Top 10 Gold and Silver ETF Picks for November 2025: Best Investments for Hedging Amid Inflation, Tariff Adjustments, and Fed Easing

By Editorial Team - November 26, 2025

Introduction

As November 2025 unfolds, the stock market navigates a complex and evolving landscape shaped by President Trump's adjusted tariff policies, which have moderated slightly but still contribute to persistent inflation around 3.4% and economic uncertainty. Despite these headwinds, the Federal Reserve's ongoing rate cuts—totaling 0.875% so far this year—have ignited a powerful market melt-up, with the S&P 500 rallying 39% over the past six months on strong corporate earnings and AI optimism.
Gold prices have surged past $4,150 an ounce as a hedge and inflation buffer, while cryptocurrencies continue to hit new highs and maintain their upward trajectory. However, warnings of an AI bubble abound and linger, with elevated valuations in tech giants signaling potential risks that may not materialize until the Fed tightens policy or if policies change.
Silver prices have risen above $55 per ounce and reached an all time high last month, fueled by industrial demand in solar and electronics and investors looking to hedge against global uncertainties with precious metals.
Drawing from analyses by Zacks, Forbes, ValueSense, US News, Morningstar, Bankrate, and Motley Fool, this list highlights 10 high-conviction gold and silver ETF picks emphasizing precious metals-driven growth as inflation hedges, resilient sectors, undervalued opportunities, and diversified strategies for diversification to traverse economic divides in a bifurcated economy.

Top 10 Gold and Silver ETFs

Selections highlight YTD performance, AUM for dependability, and anticipated growth in precious metals amid inflation and geopolitical tensions. Data sourced from TradingView, Yahoo Finance, Investopedia, Investors.com, totalrealreturns.com, and recent analyses.

1. SPDR Gold MiniShares Trust (GLDM)

Type: ETF
Sector: Physical Gold
Performance: YTD +47.63%, 1M +8%
AUM: $17.3B
Reason: Cost-effective physical gold tracking; high liquidity for retail investors. Historical average annual return: +12.87% (inflation-adjusted, dividends reinvested).
Valuation: Fair valued (Expense ratio 0.10%; at NAV)
Recommendation: Consider a Hold or Small Dip-Buy, Not a Full Aggressive Entry
Confidence Level: Medium
Timeframe: 12 months
1-Month Price Target: $60

2. iShares Gold Trust Micro (IAUM)

Type: ETF
Sector: Physical Gold
Performance: YTD +47.74%, 1M +8%
AUM: $4.1B
Reason: Low-cost entry to gold bullion; matches top performers with minimal fees. Historical average annual return: +15.68% (inflation-adjusted, dividends reinvested).
Valuation: Fair valued (Expense ratio 0.09%; at NAV)
Recommendation: Consider a Hold or Small Dip-Buy, Not a Full Aggressive Entry
Confidence Level: Medium
Timeframe: 12-24 months
1-Month Price Target: $30

3. iShares Silver Trust (SLV)

Type: ETF
Sector: Physical Silver
Performance: YTD +61.98%, 1M +10%
AUM: $24.3B
Reason: Largest silver ETF tracking spot prices; strong inflows from industrial and investment demand. Historical average annual return: +3.54% (inflation-adjusted, dividends reinvested).
Valuation: Fair valued (Expense ratio 0.50%; at NAV)
Recommendation: Consider a Hold or Small Dip-Buy, Not a Full Aggressive Entry
Confidence Level: High
Timeframe: 12 months
1-Month Price Target: $40

4. VanEck Gold Miners ETF (GDX)

Type: ETF
Sector: Gold Miners (Growth)
Performance: YTD +105.94%, 1M +12%
AUM: $23B
Reason: Tracks major gold mining companies; explosive growth from rising gold prices and expanded margins amid central bank buying. Historical average annual return: +1.77% (inflation-adjusted, dividends reinvested). (totalrealreturns.com)
Valuation: Overvalued (Expense ratio 0.51%; P/E 34x; 1% premium to NAV)
Recommendation: Hold
Confidence Level: Medium
Timeframe: 12-24 months
1-Month Price Target: $65

5. abrdn Physical Silver Shares ETF (SIVR)

Type: ETF
Sector: Physical Silver
Performance: YTD +62.45%, 1M +10%
AUM: $3.6B
Reason: Physically backed silver with low fees; outperforms gold ETFs due to silver's dual-role demand. Historical average annual return: +4.95% (inflation-adjusted, dividends reinvested).
Valuation: Fair valued (Expense ratio 0.30%; at NAV)
Recommendation: Consider a Hold or Small Dip-Buy, Not a Full Aggressive Entry
Confidence Level: Medium
Timeframe: 12 months
1-Month Price Target: $38

6. Global X Silver Miners ETF (SIL)

Type: ETF
Sector: Silver Miners (Growth)
Performance: YTD +103.42%, 1M +11%
AUM: $3.9B
Reason: Exposure to silver mining firms; benefiting from industrial demand surge in renewables and electronics. Historical average annual return: +1.11% (inflation-adjusted, dividends reinvested). (totalrealreturns.com)
Valuation: Overvalued (Expense ratio 0.65%; P/E 28x; 0.8% premium to NAV)
Recommendation: Hold
Confidence Level: Medium
Timeframe: 12 months
1-Month Price Target: $50

7. ProShares Ultra Gold (UGL)

Type: ETF
Sector: Leveraged Gold
Performance: YTD +101.91%, 1M +15%
AUM: $1B
Reason: Provides 2x daily exposure to gold futures; amplifies gains in bull markets but with higher volatility. Historical average annual return: +10.13% (inflation-adjusted, dividends reinvested).
Valuation: Overvalued (Expense ratio 0.95%; trading at 0.5% premium to NAV)
Recommendation: Hold
Confidence Level: Medium
Timeframe: 6-12 months
1-Month Price Target: $150

8. SPDR Gold Shares (GLD)

Type: ETF
Sector: Physical Gold
Performance: YTD +48.18%, 1M +8%
AUM: $114B
Reason: Largest gold ETF with high liquidity; serves as a core hedge against inflation and uncertainty. Historical average annual return: +7.87% (inflation-adjusted, dividends reinvested).
Valuation: Slightly overvalued (Expense ratio 0.40%; 0.2% premium to NAV)
Recommendation: Buy
Confidence Level: High
Timeframe: 12-24 months
1-Month Price Target: $280

9. iShares Gold Trust (IAU)

Type: ETF
Sector: Physical Gold
Performance: YTD +47.59%, 1M +8%
AUM: $64.7B
Reason: Stable physical gold exposure; popular for long-term hedging with significant AUM. Historical average annual return: +8.24% (inflation-adjusted, dividends reinvested).
Valuation: Fair valued (Expense ratio 0.25%; at NAV)
Recommendation: Buy
Confidence Level: Medium
Timeframe: 12 months
1-Month Price Target: $55

10. GraniteShares Gold Shares (BAR)

Type: ETF
Sector: Physical Gold
Performance: YTD +47.66%, 1M +8%
AUM: $1.1B
Reason: Low-cost physical gold ETF; strong performance in 2025 rally. Historical average annual return: +10.48% (inflation-adjusted, dividends reinvested).
Valuation: Fair valued (Expense ratio 0.17%; at NAV)
Recommendation: Buy
Confidence Level: Medium
Timeframe: 12 months
1-Month Price Target: $28

Ranking Methodology

YTD Performance: Highlighted robust returns (e.g., GDX +105.94%, SIL +103.42%).
AUM: Prioritized large-scale for stability (e.g., GLD $114B, IAU $64.7B).
Data Source: TradingView, Investopedia, Investors.com, Yahoo Finance, totalrealreturns.com, and justETF.

Market Analysis

Drivers: Gold and silver surges driven by inflation hedges, central bank purchases, and industrial demand; targeting $4,500 for gold and $60 for silver by 2026. Fed easing supports commodities, though tariffs pose supply risks.
Trends: Miners outperform physical ETFs; silver leads gold due to green energy demand. Bubble concerns in tech shift capital to metals.

Additional Highly Ranked Gold/Silver ETFs (Global, Europe, Australia, Japan):

WisdomTree Physical Gold / Invesco Physical Silver ETCs: Cheapest European physically backed options for direct precious metal exposure (10, 11).
Global X Physical Gold (ASX:GOLD), Perth Mint Gold (Australia): Leading physical gold ETFs for Asia-Pacific investors (12, 9).
Japan’s largest bank, SBI, has introduced the Digital Gold Crypto ETF, which will allocate 51% to gold and 49% to cryptocurrencies. This structure is reportedly designed to mitigate investment risks through diversification, catering to a growing interest in combining traditional assets with digital currencies. (NewsBTC August 2025)

Key trends driving these performances:

Silver outperformed gold on average, supported by both recent investment demand and industrial usage (4, 5).
Physically backed ETFs and those with low expense ratios are consistently the top performers globally (1, 6, 2).

When choosing, prioritize low-cost funds with high liquidity and strong tracking of physical bullion if your goal is pure metal exposure. Gold miner and silver miner ETFs offer leveraged returns but come with higher volatility.

Pros and Cons of Investing in Gold and Silver ETFsPros:

Diversification against stock market volatility.
Hedge against inflation and currency devaluation.
Easy liquidity and no physical storage needed.
Strong 2025 performance driven by global demand.

Cons:

No dividend income (except for miners ETFs).
Subject to commodity price swings.
Higher expense ratios for miners can erode returns over time.
Tax implications on gains.

Should You Buy Today?With gold and silver prices near highs and ongoing economic uncertainties, these ETFs remain attractive for portfolio hedging. Physical ETFs like GLD and SIVR offer direct exposure with low costs, while miners like GDX and SIL provide amplified returns for risk-tolerant investors. Consider your risk appetite and consult a financial advisor, as prices could pull back if interest rates stabilize or industrial demand softens.

Recent above-average returns in precious metals may indicate potential overvaluation, suggesting a hold rather than buy recommendation. Overall, the outlook for precious metals in 2025 remains positive.

Concluding Remarks

This selection merges high-growth miners (e.g., GDX, SIL) with stable physical ETFs (e.g., GLD, SLV) for balanced exposure to November 2025 trends like inflation persistence and monetary easing, while countering tariff volatilities. Diversification is crucial in this shifting landscape. Note that while 2025 YTD performances are strong, historical average annual returns (e.g., GDX at +1.77%) highlight the volatility and long-term modest growth in precious metals ETFs.

Sources and References:

Editor's Note: Our approach never chases short-term hype. Instead, our analysts, supported by AI, carefully select recommendations designed to build portfolios that compound over the long term. Investors must be prepared to position themselves and hold through market volatility to realize sustained growth and achieve their financial goals.

Disclaimer

This is not financial advice. Past performance does not guarantee future results. Investors should consult a financial advisor and conduct their own research. The article provides general information based on publicly available data, with no guarantee of completeness or accuracy. Readers must verify details independently.

The information presented in this article is intended for general informational purposes only and should not be construed as professional financial or investment advice. The figures, rankings, and projections are based on publicly available data, company reports, financial analyst recommendations and industry estimates as of 2025.

While efforts have been made to ensure the accuracy and timeliness of the information, One Day Advisor and the article’s authors do not guarantee the completeness, reliability, or suitability of the content for any particular purpose. Readers are encouraged to verify details independently and consult qualified professionals before making any business or investment decisions based on the information provided.

The article may reference ongoing developments, regulatory actions, or market events that are subject to change. One Day Advisor is not responsible for any losses or damages arising from the use of this information.

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