Global X Silver Miners ETF (SIL US) $17.47

The vehicle that many international players use to invest in silver is the SIL ETF, which aims to track the Solactive Global Silver Miners Index, and it’s done a great job over recent years: over the last 12-months, the index has surged +110% while the ETF has gained +108.7%. The SIL ETF currently holds 46 stocks spread across the globe with around 59% exposure to Canada, 19.5% the US, 11.3% Mexico and 5.4% Peru, which we believe is good value for 0.65%. This is a major US ETF with a market cap of $US3.7bn, illustrating how ETFs can drive share prices.

• We can see some consolidation after the SIL ETF’s explosive advance, but we believe dips can be bought.