Why the silver ETF will send prices soaring

The promise of a new silver exchange-traded fund is fuelling a surge in the metal price. But approval of the ETF will send it even higher.

Silver is in a secular bull market, says David Fuller on Fullermoney last week, the metal closed at more than $10 per ounce for the first time since 1983.

The 22-year high was caused by speculation that the Securities & Exchange Commission (SEC) would finally give the go-ahead to a silver exchange traded fund (ETF).

Subscribe to MoneyWeek

Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Get 6 issues free
https://cdn.mos.cms.futurecdn.net/flexiimages/mw70aro6gl1676370748.jpg

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

Sign up
Annunziata Rees-Mogg

Annunziata was a deputy editor at MoneyWeek, covering financial markets, politics, economics and comment pieces. She then went on to the Daily Telegraph as a lead writer where she wrote a column on young women’s financial issues. She was briefly a member of the European Parliament for the East Midlands region in the UK as part of the Conservative Party.  Annunziata continues to write  as a freelance journalist.