Silver's Bull Run Isn't Over Yet: ETFs to Play the Surge

Core Insights - Silver prices have surged significantly, gaining approximately 96.03% year to date and 13.6% in November, outperforming gold which has increased by 62.02% year to date [1][2] Supply and Demand Dynamics - Experts indicate that silver prices have reached record highs this year, with a tightening supply backdrop suggesting potential for further increases [2] - Industrial demand for silver is projected to rise, with an increase to 689.1 million ounces in 2024 from 644 million in 2023 [8] - Solar panel usage has significantly contributed to silver demand, accounting for 243.7 million ounces, which is over 158% higher than 94.4 million ounces in 2020 [9] Economic Factors - The U.S. Dollar Index (DXY) has decreased by 0.56% over the past five days and 8.52% year to date, which can enhance global demand for silver as it becomes more affordable for foreign buyers [4] - Anticipated interest rate cuts by the Federal Reserve, with an 87.6% probability for the December meeting, are expected to weaken the U.S. dollar, further supporting silver prices [5] Industrial Applications - Silver is essential in various industries, including medical equipment, electronics, and clean energy solutions, due to its unique properties [6][7] - The increasing industrial demand, combined with limited mined output, supports a bullish outlook for silver [8] Investment Opportunities - Several silver ETFs have shown strong performance, with iShares Silver Trust (SLV) gaining 59.17% year to date and Amplify Junior Silver Miners ETF (SILJ) increasing by 132.57% year to date [11][12][13]