GLD & SLV
Definition
GLD and SLV are the ticker symbols for the largest gold and silver exchange-traded funds, each holding physical metal in a vault and issuing shares that track its price.
When people talk about buying gold or silver “in their brokerage account,” they often mean these two funds.
Why it matters
GLD (gold) and SLV (silver) are the most heavily traded metals ETFs, which means deep liquidity and narrow spreads. Their size also makes their reported holdings a rough gauge of institutional interest in the metals.
In practice
Both funds aim to track the spot price of their metal, minus an annual expense ratio. You can buy a single share or thousands. Because the funds are physically backed, share value rises and falls closely with the underlying metal.
How it’s used
Cost-conscious buyers sometimes choose lower-fee alternatives instead. GLDM and IAUM are “mini” gold ETFs with lower expense ratios and lower per-share prices, which can suit long-term holders who want cheaper carrying costs. The trade-off is usually slightly less trading volume than GLD. As with any physical-backed metals ETF, gains may be taxed as collectibles in the United States.