Mike Philbrick
Horizons Silver ETF
HUZ-T
RISKY
Sep 17, 2020
HUZ is the Horizons ETF and which tracks the commodity, not silver stocks. HZU is the betapro 2x exposure to silver. These ETFs are very dangerous. They're for trading, not for buy and hold. He's not aware of a silver miner-based ETF in Canada. You could take a quick look at Sprott's suite of products including PSLV.
The ETF is composed of futures contracts with counter party risk with a financial institution. If one chain breaks, all ETFs will become questionable quickly. It is a big systemic risk that he would not take.
HUZ is the Horizons ETF and which tracks the commodity, not silver stocks. HZU is the betapro 2x exposure to silver. These ETFs are very dangerous. They're for trading, not for buy and hold. He's not aware of a silver miner-based ETF in Canada. You could take a quick look at Sprott's suite of products including PSLV.