Silver ETF’s in an IRA
Client would like a little silver. There are 2 ETF’s that actually hold silver bullion.
Since the funds hold actual silver, I read they would be treated as collectibles. Is there a problem holding these in an IRA? It would be about 1% of the total account.
Permalink Submitted by Alan - IRA critic on Tue, 2014-09-09 20:30
ETFs such as GLD and SLV have been approved for IRAs by the IRS. The ETF must be set up as a grantor trust and most precious metal ETFs are. But if you are considering a silver ETF other than SLV, make sure it is structured to qualify.