  4. iShares MSCI Global Silver and Metals Miners ETF — Top-ranking ETF
  5. ETFMG Prime Junior Silver Miners ETF — Excellent ETF for UK investors
  6. Invesco DB Silver Fund — The Best Silver ETF for UK investors who wish to diversify their portfolio
  7. WisdomTree Physical Silver — The Best Silver ETF Fund
  8. Sprott Physical Silver Trust — The Best Silver ETF Trust
  9. ProShares Ultra Silver — Another Best Silver ETF UK
  10. Pan American Silver Corp — An Excellent Choice of a Silver ETF

Best Silver ETFs UK Reviewed

We spent a lot of time researching the best silver ETF UK for 2021, trying to find the top choices.

There were plenty of different factors that we looked into to make sure that our suggestions will bring you to the best silver ETF for UK investors, such as:

  • The type of silver ETF
  • Whether the ETF is backed by physical silver
  • The ETF provider’s reputation and financial standing
  • Stock exchanges that silver ETF is listed on
  • How much the best silver ETFs UK charge in annual fees
  • What is the minimum amount that you need to invest in the best silver ETF UK

After researching all of this, we came up with the following providers.

1) iShares Silver Trust ETF – The Best Overall Silver ETF

ishares silver etf price chart

iShares Silver Trust ETF (SLV) is likely the most sought-after and the most popular silver ETF in the industry, with none other being even close to its quality and popularity. This is the largest silver ETF, it was launched back in 2006, and it holds over 600 million ounces of physical silver in its vaults.

The vaults themselves are located in the US and UK, specifically, England. As such, iShares Silver Trust ETF definitely backs each of its silver shares with physical silver, and investing in it is much better than having to buy and store entire silver bullion.

In terms of its price, SLV has been performing excellently ever since its price crashed in March 2020 due to COVID-19 fears. On March 15th, the price was only $11.65. By August of the same year, it skyrocketed to $26.09. After that, it saw some fluctuations. For example, it corrected to around $21, only to climb again in 2021, and at the time of writing (March 20th, 2021) it sits at $24.31.

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2) Aberdeen Standard Physical Silver Share ETF – Among the Best Silver ETFs UK

aberdeen standard price chart silver

Next on the list of the best silver ETFs UK is the Aberdeen Standard Physical Silver Share ETF. It is another very affordable physically-backed silver ETH, whose fees are 20 basis points lower than iShares’ ETFs offering, where 1 basis point is one-hundredth of 1%. As such, it is less expensive, but other than that, there is little difference between the two.

As mentioned, both are backed by physical silver, with Aberdeen’s silver being kept in London vaults in the form of bullion bars. It is also worth mentioning that SIVR shares represent an interest in silver, minus the expenses of the fund. Lastly, both ETFs track silver rather closely, with near-identical charts. SLV is simply more popular due to the first-mover advantage, as it is significantly older, and it has significantly better liquidity.

As mentioned, the fund has performed similarly to SLV, with a crash in March, and then a surge that ended in early August 2020. After that, it has been trading sideways with some fluctuations, mostly sticking to the price of $25. In the future, the two will likely continue to mirror one another.

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3) Global X Silver Miners ETF – Among the Best Silver Mining ETFs

global x silver miners price chartNext up, there is Global X Silver Miners ETF, which doesn’t actually invest in silver itself. Instead, it invests in companies that mine silver out of the ground. As such, it falls under the category of mining stocks, and one thing that you should know about them is that they extract silver ore and process it. The important part is that they do it at a much lower price than what they sell the silver for. As such, these firms produce profit, and owning silver mining stocks that have high profit and low production costs can be very beneficial, especially when the silver price rises.

Global X Silver Miners ETF has been around for over 10 years, and it has over 40 companies that are involved in mining. Not all of them actually mine physical silver — many only hold royalty or do some other type of work, but they are all connected to mining in some way. Lastly, understand that there is quite a bit of silver volatility involved with silver mining, so if you are after price diversification, this can be good or bad, depending on whether or not you know how to exploit it. But, overall, it is one of the best commodity ETFs out there.

Last March, the shares dipped due to coronavirus pandemic, only to see a sharp recovery that took them to $50 per share. At the time of writing, the share price is below this level, at $42.8.

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4) iShares MSCI Global Silver and Metals Miners ETF – Top Ranking ETF

ishares msci silver etf price chartWhile we are on the topic of the best silver mining ETFs, we can’t not mention iShares MSCI Global Silver and Metals Miners ETF, which is also one of the better choices when it comes to investing in silver shares. SLVP offers a less expensive option for those interested in buying the shares of silver mining firms.

It has an interest in firms that mine other metals, as well, but the fund’s tracking index starts each rebalancing by tracking firms that mine primarily silver. Only after that does it seek firms that work with gold and other metals. After that, it limits the weight of gold and mid-cap gold firms to 5% of their market cap. After that, it caps the issuers that weigh at 25%, and then it makes sure that all issuers with a weight greater than 5% do not get a chance to combine and go over 50% of the entire weight of the fund.

It is a different approach but still offers good enough silver-mining exposure. Plus, it is 27 basis points cheaper than the fund offered by Global X, so it brings that to the table, as well. The company has around $251 million in assets under management.

Price-wise, the ETF is doing rather well, currently sitting at $16 and trading in the green. It has recovered by $10 from the dip in March 2020, and it mostly goes up and down between $15 and $17, so there is plenty of opportunities to earn by exploiting volatility.

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5) ETFMG Prime Junior Silver Miners ETF – Excellent ETF for UK investors

ETFMG silver miners etf price chartAnother great way to invest in the best ETFs for UK investors would be to go for junior miners, and ETFMG Prime Junior Silver Miners ETF would be the best choice there. If you were wondering what junior silver miners ETF is — it is another one of the best silver mining ETFs, only for a different type of company. You see, silver mining firms are just what you may expect them to be — major mining companies with mining machines and miners.

Junior miners, on the other hand, are teams of people that help point major mining firms in the right direction. Essentially, their job is to find new silver deposits and determine whether or not it is worth digging it up. It is a high-risk investment, high-reward business, but ETFMG Prime Junior Silver Miners ETF, or SILJ, has the advantage of being the first and only ETF that targets small-cap silver miners. It holds some more than decent smaller players, but it also invests in traditional silver miners, too. It has been around for almost a decade, which is proof enough that the company knows what it is doing. Furthermore, while its price is not exactly near its ATH, it is not that far away either, only around $6. At the time of writing, its share price is $15.60 — higher than ever in the last four years.

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6) Invesco DB Silver Fund (DBS) – The Best Silver ETF for UK investors

invesco silver fund price chartInvesco DB Silver Fund is easily one of the best silver ETF fund investments that you can find, with 1-year trailing total returns sitting at 58%, and an expense ratio of 0.75%. It holds roughly $30 million in assets under management, and it has been around for about 14 years, now. It is structured as a commodity pool, and it tracks the DBIQ Optimum Yield Silver Index Excess Return, which aims to track the price of silver derivatives, primarily futures.

In terms of price, the fund has seen a major impact due to the coronavirus pandemic, like the others before it. However, also like the others, it recovered, soared to impressive heights, and then corrected somewhat, still ending up significantly higher than before the pandemic has struck. At the time of writing, it sits at $36.8, with a 0.85% increase in the past 24 hours.

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7) WisdomTree Physical Silver – The Best Silver ETF Fund

wisdomtree silver etf price chartWisdomTree Physical Silver is one of the largest ETFs on the market, and one of the oldest ones, as well. Known as PHAG, it is designed to offer security holders a fairly simple and cost-efficient way to access the silver market. The total expense ratio amounts to around $0.49, and it is very large, with over 2.1 million EUR in assets under management. It is physically backed, and it has seen relatively decent price stability as of late.

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8) Sprott Physical Silver Trust – The Best Silver ETF Trust

sprott silver trust price chartUp next, there is Sprott Physical Silver Trust, which has actually seen a massive price increase after March 2020. Before that, its price did not perform particularly well, mostly sitting at $6 on average for several years. Following the March crash, the price surged to $10, then corrected to $8.16, only to grow again to $9.41 at the time of writing. All in all, it has been performing rather well, and it is at its highest point in over 7 years now, and with more than 11 years since launch.

It works as a closed-end mutual funds trust, and it intends to invest primarily in long-term holdings of fully-allocated, unencumbered physical silver bullions. It does not speculate in regard to short-term changes in the silver price, and as such, it is a good choice for those who plan to invest in the long-term.

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9) ProShares Ultra Silver – Another Best Silver ETF UK

Up next, we have ProShares Ultra Silver, which is currently quite high, sitting at around $47.5. While it did go higher in September 2020, when it hit $63, this was the highest price that the asset has seen in over 5 years. Previously, it climbed to similar heights in 2016, but between then and September 2020, it spent most of the time much lower.

Unlike our previous entry, ProShares Ultra Silver seeks daily investment results, before fees and expenses. As such, it is the best silver ETF fund for short-term investments, if you are ready to dedicate time and effort to earning from short-term changes. But, those who like to invest in the long-term are likely to also find quite a few opportunities here.

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10) Pan American Silver Corp – An Excellent Choice of a Silver ETF

Lastly, we have PAAS — Pan American Silver Corp, which has seen quite a bit of volatility since it recovered from a price drop last March. From August 2020 onwards, the price has seen significant fluctuations, constantly going between $30 and $37.5, which provided quite a lot of opportunities for short-term traders interested in this product.

The company itself is engaged in the production and sale of silver, but also other metals, such as gold, copper, zinc, and lead. Still, silver remains its primary product, and it is produced in multiple countries of South America and Mexico.

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Are Silver ETFs a Good Investment?

With the list of the best silver ETF for UK investors out of the way, it might be worth discussing whether or not they are actually a good investment. In the end, it all comes down to every individual investor and their preference. For some people — most, even — silver ETFs might be riskier than what they believe them to be. Some would say that it is better to own physical metal than to simply own ETF shares that use it as an underlying asset.

However, there are benefits to investing in silver, or silver ETFs, in this case. For example, it is much cheaper. It can function as a store of value and a hedge against currency fluctuation. There are numerous industrial applications of silver, so it won’t go out of use and lose value. There is a growing demand while the supply seems to be declining — silver mine production has been dropping for several years in a row now, and more.

All of this indicates that silver price can only go up due to scarcity and large appliances. While there are no guarantees, there are indications that can be used to predict what might happen to it. However, it should be noted that silver is more volatile than gold ETFs, but also more liquid.

Best Silver ETF UK investment Platforms 2021

The next thing that we need to discuss is the best silver ETFs UK investment platforms and investment apps. As you can imagine, trading has become quite big over the last decade, and there are plenty of platforms to choose from. But, since they are not all equal, there are things that you need to look for when choosing a stock broker when you want to invest in commodities. For starters, you must ensure that it actually supports your preferred silver ETF, and check out its fees, as they can be surprisingly high in some situations.

1) eToro – Overall Best Silver ETF Investment Platform UK

Best biotech stocks UK available on eToroThe top platform we can recommend is eToro, which is extremely rich with excellent features. Let’s start by saying that it is an FCA-regulated brokerage website that has over 17 million users and is our top recommended broker to buy shares, offering a range of over 2400 across 17 markets. Aside from Silver ETFs, eToro also provides access to the best technology ETFs, oil ETFs, Vanguard, and iShares ETFs to name but a few.

It attracts investors from around the world due to the ease of use, where buying and selling assets can be done in no more than a few clicks. Its prices are very competitive, and best of all — it has zero-commission stocks and ETFs.

On top of that, eToro offers social trading, so anyone can copy other investors and traders that they feel confident about, which is not only a way to use experts who can help you profit, but also a decent method of learning how to handle the market in all kinds of different situations for yourself.

And even more than that, eToro also accepts PayPal deposits, and since PayPal has grown to be one of the most common ways of sending and receiving money online, this is likely to be one of the preferred methods for UK traders and investors.

eToro doesn’t even require you to spend massive amounts of money, since the minimum ETF investment is only $50. This makes it available to pretty much everyone. In addition, it also lets you keep track of the market very easily, as well as of your investments. You can create customized watchlists, choose from a variety of assets, and much, much more.

Pros:

  • eToro is very user-friendly
  • It doesn’t charge fees
  • It offers a variety of assets other than ETFs, including stocks, commodities, forex, crypto, etc.
  • There are more than 150 ETFs listed on the platform
  • It doesn’t only accept debit and credit cards, but also PayPal
  • It is one of the best platforms for social and copy trading
  • Registered and licensed by the UK regulators.

Cons:

  • Advanced traders consider it to be too simple due to the lack of advanced tools
  • No ISAs or SIPPs

67% of retail investors lose money trading CFDs at this site

2) Capital.com – Best CFD Broker to Trade Silver ETFs

Another great platform for the best silver mining ETFs and best silver ETF fund trading is Capital.com. Essentially, this is a popular CFD trading platform that doesn’t allow investments in silver in the same way as eToro, but instead, it lets you speculate on the future price of ETFs.

This way, you get to make a profit even if the silver ETF prices start dropping, as all it matters is that you get the future price right. Depending on what you expect to happen, you can go long or short. You can also trade with leverage, which means that you can enter a trade with more money than you have. This extra money is borrowed from the platform, and it can significantly boost your profits. Be warned, however, that it also comes with great risks, as your room for making a mistake gets smaller with the higher leverage.

Lastly, it has a very competitive spread, which is the difference between the highest bid and the lowest ask.

Pros:

  • It is very user-friendly
  • It offers tight spreads
  • You can trade with leverage
  • You can make money even when the silver price is dropping
  • It has a good analysis and charting
  • The minimum deposit is only 20 GBP
  • You don’t have to pay fees while trading

Cons:

  • You can’t build custom trading strategies
  • It is only for CFDs

71.2% of retail investors lose money trading CFDs at this site

How to Buy the Best Silver ETFs UK

The last thing to explain is how you can buy the best silver ETFs. The process is very simple, and we can teach it to you in only a few steps. We will use the eToro platform in our example, but the process is more or less the same on most platforms of this kind.

Step 1: Open an account and verify your identity

First, you need to go to eToro website and open an account.

Go to eToro website

67% of retail investors lose money trading CFDs at this site

This is a pretty standard and simple procedure, and you don’t even have to bother with making the whole account from scratch, as you can simply log in via Facebook or Google.

Step 2: Verify your identity

The next step is identity confirmation, which revolves around you uploading some official document that will confirm that you are who you say you are. The easiest thing to do is to just use your driver’s license or passport. On top of that, eToro will also need you to upload a utility bill or some recently issued bank statement in order to confirm your address, as well.

You can delay the upload of these documents, but you will be limited to deposits and withdrawals, only being able to use $2,250.

Step 3: Make a deposit

The third step is also very simple and straightforward — you must make a deposit that you will use to invest in silver ETFs. eToro lets you use a variety of approaches to this, including:

  • Credit card
  • Debit card
  • Paypal
  • Skrill
  • Neteller
  • UK Bank Transfer

So, just pick what is the easiest for you and get some money onto the platform.

Step 4: Search for Silver ETF

etoro search bar

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Alternatively, you can go to Trade Markets button and select ETFs, which will show you all ETFs on the platform. However, if you have a specific ETF in mind, this is the quickest way of finding it.

Step 5: Place an order

Next, you will want to place an order on your chosen ETF. Simply enter your stake — which needs to be at least $50 — and that’s it.

Conclusion

So, if you are interested in the best silver mining ETFs, or any other silver ETFs, you can definitely reach plenty of them on platforms like eToro, which are commission-free and very easy to use, and make a profit off of them. Even if their prices are trading in the red, you can still make money through ETF derivatives. ETFs themselves are great because you don’t have to worry about transporting actual silver or storing it, securing it, and alike. You get to only own a contract that can make you money if you make the right moves.

eToro – Buy the Best Silver ETFs UK with 0% Commission

67% of retail investors lose money trading CFDs at this site

FAQs

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About aliraza PRO INVESTOR

A journalist, with experience in web journalism and marketing. Ali holds a master's degree in finance and enjoys writing about cryptocurrencies and fintech. Ali’s work has been published on a number of cryptocurrency publications e.g. Insidebitcoins.com, Cryptovibes.com, LearnBonds.com, Bitcoinist, and NewsBTC.

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