After tremendous price gains in 2025, gold and silver prices have so far in 2026 moved sideways, with continued significant volatility. This type of sideways price action makes option strategy ETFs attractive. One is the Nicholas Gold Income ETF (GLDN), which launched in February, says Tim Plaehn, editor of The Dividend Hunter.
Investors earn attractive distribution yields – and they’ll participate in the gains if and when gold and silver make their next moves higher.
(Editor’s Note: Tim is speaking at our 2026 MoneyShow Masters Symposium Las Vegas, scheduled for July 19-22. Click HERE to register.)
Nicholas Gold Income ETF (GLDN)
XFunds by Nicholas Wealth recently launched a pair of precious metals funds that offer unique features for this type of ETF. GLDN yields around 15%.
Compared to other precious metals covered call ETFs, the Nicholas funds use a mixed-strategy approach to their holdings. By this, I mean the funds own metal-tracking ETFs as part of their holdings – and hold shares of mining stocks for a portion of the holdings. For example, GLDN has 48.7% of its portfolio in the SPDR Gold MiniShares Trust ETF (GLDM).
Mining stocks can add extra gains to a portfolio when commodity prices rise. Mining companies, with relatively fixed production costs, leverage any gains in the value of the metals they produce.
