© VladK213 / iStock via Getty Images
Gold and silver have seen a monumental rally over the past few years. ETFs like Strategy Shares Gold Enhanced Yield ETF (BATS:GOLY) and Kurv Silver Enhanced Income ETF (BATS:KSLV) have turned that rally into a cash stream while participating in the rally. It’s a good idea to buy both of these ETFs if you think both gold and silver are primed to continue climbing in the future.
There are clues that say this may be the case, as both assets have already surged above and beyond the most bullish expectations a year back. For example, top gold exporters are under sanctions and have decided to stockpile gold instead. Major central banks worldwide are doing the same. Meanwhile, silver is surging to close the gap with gold. It is now near a 50:1 ratio with gold.
The opportunities to capitalize on this are immense. The two ETFs below give you both a dividend yield and upside.
Strategy Shares Gold Enhanced Yield ETF (GOLY)
The GOLY ETF combines a portfolio of investment-grade bonds with derivative-based exposure to gold and a long/short basket of other commodities. This clever setup allows it to provide a 7% yield and exposure to gold. Better yet, the yield you get is distributed monthly.
Its bond component is the income engine that invests in U.S. dollar-denominated corporate bonds and Treasuries. Corporate bonds are selected with at least 18 months remaining maturity and must be investment grade at purchase (at least BBB- / Baa3), and the fund will sell bonds that are downgraded below investment grade. The adviser uses quantitative credit screens plus qualitative fundamental review to choose bonds.
The gold component is what drives the capital appreciation of the ETF. It tracks near-month gold futures (CME) and “rolls” into later-dated contracts as expiration approaches. Plus, you get returns from trading energy and industrial metals/precious-metals commodity futures exposures, using a total return swap that can represent both “undervalued” long positions and “overvalued” short positions as determined by the adviser.
The catch is that the expense ratio is somewhat high at 0.79%, or $79 per $10,000. I’d argue it’s worth the yield and the upside you are getting. GOLY is up over 47% over the past year, even without the yield.
Kurv Silver Enhanced Income ETF (KSLV)
KSLV gives you silver-like returns plus monthly income. It does this by using options on silver exchange-traded products (ETPs) and holding a collateral portfolio of bonds and preferred securities. In plain terms, it tries to stay meaningfully exposed to silver and regularly collect option premiums.
The upside is capped, but the performance remains solid. KSLV is up 77.8% since October 2025, something that goes over 80% when you take into account that it has a 3.5% dividend yield.
The expense ratio is a flat 1%, or $100 per $10,000. That expense ratio is high, but I believe it remains worth the cost due to silver ETFs being more rare. Until more issuers start copying the strategy and roll out their own ETFs, your options are limited.
I expect even more upside over the coming month. There’s ample global liquidity that can flow into both gold and silver. The structural demand is acting as a tailwind that can cause silver to outperform far better than expected. Silver is used in electronics, solar panels, medicine, and water purification, on top of being a major investment vehicle.
If the U.S. keeps cutting interest rates faster than expected and other countries maintain an accommodative stance, silver and gold can climb to market caps of $10 trillion and $50 trillion, respectively. Both of them saw $16 trillion in added value last year, so it’s certainly possible.