A Better Silver Strategy For Income Investors

| August 26, 2026

Last night I dreamed about silver prices and trends. I am sure it’s a sign that I spend too much time reading, researching, and thinking about how to invest in silver and precious metals. But while it’s on my mind, I thought I would share my current thoughts about precious metals investing.

As you may already know, precious metals climbed steeply in 2025 and peaked at the end of January 2026. Gold reached $5,500 per ounce, and silver peaked at $115 per ounce. (For reference, silver was trading for less than $40 in early 2025.)

After the record highs, metal prices dropped sharply and continued to decline, which I believe recently reached a bottom. Here is the one-year spot chart for silver from OneGold.com:

The metals now appear to have bottomed in mid-July. Gold dropped below $4,000 for less than a day and has held above that ever since. I had hoped silver would hold $60, but it did not, bottoming at $56 per ounce.    

Over the last month, both metals have been trending higher. As I write this, gold is at $4,391, and silver spot is $65.35. In my OneGold account, I made two gold purchases under $4,100 and several silver trades totaling 30 ounces under $60.

I use OneGold because you can purchase for any dollar amount or buy fractional ounces.

While I believe precious metals will continue to appreciate over the long term, I also recommend another approach for investment exposure. Covered call ETFs use option-writing strategies to generate attractive yields while still providing exposure to the underlying asset. For silver investing, I recommend the Nicholas Silver Income ETF (SLVX), which holds silver metal ETFs and shares of silver mining stocks.

SLVX pays weekly dividends with a current 24% distribution yield. A fund like SLVX pays you to wait if it takes silver a while to move higher. When it does, SLVX will participate in the gains too. Those who bought or added shares when fear was running high are happy campers now.

This post originally appeared at Investors Alley.

Category: Dividend Stocks To Buy?

About the Author ()

Tim Plaehn is the lead investment research analyst for income and dividend investing at Investors Alley. He is the editor for The Dividend Hunter, an investment advisory delivering income investments with double digit growth in share price and dividend payments, and 30 Day Dividends, a specialty income service that takes advantage of opportunities for relatively fast, attractive profits around potential dividend payouts.

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