Samsung Asset's Silver ETF Posts 20.5% Monthly Return, Outpacing Gold

Samsung Asset Management said Wednesday that its KODEX Silver Futures (H) exchange-traded fund recorded a one-month return of 20.5%.

According to ETF Check, the KODEX Silver Futures (H) posted the second-highest one-month return among all ETFs as of that day. The fund has continued its strong performance across longer time horizons, with returns of 38.0% over three months, 56.7% over six months, 76.7% over one year, and 86.3% year-to-date.

Retail investor inflows have also expanded significantly. KODEX Silver Futures (H) is Korea's only ETF that allows concentrated investment solely in silver. Net purchases by individual investors reached 13.5 billion won over the first ten days of this month, with year-to-date net purchases totaling 135.5 billion won.

Silver prices broke through the $60-per-ounce level the previous day, hitting an all-time high and extending the rally. While global gold prices attracted attention by reaching record highs in October this year, silver's price gains have outpaced gold toward year-end.

The silver ETF achieved high returns as prices for silver, classified as a safe-haven asset, surged amid growing expectations that the U.S. Federal Reserve will cut its benchmark interest rate this month. Additionally, silver has significant industrial demand beyond precious metal demand. With its large share of industrial applications, silver directly benefits from growth in advanced and eco-friendly industries including AI semiconductors, solar power, electric vehicles, and batteries.

"The recent rise in silver prices is not a short-term event but a trend stemming from structural changes based on industrial demand," said Kim Sun-hwa, head of ETF Management Team 2 at Samsung Asset Management. "The KODEX Silver Futures ETF is a product that allows investors to capture profit opportunities from its industrial commodity characteristics, differentiated from gold price volatility."