The business
A physically backed silver trust: shares track the silver price less fees. It holds metal, not mining companies, and pays no dividend.
FINANCIAL OVERVIEW
What it is and why we own it.
Role in the portfolio
Higher-volatility metals exposure. Silver combines monetary-metal behaviour with industrial demand (solar, electronics), so it tends to move more than gold in both directions.
What drives the numbers
- The gold-to-silver ratio
- Industrial demand, particularly solar and electronics
- US real rates and the dollar
- Physical market surplus or deficit estimates
Key risks
- Much higher price volatility than gold
- Industrial demand weakens in a recession
- No income
CHART
Price and technical analysis.
Charts and market data by TradingView
Technical summary
Charts and market data by TradingView