Overview
Description
Abrdn Physical Silver Shares ETF is an exchange-traded fund designed to track the spot price of silver by holding physical silver bullion. The primary function of this ETF is to provide investors an accessible and cost-effective method to gain direct exposure to silver's price movements without having to directly manage the physical commodity themselves. This ETF plays a significant role for those looking to diversify their portfolio with precious metals, particularly in industries such as electronics, solar energy, and jewelry, where silver is commonly used. The Abrdn Physical Silver Shares ETF holds its silver in secure vaults, ensuring that each share is backed by actual physical silver, enhancing its appeal to investors who place importance on tangible backing. With its focus on one of the more vital industrial and precious metals, this ETF allows participants in the metals market a straightforward vehicle for engagement, reflecting silver's persistent demand for both industrial applications and as a hedge in times of market volatility.
About
Address
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Phone
(212) 918-4954
Website
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Instrument type
ETF
Country
Germany
MIC code
XBER