(Reuters) – Sprott Asset Administration LP on Wednesday launched its silver miners and bodily silver exchange-traded fund, the newest addition to its vital supplies ETFs.
The Sprott Silver Miners & Bodily Silver ETF goals to trace the efficiency of the Nasdaq Sprott Silver Miners Index by investing at the very least 80% of its whole property within the index’s securities, the corporate mentioned.
The index consists of securities of silver producers, builders and explorers, in addition to bodily silver.
“We imagine silver and its miners have vital funding potential, as silver is each a valuable steel and an industrial steel vital to new vitality,” the corporate’s CEO John Ciampaglia mentioned.
Spot silver was up greater than 1% at $30.3 per ounce on Wednesday after ending 2024 21.5% greater. [GOL/]