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
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.