As the price of gold hits new all-time highs and silver rallies to a multi-year high, Bank of America has identified four exchange-traded funds (ETFs) that offer attractive exposure to precious metals. The top-rated ETFs include abrdn Physical Silver Shares ETF (ticker SIVR), iShares Silver Trust (SLV), Invesco DB Precious Metals Fund (DBP) and abrdn Physical Precious Metals Basket Shares ETF (GLTR). Bank of America rated all four ETFs “more attractive” in comparison to other ETFs with similar assets. The Wall Street bank also has a “favorable view” rating on the sectors represented by the ETFs. These funds reflect baskets of physical precious metals, with varying allocations to silver, gold, palladium, and platinum. Bank of America’s research also suggests that a portfolio with 40% exposure to broad commodities would have outperformed a portfolio with 40% U.S. Treasury bonds by 0.8%…
