Global X is to launch an ETF focused on silver miners as the metal’s price passes US$100 for the first time.
The Silver Miners ETF (SLVM) will provide access to a global portfolio of companies across the exploration, mining and production of silver.
It seeks to benefit from potential growth in the mining sector which is set to grow as silver prices rise.
The price of silver is currently sitting at around US$108 per ounce, having passed US$100 for the first time last week. It had risen by 147 per cent during 2025 thanks to strong investment demand and a persistent supply shortage of the metal.
Global X plans for the new ETF to offers investors a way to get indirect exposure to the commodity’s broader story without needing direct exposure.
It already runs a Physical Silver Structured ETF (ETPMAG) which was launched in 2009 and is backed by physical silver that is stored in a vault where each physical bar is individually identified and allocated.
The silver ETF would join the firm’s existing commodity ETFs which invest in uranium, palladium, platinum, gold bullion, green metals and copper.
“Silver is increasingly being viewed as a strategic metal, underpinned by a combination of industrial demand, supply constraints and its role within the broader precious metals allocation,” the firm said.
“As these dynamics evolve, investor interest in silver-related exposure is expanding beyond physical holdings alone.”
