Silver ETF (SIVR) Hits New 52-Week High

For investors seeking momentum, abrdn Physical Silver Shares ETF SIVR is probably on the radar. The fund just hit a 52-week high and has moved up 38% from its 52-week low of $25.41 per share. Are more gains in store for this ETF? Let us take a quick look at the fund and the near-term outlook on it to get a better idea of where it might be headed:SIVR in Focusabrdn Physical Silver Shares ETF tracks the performance of the price of silver less the Trust expenses. It has an expense ratio of 0.30% (see: all the Precious Metals ETFs here).Why the Move?Silver has been an area to watch lately, given the surge in the metal’s price. Silver is poised for a potential record-breaking surge, surpassing $36 per ounce for the first time in 13 years. The rally comes amid a weakening U.S. dollar, persistent supply deficit, heightened global trade uncertainty and rising interest in precious metals as geopolitical and economic hedges.More Gains Ahead?Currently, SIVR has a Zacks ETF Rank #3 (Hold), with a Medium risk outlook. Therefore, it is hard to get a handle on its future returns one way or the other. However, a weighted alpha of 28.80 and a 20-day volatility of 27.98% show that there is still some promise for risk-aggressive investors who want to ride on this surging ETF. Want key ETF info delivered straight to your inbox?Zacks’ free Fund Newsletter will brief you on top news and analysis, as well as top-performing ETFs, each week.Get it free >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report abrdn Physical Silver Shares ETF (SIVR): ETF Research ReportsThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks