is there a silver ETF, similar to the hold ETF, igld

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is there a silver ETF, similar to the hold ETF, igld?

6/5/2025 09:25pm

Aime

The deep research logic is organized as follows: 

Okay, let's tackle this question. The user is asking if there's a silver ETF similar to the hold ETF, specifically referencing IGLD. First, I need to understand what IGLD is. From the references, I see that IGLD is the FT Vest Gold Strategy Target Income ETF. It's a gold-focused ETF that uses a target income strategy, which likely involves covered calls or other options strategies to generate income. The user is looking for a silver ETF that mirrors this approach.

Looking at the references provided, there's a query for "IGLD similar silver ETF with hold strategy" which returned zero results. That means there's no direct equivalent in the data. However, there are other silver ETFs mentioned, like SLV (iShares Silver Trust) and others listed in the ETF Database. 

The user's profile shows they're interested in tech sectors, but they're asking about silver ETFs, so they might be diversifying into commodities. They prefer established companies and have a moderate risk tolerance. The hold strategy likely refers to a buy-and-hold approach, but since IGLD uses a target income strategy, the user might be looking for a silver ETF that also employs income-generating strategies like covered calls.

From the references, there's mention of covered call strategies in ETFs, such as the YieldMax BRK.B ETF, but that's not silver-related. The Global X Silver Miners ETF (SIL) is mentioned, but it's a miner ETF, not a physical silver ETF. The user might be interested in both physical silver ETFs and those that use options strategies for income.

I need to check if any silver ETFs use a similar strategy to IGLD. The references mention that there are no results for "silver ETF income strategy target income" or "silver ETF options strategy hold approach." However, there are physical silver ETFs like SLV and synthetic ones. The user might be looking for a silver ETF that holds the metal and possibly uses options to generate income, similar to IGLD's strategy.

Since there's no direct match, I should explain the options available. The closest would be physically-backed silver ETFs like SLV, which hold the metal but don't use income strategies. Alternatively, there are miner ETFs like SIL, which invest in silver mining companies, but they don't track the metal's price directly. 

The user might also be interested in the target income strategy, so I should mention that while there's no silver ETF exactly like IGLD, there are strategies they can replicate using options on silver ETFs. For example, covered call strategies on SLV could generate income, though this isn't a standalone ETF.

I should structure the answer by first stating that there's no direct equivalent, then outline the available options, and suggest alternative strategies. Make sure to cite the relevant references and include a visualization for the query results. Also, use the user's profile to tailor the advice, mentioning that while they focus on tech, diversifying into silver ETFs could be beneficial for risk management.

🌟 Conclusion

There is currently no silver ETF directly comparable to the FT Vest Gold Strategy Target Income ETF (IGLD), which employs a target income strategy using covered call options. However, physically-backed silver ETFs like iShares Silver Trust (SLV) and Invesco DB Silver Fund (DBS) provide exposure to silver prices and could be adapted with covered call strategies to replicate a similar income-focused approach. Below is a detailed analysis of the closest alternatives and strategies.

📊 Analysis of Silver ETFs and Strategies

1. Physically-Backed Silver ETFs

These ETFs hold physical silver bullion and track the price of silver. They are the closest substitutes for a "hold strategy" like IGLD but lack built-in income generation.

ETF	Strategy	Expense Ratio	Key Features
SLV	Physical silver holding	0.50%	Largest silver ETF, holds ~10,000 tonnes of silver bullion ¹².
DBS	Physical silver holding	0.65%	Tracks silver futures, with a focus on industrial and investment demand ¹.

2. Covered Call Strategies for Silver ETFs

While no ETF explicitly combines silver exposure with a target income strategy, covered call strategies on silver ETFs (e.g., SLV) can generate income. For example:

Selling covered calls on SLV shares allows investors to collect premiums while capping upside potential ³⁴.
Annualized returns from covered calls on SLV could range from 6.14% to 145.97%, depending on strike prices and volatility ⁴.

3. Silver Miner ETFs

These ETFs invest in silver mining companies, offering indirect exposure to silver prices and dividend income.

ETF	Strategy	Expense Ratio	Key Features
SIL	Silver miner portfolio	0.75%	Tracks the performance of silver mining stocks like First Majestic (AG.N) ⁵.
AGQ	Silver miner portfolio	0.75%	Focuses on large-cap silver miners with a dividend yield of ~1.88% ⁴.

📊 Why No Direct Equivalent to IGLD?

Market Focus: Silver ETFs are less popular than gold ETFs, with fewer options for income-focused strategies ¹⁶.
Regulatory Constraints: European ETFs for single commodities like silver are limited by UCITS regulations, favoring ETCs (Exchange-Traded Commodities) instead ⁷.
Liquidity: Silver ETFs have lower trading volumes compared to gold ETFs, making covered call strategies less liquid ¹².

📊 Key Takeaways for Investors

For a "Hold Strategy": Use SLV or DBS for direct silver exposure.
For Income Generation: Apply covered call strategies on SLV or invest in SIL for exposure to silver miners with dividend yields.
Risks: Silver prices are highly volatile due to industrial demand fluctuations and geopolitical risks ⁶⁸.

📊 Final Recommendation

If you seek a silver ETF with a hold strategy, SLV is the closest match. To replicate IGLD’s income focus, consider covered call strategies on SLV or pivot to SIL for exposure to silver miners with dividend potential.

Source:

1. Silver ETF List