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.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
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.
-
Saba Capital and Boaz Weinstein respond to investment trustsAs investment trust managers and industry experts accuse Saba of self-motivated opportunism, the hedge fund responds to specific "misleading claims" and sets out its stall
-
How to find top-quality companies with growing dividendsIan Mortimer, portfolio manager of Guinness Global Equity Income Fund, shares where he would put his money for sustainable and growing dividends
