The iShares Silver Trust (SLV) gained 132% over the last year. Shares trade around $70. This increase prompts investors to reconsider silver allocations.
SLV tracks silver bullion spot prices by holding physical metal in vaults. This provides exposure without physical ownership complexities.
Persistent inflation and high energy prices drive the silver rally. The fund gained 8.1% in the past week. It reflects an 8.8% gain year-to-date. The trust holds approximately 483 million ounces of silver.