This Week's Top Performing ETFs: 07/26/2020
July 27, 2020 at 13:39 PM EDT
Hi ho silver! Last week was dominated by silver funds, as the white metal continues with strong returns. Not only have the funds performed well this week, but silver ETFs have already topped their previous monthly record for investor inflows. Like gold, silver is seen as a safe-haven asset and tends to rise in times of economic uncertainty, or in 2020’s case, pandemic. Investors should note that we’re seeing strong returns in all types of silver funds, from equity proxies like silver miners or junior funds to ETNs and physically backed funds. Not to be lost in the shuffle, we see the iPath Series B Bloomberg Platinum Subindex Total Return ETN (PGM) and the Aberdeen Standard Physical Palladium Shares ETF (PALL) making strong appearances last week as well. The other white metals don’t always get as much love as silver and gold, but they’re great opportunities. These were last week’s top performing ETFs. We’ve excluded funds which use leverage or make inverse bets on their underlying assets.