Silver ETF Returning 280% Says Party Not Over in Yield-Less Era

Rally in silver prices could be sustained, Fresnillo says.

by Luzi Ann Javier (Bloomberg)
Mine Web

For investors who missed silver’s 46% rally this year, it’s not too late to jump in, according to the firm behind the world’s best-performing exchange-traded fund.

The main reason for investors piling back in to precious metals this year — low interest rates — isn’t going away anytime soon, said Andrew Chanin, chief executive officer of PureFunds, whose junior silver miner ETF has delivered holders a 280% return this year.

Silver is rallying the most among major commodities this year as about $9 trillion of debt tracked by the Bloomberg Global Developed Sovereign Bond Index offer yields below zero, meaning those who buy the debt and hold to maturity stand to lose money.

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