(Kitco News) - One of the world’s leading investment firms in the precious metals sector has taken a special interest in the silver market as demand for the metal continues to outstrip supply, creating a long-term uptrend.
On Wednesday, Sprott Asset Management LP announced the launch of the Sprott Silver Miners & Physical Silver ETF (Nasdaq: SLVR). The company noted that this is the only ETF focused on providing pure-play exposure to silver miners and physical silver.
The Sprott Silver Miners Index is designed to track the performance of a selection of securities in the silver industry, including silver producers, developers, explorers, and physical silver.
“Silver is one of the world’s best-known precious metals, and we believe it’s positioned to perform well in today’s market. In addition, demand for silver is growing in applications ranging from clean technology and solar energy to the automotive and healthcare industries. We believe silver and its miners have significant investment potential, as silver is both a precious metal and an industrial metal critical to new energy,” said John Ciampaglia, CEO of Sprott Asset Management. “With our specialized expertise in precious metals and critical materials, we’re pleased to offer a focused opportunity to invest in silver miners and physical silver through this ETF.”
