Average Daily Volume
1.1M
Fund Overview
The Global X Silver Miners ETF (SIL) provides investors with exposure to a broad range of silver mining companies. The fund seeks to track the Solactive Global Silver Miners Index, which includes companies engaged in the exploration, development, and production of silver. These companies may also produce other precious and base metals, but their primary revenue driver is silver. SIL offers a convenient way to gain diversified exposure to the silver mining industry without having to invest in individual stocks. The ETF is designed for investors who believe in the long-term potential of silver and want to capitalize on the performance of companies that benefit from rising silver prices.
- Asset Class
-
Equity
- Industry
-
Silver Miners
- Annual Dividend Rate
-
- Smart Beta
-
No
- Leveraged / Inverse
-
N/A / No
- Dividend Quality - Yield
-
- -0.17 %
- Currency Hedged
-
No
- Portfolio Turnover
-
N/A
- Dividend Date
-
Why Invest in the SIL ETF?
Potential Benefits
- Provides exposure to silver mining companies, which can offer leveraged returns compared to physical silver prices.
- Diversifies risk across multiple silver miners rather than relying on a single company.
- Offers liquidity and ease of trading compared to investing in physical silver or individual mining stocks.
- Potential for capital appreciation if silver prices rise due to industrial demand or inflation hedging.
Potential Risks
- Silver mining stocks can be volatile and may underperform physical silver in certain market conditions.
- Exposure to operational risks, such as mining accidents, labor disputes, or regulatory changes.
- Sensitivity to fluctuations in silver prices, which can be influenced by macroeconomic factors.
- Higher expense ratio compared to physical silver ETFs due to active management and operational costs.
RSI data unavailable or insufficient history.
Monthly Returns (%)
| Year |
Jan |
Feb |
Mar |
Apr |
May |
Jun |
Jul |
Aug |
Sep |
Oct |
Nov |
Dec |
| 2026 |
+12.9%
|
+25.2%
|
-23.7%
|
-1.7%
|
+5.8%
|
-17.2%
|
-4.8%
|
+32.8%
|
-12.2%
|
+0.7%
|
-
|
-
|
| 2025 |
+8.9%
|
+0.4%
|
+13.6%
|
+3.3%
|
+5.9%
|
+11.8%
|
-1.7%
|
+22.7%
|
+23.3%
|
-7.1%
|
+16.7%
|
+8.7%
|
| 2024 |
-10.5%
|
-9.1%
|
+18.9%
|
+11.4%
|
+13.4%
|
-10.1%
|
+10.5%
|
-5.0%
|
+7.2%
|
+10.2%
|
-6.0%
|
-10.5%
|
| 2023 |
+7.5%
|
-12.0%
|
+15.2%
|
-2.7%
|
-9.7%
|
-3.5%
|
+6.8%
|
-4.5%
|
-9.8%
|
+0.5%
|
+15.3%
|
+2.9%
|
| 2022 |
-10.1%
|
+3.3%
|
+6.8%
|
-9.7%
|
-7.5%
|
-14.5%
|
+1.9%
|
-11.6%
|
+3.4%
|
+3.8%
|
+14.3%
|
-1.3%
|
| 2021 |
-4.0%
|
-4.4%
|
-4.7%
|
+4.5%
|
+16.8%
|
-11.9%
|
-1.2%
|
-4.4%
|
-12.9%
|
+10.7%
|
-2.8%
|
-1.7%
|
| 2020 |
-6.3%
|
-12.4%
|
-12.4%
|
+29.9%
|
+16.7%
|
+2.7%
|
+30.6%
|
+2.7%
|
-12.7%
|
-2.4%
|
-5.5%
|
+16.0%
|
| 2019 |
+8.5%
|
-1.0%
|
-1.8%
|
-7.3%
|
-5.8%
|
+16.7%
|
+1.7%
|
+13.2%
|
-8.9%
|
+8.0%
|
-2.2%
|
+13.1%
|
| 2018 |
-1.0%
|
-8.5%
|
+3.9%
|
-0.5%
|
-0.8%
|
-4.8%
|
-4.0%
|
-11.0%
|
-1.8%
|
-4.8%
|
-0.1%
|
+9.9%
|
| 2017 |
+18.9%
|
-4.7%
|
-1.0%
|
-3.1%
|
+0.4%
|
-3.1%
|
+1.9%
|
+1.2%
|
-5.8%
|
-2.9%
|
-3.0%
|
+5.1%
|
< -5%
-5% to -2%
-2% to 0%
0%
0% to +2%
+2% to +5%
> +5%
Top Holdings (by weight)
| Symbol |
Company Name |
Weight |
|
CDE
|
COEUR MINING INC |
6.1 % |
|
BVN
|
COMPANIA DE MINAS BUENAVENTURA SAA ADR |
4.9 % |
|
HL
|
HECLA MINING CO |
3.7 % |
|
MAG
|
MAG SILVER CORP |
2.2 % |
|
TFPM
|
TRIPLE FLAG PRECIOUS METALS CORP |
2.1 % |
|
EXK
|
ENDEAVOUR SILVER CORP |
1.6 % |
|
SVM
|
SILVERCORP METALS INC |
1.3 % |
|
VZLA
|
VIZSLA SILVER CORP ORDINARY SHARES (NEW SHARES) |
0.8 % |
Top 10 holdings shown, out of 34 total holdings.
Related ETFs: SIL vs Peers
Comparison highlights key differences on cost, coverage, and focus within sector ETFs.
Investment Strategy
The Global X Silver Miners ETF (SIL) aims to track the Solactive Global Silver Miners Index, which includes companies primarily engaged in silver mining. The index is market-cap weighted, meaning larger companies have a greater influence on performance. The fund holds equities of silver miners globally, providing diversified exposure to the sector. SIL is passively managed, meaning it seeks to replicate the index rather than outperform it. The fund rebalances periodically to maintain alignment with the index composition, ensuring that it reflects the current market landscape of silver mining companies.
Frequently Asked Questions
Does SIL hold physical silver?
No, SIL invests in the stocks of silver mining companies rather than physical silver. For direct exposure to silver prices, consider ETFs like SLV or PSLV.
How often does SIL rebalance its holdings?
SIL rebalances periodically to align with the Solactive Global Silver Miners Index, typically on a quarterly or semi-annual basis.
What is the expense ratio of SIL?
SIL has an expense ratio of 0.65%, which is competitive for a specialized mining ETF but higher than broad-market or physical silver ETFs.
Can SIL be used as a hedge against inflation?
Yes, silver and silver miners are often considered inflation hedges, though they can be more volatile than gold-related investments.
Industry Overview
The Global X Silver Miners ETF (SIL) invests in companies involved in the silver mining industry. Silver is a precious metal with both industrial and investment demand, used in electronics, solar panels, jewelry, and as a store of value. Unlike gold, silver has significant industrial applications, which can drive price movements based on economic activity. Investing in silver miners through SIL allows investors to benefit from potential upside in silver prices while gaining exposure to companies that may also produce other metals. The ETF is suitable for investors seeking leveraged exposure to silver or those looking to diversify within the precious metals sector.
Alternative Comparison
Compared to the ETFMG Prime Junior Silver Miners ETF (SILJ), which focuses on smaller silver mining companies, SIL offers broader exposure to both large and mid-cap silver miners. While SILJ may provide higher growth potential due to its focus on juniors, it also carries higher volatility. Another alternative is the iShares Silver Trust (SLV), which tracks physical silver prices rather than mining stocks. Unlike SLV, SIL provides leveraged exposure to silver prices through equity holdings, making it more volatile but potentially more rewarding in bullish silver markets.
Issuer Overview
Global X ETFs is a leading provider of thematic and income-focused ETFs. Known for its innovative investment strategies, Global X offers funds targeting specific sectors, commodities, and emerging trends. The issuer emphasizes transparency, liquidity, and cost efficiency in its products, making it a popular choice among both retail and institutional investors.
Conclusion
The Global X Silver Miners ETF (SIL) is a strategic choice for investors looking to gain exposure to the silver mining industry. By investing in a diversified basket of silver miners, SIL offers potential upside from rising silver prices while mitigating some risks associated with individual stocks. However, investors should be mindful of the sector's volatility and the fund's expense ratio. SIL is best suited for those with a bullish outlook on silver and a tolerance for market fluctuations.
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