The bank's research also says that a portfolio with 40% exposure to commodities would have outperformed a portfolio with 40% bonds by 0.8% per year since 1945.
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 that offer attractive exposure to precious metals. The top-rated ETFs include abrdn Physical Silver Shares ETF , iShares Silver Trust , Invesco DB Precious Metals Fund and abrdn Physical Precious Metals Basket Shares ETF . Bank of America rated all four ETFs "more attractive" in comparison to other ETFs with similar assets.
" abrdn Physical Silver Shares ETF SIVR is the cheapest silver fund in Bank of America's coverage, with a total expense ratio of 0.50%. Bank of America's commodity team is also bullish on silver and expects spot prices to end 2024 at $26.46 per ounce and $32.50 per ounce at the end of next year. It was trading at $30.50 per ounce at the end of last week.
Ishares Silver Trust Invesco DB Precious Metals Fund Abrdn Physical Precious Metals Basket Shares ETF Gold / US Dollar Spot Silver / US Dollar Spot Business News
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