common-close-0
BYDFi
Trade wherever you are!

How do SLV and SIVR compare in terms of their performance in the cryptocurrency market?

avatarLesego MatlogelaDec 16, 2021 · 3 years ago1 answers

Can you provide a detailed comparison of the performance of SLV and SIVR in the cryptocurrency market? How do they differ in terms of price movements, trading volume, and overall market performance?

How do SLV and SIVR compare in terms of their performance in the cryptocurrency market?

1 answers

  • avatarDec 16, 2021 · 3 years ago
    As an expert in the cryptocurrency market, I can provide some insights into the performance of SLV and SIVR. SLV, which stands for iShares Silver Trust, is one of the largest silver ETFs and has a strong presence in the market. On the other hand, SIVR, or Aberdeen Standard Physical Silver Shares ETF, is also a popular choice for investors looking to gain exposure to silver. While both ETFs track the price of silver, SLV has a larger asset base and higher trading volume compared to SIVR. This can result in tighter bid-ask spreads and better liquidity for SLV. However, it's important to note that the performance of SLV and SIVR can be influenced by various factors, including market conditions, investor sentiment, and overall demand for silver. Therefore, it's crucial to conduct thorough research and analysis before making any investment decisions.