Silver prices hovered around $80 per ounce on Friday, as a 10-day ceasefire between Lebanon and Israel calmed inflation fears and weakened the U.S. dollar.
A sustained supply deficit projection for 2026 is also supporting prices.
What ETFs To Tap Amid Silver Rebound?
Silver COMEX (May 2026) rose 1% to $79.47 at 4.42 AM EDT after declining about 15% since the war began in late February amid fears that rising energy costs would stoke inflation, keeping interest rates higher. Those concerns have eased somewhat, with optimism returning on hopes that the U.S. and Iran could reach a permanent ceasefire deal over the weekend.
This has brought back the allure of the white metal and investors looking to tap the rise in silver prices could consider the following ETFs:
1. iShares Silver Trust
The iShares Silver Trust (NYSE:SLV) offers exposure to the day-to-day movement of the price of silver bullion. It has an AUM of $21.5 billion and trades in a heavy volume of 41 million shares a day. It charges 0.50% in fees per year from investors.
Price Action: SLV gained 0.4% at 4.16 AM ET, but is down 16.1% since the Iran war began.
Benzinga Edge Stock Rankings indicate SLV has a Momentum score in the 91th percentile and maintains a strong price trend in the short, medium and long terms.
2. abrdn Physical Silver Shares ETF
The abrdn Physical Silver Shares ETF (NYSE:SIVR) also tracks the performance of the price of silver bullion. It is the lowest-cost physically-backed ETF in the silver space with an expense ratio of 0.30% and an AUM of $5.4 billion. SIVR exchanges about 3 million shares in hand per day on average.
Price Action: SIVR gained 0.3% at 4.11 a.m. EDT but is down 16.1% since the Iran war began.
Benzinga Edge Stock Rankings indicate SIVR has a Momentum score in the 91st percentile and maintains a strong price trend in the short, medium and long terms.
3. ProShares Ultra Silver ETF
The ProShares Ultra Silver (NYSE:AGQ) provides investors two times (2x)leveraged exposure to the daily returns of silver futures. It has an AUM of $1.9 billion and an expense ratio of 0.95%. It trades in an average daily volume of 5 million shares.
Price Action: AGQ was up 0.6% at 4.23 a.m. EDT. The fund has delivered negative returns of 33.2% since the Iran war began.
Benzinga Edge Stock Rankings indicate AGQ has a Momentum score in the 93rd percentile and maintains a strong price trend in the long term.
Strong Trends Emerging
The U.S. dollar is set for a second consecutive weekly decline on Friday, with the U.S. Dollar Index at 98.18 as of 4.36 AM EDT. The index is down 0.6% since the Middle East conflict began. A weaker greenback is making dollar-denominated assets like silver more appealing to global buyers.
According to a report from The Silver Institute, the silver market is heading for the sixth year of annual deficit of 46.3 million ounces, noting that while the Iran war clouds the short-term outlook, it strengthens the long-term case for precious metals.
Industrial demand is expected to remain weak for the second consecutive year in 2026, weighed down by weaker photovoltaic demand, although sectors such as AI infrastructure, automotive, and power grid investments stay resilient. At the same time, investment demand for coins and bars is forecast to climb 18%, marking its second straight annual increase and reaching the highest level since 2022.
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