##  [# Inside Kurv’s New Gold & Silver Income ETFs](/sections/features/inside-kurvs-new-gold-silver-income-etfs) 

 

# Inside Kurv’s New Gold & Silver Income ETFs

 

 

With silver and gold prices near record highs, Kurv’s latest ETFs look to capture both metal gains and option income.



 

 

 

 

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[By Talk ETFs](/authors/talk-etfs)

 Oct 08, 2025

 Edited by: ETF.com Staff

 

 

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Silver prices have surged nearly 70% this year, and gold isn’t far behind. Both metals are approaching record highs as investors seek shelter from growing fiscal concerns and currency weakness.

To capitalize on the renewed interest in precious metals, Kurv Investment Management recently launched two new funds, the[ **Kurv Gold Enhanced Income ETF (KGLD)**](https://kgld) and the [**Kurv Silver Enhanced Income ETF (KSLV)**](/kslv). These ETFs are designed to enhance traditional gold and silver exposure by pairing it with an options strategy that seeks to generate additional income — with the goal of outperforming the metals’ price return over time.

In an interview with ETF.com, Howard Chan, Founder and CEO of Kurv Investment Management, discussed what’s driving the rally in gold and silver, how Kurv’s funds work, and when they might make sense for investors.

## Precious Metals’ Surge

According to Chan, the rally in gold and silver is rooted in macroeconomic concerns.

“We typically have a macro reason for launching a strategy,” he said. “Right now, we’re seeing deteriorating fiscal positions across developed countries. The U.S. is issuing debt to pay interest on debt, with a deficit approaching $1.8 trillion.”

That fiscal strain, he noted, has been reflected in rising 10-year government bond yields not just in the U.S., but also in Europe and Japan.

“In the past, when investors sought safety, Treasuries, the dollar, and gold all tended to rise together. But this time, Treasuries and the dollar haven’t held up. That leaves gold as the only true portfolio hedge,” Chan said.

He also pointed to a wave of competitive currency devaluation as countries issue more debt, pushing investors toward assets that preserve purchasing power. Central banks, in particular, have been large buyers of gold—sometimes at the expense of Treasuries and dollar assets.

 
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## Generating Cash With Precious Metals

Gold and silver are shunned by some investors because they produce no cash flows. Kurv’s new ETFs aim to change that.

“Warren Buffett famously disliked gold because it has no utility. You dig it out of the ground only to bury it again,” Chan said. “If you’re an income investor, allocating to gold means giving up yield elsewhere. We wanted to make that trade-off easier.”

Kurv addresses that by layering an options-based strategy on top of traditional metal exposure. By doing so, the funds aim to generate cash from selling options while preserving the portfolio hedge properties of gold and silver.

While many options-based ETFs rely on simple covered call strategies, Chan said Kurv’s approach is more flexible.

“A straight covered call strategy reduces your sensitivity to the underlying asset,” he noted. “We design our exposure to stay close to, or slightly above, one-for-one with gold or silver, so investors can still benefit from price appreciation while collecting cash from the options strategy.”



 

 

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 Related Topics  [Silver](http://www.etf.com/topics/silver) 

 [Precious Metals](http://www.etf.com/topics/precious-metals)