WisdomTree Launches Physical Silver ETCs in Euros and Pounds

WisdomTree has entered the physical silver market with two new exchange-traded commodity products (ETCs) that allow investors to buy and hold silver in euros and British pounds. The 'WisdomTree Physical Silver-EUR Daily Hedged' and 'WisdomTree Physical Silver-GBP Daily Hedged' ETCs are designed for cost-efficient access to the silver market, reducing currency volatility between euros and pounds.

The new products have a management fee of 0.25% and a currency hedging fee of 0.10%. They are backed by allocated physical silver held in high-security vaults, listed on Börse Xetra, Borsa Italiana, and the London Stock Exchange.

According to WisdomTree, these ETCs cater to investors seeking tailored exposures in euros and British pounds, particularly in an environment with significant currency volatility. The launch is part of a broader trend where demand for custom-tailored investment products increases.