Are Silver Miners Poised to Outperform Gold Miners?Introduction:
At the start of 2024, we were strong advocates for precious metals, and this strategy is paying off. Gold is consistently reaching new all-time highs, while silver is surging to levels not seen in over twelve years, finally capturing public attention. However, during a genuine bull run
Key stats
About Global X Silver Miners ETF
Home page
Inception date
Apr 19, 2010
Structure
Open-Ended Fund
Dividend treatment
Distributes
Distribution tax treatment
Qualified dividends
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
Global X Management Co. LLC
Distributor
SEI Investments Distribution Co.
SIL aims to track the equity market performance of global companies involved in the silver mining industry, including those engaged in silver mining and/or closely related activities such as exploration and refining. Constituents for the underlying index are derived from a ranking system based on their average daily trading volume in the last three months expressed in USD. Its portfolio is generally composed of 20-40 stocks and is also market-cap-weighted (subject to caps). The index is adjusted semi-annually.
Classification
What's in the fund
Exposure type
Non-Energy Minerals
Stock breakdown by region
Top 10 holdings
Silver miners looking bullishThis monthly chart of the Golbal X Silver Miners looks bullish. After a decade of pullback and consolidations, silver miners seem ready to rise.
We like the recent increase in volume and the bullish structure on the MACD.
A break above $39 would exit the downtrend line linking the tops and would c
Long silver miners $SIL if $SILVER manages to break outLike many other asset classes, TVC:SILVER is currently on the verge of breaking out of a year-long asymmetrical triangle
Silver miners AMEX:SIL are lagging the silver trend and could perform well in the near future if the silver breakout is successful
The Silver MinersThere are various tickers you can look at, all of them look to be at or close to support with steep hidden bullish divergence. Individual stocks would include - FSM, AG PAAS, EXK among them. This is the ETF for Silver miners. Slightly lower is possible, but I think the metals and miners will probabl
$SIL Silver Miner ETF to $40 by mid FebruaryThe biggest trade I've made in over a year. 40% of trading account. Gold is close to breaking out to new highs and when that happens silver moves even more violently to the upside. The most leverage without using actual leverage or derivatives is by buying stocks of companies that mine silver. A goo
Long-term view of SILNotice at the end of each descending wedge is a bull run. These cyclic wedge, runs are very observable. It seems to me we are near/at the bottom of a descending wedge. Soon, we'll reach another bull run likely bring us back to $50. Either the next one or the one after that (pictured) will break the
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Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.
Related funds
Frequently Asked Questions
An exchange-traded fund (ETF) is a collection of assets (stocks, bonds, commodities, etc.) that track an underlying index and can be bought on an exchange like individual stocks.
SIL trades at 42.66 USD today, its price has risen 1.77% in the past 24 hours. Track more dynamics on SIL price chart.
SIL net asset value is 42.63 today — it's risen 5.68% over the past month. NAV represents the total value of the fund's assets less liabilities and serves as a gauge of the fund's performance.
SIL assets under management is 1.55 B USD. AUM is an important metric as it reflects the fund's size and can serve as a gauge of how successful the fund is in attracting investors, which, in its turn, can influence decision-making.
SIL price has risen by 7.95% over the last month, and its yearly performance shows a 23.58% increase. See more dynamics on SIL price chart.
NAV returns, another gauge of an ETF dynamics, have risen by 5.68% over the last month, showed a 19.81% increase in three-month performance and has increased by 26.25% in a year.
NAV returns, another gauge of an ETF dynamics, have risen by 5.68% over the last month, showed a 19.81% increase in three-month performance and has increased by 26.25% in a year.
SIL fund flows account for 104.80 M USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Since ETFs work like an individual stock, they can be bought and sold on exchanges (e.g. NASDAQ, NYSE, EURONEXT). As it happens with stocks, you need to select a brokerage to access trading. Explore our list of available brokers to find the one to help execute your strategies. Don't forget to do your research before getting to trading. Explore ETFs metrics in our ETF screener to find a reliable opportunity.
SIL invests in stocks. See more details in our Analysis section.
SIL expense ratio is 0.65%. It's an important metric for helping traders understand the fund's operating costs relative to assets and how expensive it would be to hold the fund.
No, SIL isn't leveraged, meaning it doesn't use borrowings or financial derivatives to magnify the performance of the underlying assets or index it follows.
In some ways, ETFs are safe investments, but in a broader sense, they're not safer than any other asset, so it's crucial to analyze a fund before investing. But if your research gives a vague answer, you can always refer to technical analysis.
Today, SIL technical analysis shows the buy rating and its 1-week rating is strong buy. Since market conditions are prone to changes, it's worth looking a bit further into the future — according to the 1-month rating SIL shows the strong buy signal. See more of SIL technicals for a more comprehensive analysis.
Today, SIL technical analysis shows the buy rating and its 1-week rating is strong buy. Since market conditions are prone to changes, it's worth looking a bit further into the future — according to the 1-month rating SIL shows the strong buy signal. See more of SIL technicals for a more comprehensive analysis.
Yes, SIL pays dividends to its holders with the dividend yield of 1.80%.
SIL trades at a premium (0.07%).
Premium/discount to NAV expresses the difference between the ETF’s price and its NAV value. A positive percentage indicates a premium, meaning the ETF trades at a higher price than the calculated NAV. Conversely, a negative percentage indicates a discount, suggesting the ETF trades at a lower price than NAV.
Premium/discount to NAV expresses the difference between the ETF’s price and its NAV value. A positive percentage indicates a premium, meaning the ETF trades at a higher price than the calculated NAV. Conversely, a negative percentage indicates a discount, suggesting the ETF trades at a lower price than NAV.
SIL shares are issued by Mirae Asset Global Investments Co., Ltd.
SIL follows the Stuttgart Solactive AG Global Silver Miners (USD). ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
The fund started trading on Apr 19, 2010.
The fund's management style is passive, meaning it's aiming to replicate the performance of the underlying index by holding assets in the same proportions as the index. The goal is to match the index's returns.