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The metal has recovered strongly after hitting its $21.40 per ounce year-to-date low in September. Furthermore, the passage of the bipartisan infrastructure bill is expected to boost the silver market due to the white metal’s usage in electric vehicles (EVs), batteries, fuel cells, and plug-in charging stations, among other industrial uses. Goldman Sachs (NYSE:GS) expects silver prices to hit $33 an ounce.
Given this backdrop, we think silver ETFs iShares Silver Trust (SLV), Global X Silver Miners ETF (SIL), and Aberdeen Standard Physical Silver Shares ETF (SIVR) could be solid bets now.
