WisdomTree launches EUR- and GBP-hedged Silver ETCs

WisdomTree has launched EUR- and GBP-hedged physical silver exchange-traded commodities on Börse Xetra, Borsa Italiana and the London Stock Exchange to help investors with euro or pound base currencies reduce the effect of U.S. dollar exchange-rate swings on returns.

The two listings are WisdomTree Physical Silver – EUR Daily Hedged (AGSE) and WisdomTree Physical Silver – GBP Daily Hedged (PAGP). Each carries a 0.25% management fee plus a 0.10% hedging fee. WisdomTree describes the products as ways for European investors to gain exposure to the silver spot price without taking direct U.S. dollar currency exposure.

The ETCs are physically backed by allocated silver held in secure vaults, with custody arrangements the firm says meet institutional standards. WisdomTree said the daily currency hedges are designed to reduce the impact of EUR/USD and GBP/USD movements on performance for investors whose reporting currency is not the U.S. dollar.

Nitesh Shah, Head of Commodities and Macroeconomic Research, Europe at WisdomTree, commented: “Silver has a multi-faceted investment case, combining characteristics of both a precious and an industrial metal. While it maintains a strong relationship with gold and can benefit from macroeconomic uncertainty, it also plays a critical role in industrial applications and the energy transition, including solar panels, electric vehicles, and advanced electronics. As demand for renewable energy technologies continues to grow and industrial usage expands, silver is increasingly supported by structural demand drivers alongside traditional macro factors, offering investors exposure to both cyclical and long-term themes.”

Alexis Marinof, CEO Europe at WisdomTree, commented that the new ETCs expand the firm’s European precious-metals lineup and give investors more options for allocating to silver in line with their portfolio objectives.

The firm said the launches respond to investor demand for exposures that limit currency risk, and that daily hedging is intended to constrain one source of return variation for non-U.S. dollar investors.