Sprott Asset Management launches silver miners and physical silver ETF
Tweet
Share
E-mail(Reuters) - 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. [GOL/]
(Reporting by Noel John in Bengaluru; Editing by Jan Harvey)
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- US, China arm for space warfare: hunter satellites and orbital weapons
- EU to work on further sanctions against Russian individuals, Germany says
- Analysis-How Japan's bond rout is turning the tide of global capital
Create E-mail Alert Related Categories
ReutersSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
