WisdomTree Unveils Currency-Hedged Silver ETCs for Euro and Pound Investors
WisdomTree has expanded its range of precious metals ETCs (Exchange-Traded Commodities) with the launch of two physical silver products that offer currency hedging in euros and pounds sterling. The new ETCs, the WisdomTree Physical Silver - EUR Daily Hedged and the WisdomTree Physical Silver - GBP Daily Hedged, aim to provide investors operating outside the US dollar with a way to access the market while managing currency risk.
The two products are physically backed by allocated silver and custodied in secure vaults. They apply a management fee of 0.25% and a currency hedging fee of 0.10%. Nitesh Shah, Head of Commodities and Macroeconomic Research, Europe at WisdomTree, highlighted the unique characteristics of silver as both a precious metal and an industrial metal.
Silver is closely related to gold but also plays a key role in industrial applications such as solar panels, electric vehicles, and advanced electronics. According to Shah, this combination of factors drives demand for silver from both the precious metals sector and the industrial sector.