The sale of ETFs is subject to an activity assessment fee (from $0.01 to $0.03 per $1,000 of principal). Free commission offer applies to online purchases of select iShares ETFs in a Fidelity account. Investing involves risk, including possible loss of principal.īefore engaging Fidelity or any broker-dealer, you should evaluate the overall fees and charges of the firm as well as the services provided. Read the prospectus carefully before investing. This and other information can be found in the Funds' prospectuses or, if available, the summary prospectuses, which may be obtained by visiting the iShares ETF and BlackRock Fund prospectus pages. Visit FidelityĬarefully consider the Funds' investment objectives, risk factors, and charges and expenses before investing. ![]() All iShares ETFs trade commission free online through Fidelity. Even Silver Wheaton (NYSE: SLW), which is a silver streaming company, doesn't always match up with silver's moves perfectly.IShares funds are available through online brokerage firms. Silver miners Hecla Mining (NYSE: HL) and Pan American Silver (Nasdaq: PAAS) are just a couple of the companies that produce silver, but when they run into production difficulties or face other obstacles, their share prices can move in much different directions than silver bullion. Although coin dealers sell silver bullion, its relative bulk compared to similar dollar amounts of gold makes silver more costly to ship and more cumbersome to store. Still, the company owns more than 9,800 tons of silver, or roughly 316 million ounces.īefore the ETF came out, investing in silver was even more difficult than investing in gold. The impact of expenses has now reduced that ounce by about 3%. When it first came out, each share was backed by an ounce of silver. Like SPDR Gold, iShares Silver follows a simple concept. Moreover, silver's abundance makes it far more cost-effective to use for industrial purposes than other precious metals, while also making it appealing to investors looking to make more modest precious-metals investments. Not only is it used in coinage and jewelry, but you'll also find it in a number of industrial processes ranging from photography to mirrors and electrical conduction. Yet although gold has historically served a monetary role for people trying to preserve wealth, silver has a much wider appeal. Why buy iShares Silver? As we noted last week in our look at SPDR Gold (NYSE: GLD), commodity ETFs were a natural offshoot from original ETFs that focused on stocks. ![]() Today, I'd like to focus on the iShares Silver Trust (NYSE: SLV), a bullion ETF that has capitalized on the decade-long explosion in precious metals. ETFs have skyrocketed in popularity, but it's important to understand exactly what you're getting when you buy an ETF. This month, we're reaching out to millions of investors to help guide them in their quest toward financial knowledge and independence.Īlong those lines, I'm planning to take a look at many of the most popular exchange-traded funds in the market today. The Motley Fool has helped ordinary people become better investors for nearly two decades.
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