For investors seeking momentum, abrdn Physical Silver Shares ETF (SIVR Quick QuoteSIVR - Free Report) is probably on the radar. The fund just hit a 52-week high and has moved up 38% from its 52-week low of $25.41 per share. 

Are more gains in store for this ETF? Let us take a quick look at the fund and the near-term outlook on it to get a better idea of where it might be headed:

SIVR in Focus

abrdn Physical Silver Shares ETF tracks the performance of the price of silver less the Trust expenses. It has an expense ratio of 0.30% (see: all the Precious Metals ETFs here).

Why the Move?

Silver has been an area to watch lately, given the surge in the metal’s price. Silver is poised for a potential record-breaking surge, surpassing $36 per ounce for the first time in 13 years. The rally comes amid a weakening U.S. dollar, persistent supply deficit, heightened global trade uncertainty and rising interest in precious metals as geopolitical and economic hedges.

More Gains Ahead?

Currently, SIVR has a Zacks ETF Rank #3 (Hold), with a Medium risk outlook. Therefore, it is hard to get a handle on its future returns one way or the other. However, a weighted alpha of 28.80 and a 20-day volatility of 27.98% show that there is still some promise for risk-aggressive investors who want to ride on this surging ETF.