Sprott Asset Management launches silver miners and physical silver ETF
Sprott Asset Management LP on Wednesday launched its silver miners and physical silver exchange-traded fund, the latest addition to its critical materials ETFs.
The Sprott Silver Miners & Physical Silver ETF aims to track the performance of the Nasdaq Sprott Silver Miners Index by investing at least 80% of its total assets in the index’s securities, the company said.
The index includes securities of silver producers, developers and explorers, as well as physical silver.
“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,” the company’s CEO John Ciampaglia said.
Spot silver was up more than 1% at $30.3 per ounce on Wednesday after ending 2024 21.5% higher.
(By Noel John; Editing by Jan Harvey)
Read More: Silver’s time to shine is here – get ready
More News
Canada initiates WTO dispute complaint on US steel, aluminum duties
The move follows a separate request on March 5 for consultations with the US after Trump's new 25% tariffs on imports from Canada and Mexico took effect,
March 13, 2025 | 02:02 pm
Infographic: Tesla’s wild ride from surge to slump
Elon Musk’s political influence once boosted Tesla’s stock—but is it now weighing it down?
March 13, 2025 | 09:45 am
{{ commodity.name }}
{{ post.title }}
{{ post.excerpt }}
{{ post.date }}
Comments