5 Best Silver Mining Stocks to Invest In

4. iShares Silver Trust (NYSE: SLV)

Number of Hedge Fund Holders: 25

IShares Silver Trust (NYSE: SLV) is an exchange-traded fund managed by iShares Delaware Trust Sponsor LLC. The fund invests in commodity markets and silver, and seeks to track the daily performance of the silver bullion. It ranks 4th on our list of the best silver mining stocks to invest in.

This May, silver ETFs including iShares Silver Trust (NYSE: SLV) were reported to have outperformed all other ETFs in light of rising silver prices. The assets under management held by iShares Silver Trust (NYSE: SLV) are worth $14.77 billion. The fund’s price returns in the past year were up 46.92%, versus the S&P 500’s +39.05%. The total returns for iShares Silver Trust (NYSE: SLV) in the past year were up 46.92% as well, versus the S&P 500’s 10.4% increase. It has also gained 43.99% in the past year.

By the end of the first quarter of 2021, 25 hedge funds out of the 866 tracked by Insider Monkey held stakes in iShares Silver Trust (NYSE: SLV). The total value of their stakes was roughly $208 million. This is compared to 28 hedge fund holders in the previous quarter with a total stake value of about $199 million.