Silver ETF Could Be Worth $8,330 with 66.6% Gain

Precious metals like gold and silver can add an extra layer of diversification to your portfolio, but owning physical silver can be complicated. The iShares Silver Trust (SLV) is a convenient alternative that trades easily and directly tracks the price of silver.

If you think silver could reach $100 per ounce from its current price over $60, a $5,000 investment in SLV today would be worth $8,330 if it grows by 66.6%.

Silver prices can be volatile and unpredictable due to various factors such as economic backdrop, inflation, the U.S. dollar's value, and interest rates.