Two sparkling silver ETFs

We're big fans of silver at MoneyWeek. And one of the best ways to invest in silver is via exchange traded funds. But which one is best?

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At MoneyWeek, we are big fans of silver. One of the best ways to buy silver while keeping investing costs down is via exchange traded funds (ETFs).

But there are two listed on the London Stock Exchange, LSE:PHAG and LSE:SLVR so what's the difference between the two?

In most respects, very little. Both are managed by ETF Securities and charge a 0.49% annual fee; both can be held in an Isa or Sipp; and, above all, the performance is near identical.

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The main difference is in how each tracks the performance of silver PHAG follows the silver spot price, while SLVR tracks the price of silver futures traded on the Commercial Exchange in New York (COMEX).

PHAG probably has the edge for sterling investors ETF Securities has launched a pound-denominated version, making it the more convenient option for those buying in the UK.

Tim Bennett

Tim graduated with a history degree from Cambridge University in 1989 and, after a year of travelling, joined the financial services firm Ernst and Young in 1990, qualifying as a chartered accountant in 1994.

He then moved into financial markets training, designing and running a variety of courses at graduate level and beyond for a range of organisations including the Securities and Investment Institute and UBS. He joined MoneyWeek in 2007.

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