With the sharp rise in gold and silver this year there have been a lot of people asking about the best silver etf. The best silver etf can mean several different things:

In my opinion, if you are looking for a fund that tracks the price of silver with no leverage the best silver etf is SIVR. That’s because the company behind it ETF Securities LTD has gone out of it’s way to prove that there is physical silver backing the etf. It’s not the most actively traded however, SLV is currently averaging over 25 million shares per day versus 450,000 per day for SIVR.

If you are looking for the “Best Performing” silver etf in the current rally then you would have to take a look at AGQ which is the double long silver etf. It is up over 130% since the rally began in August. This does not mean it’s always the best way to play silver however. For long term investors Leveraged ETFs are the worst assets to hold and you are usually better of in mining stocks.

If you are looking for the best silver mining etf, then I would take a look at SIL. It’s the Global X Silver Miners and it has been a stellar performer in the latest bull move as well. It’s a who’s who of the international silver mining community, with all the major companies accounted for in a single ETF.

So as you can see, the best silver etf really depends upon what you are looking for…. whether it be backed by physical silver, the most performance possible or the best silver miners.