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iShares S&P/TSX Global Gold Index ETF (XGD)
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Global X Silver ETF (HUZ)
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VanEck Gold Miners ETF (GDX)
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Global X Silver Miners ETF (SIL)
Q: What is your forecast on gold versus silver? Which commodity do you feel will do best over the next 5 years?
What is your top recommended gold mining ETF and silver mining ETF in Canada and the US? What is your top recommended gold, and silver, mining stock in Canada or the US?
Many thanks for this excellent service.
What is your top recommended gold mining ETF and silver mining ETF in Canada and the US? What is your top recommended gold, and silver, mining stock in Canada or the US?
Many thanks for this excellent service.
5i Research Answer:
Since the 1960s, gold has outperformed silver, but there was a period of time between 1990 and 2020 when gold underperformed silver. We like the momentum that gold is currently seeing, and it is likely being bought up by central banks across the globe amid this period of uncertainty. Silver has industrial uses, and so it is more economically sensitive, which can act as a drag in the near-term given the economic backdrop.
For Canadian gold ETFs, we like XGD. For the US, we like GDX.
For US silver ETFs, we like HUZ (exposure to the price of silver, no silver miner exposure). For the US, we like SIL.