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SIL

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1d
1w
1m

Analysis and statistics

  • Open
    53.485$
  • Previous Close
    53.8291$
  • 52 Week Change
    --
  • Day Range
    -0.34$
  • 52 Week High/Low
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  • Dividend Per Share
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  • Market cap
    --$
  • EPS
    --
  • Beta
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  • Volume
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About

SIL.US refers to the Global X Silver Miners ETF. This ETF tracks the Solactive Global Silver Miners Total Return Index, which is designed to measure the performance of companies involved in the silver mining industry. It invests in a basket of silver mining companies, offering investors exposure to this specific sector of the mining industry.
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Factors

Silver prices: The primary driver is the spot price of silver. SIL seeks to replicate the performance of silver mining companies.

Mining company performance: SIL’s price reflects the collective performance of companies in the silver mining industry. Strong company earnings drive the price up.

Market sentiment: General investor sentiment towards precious metals and mining stocks influences SIL's demand and price.

Economic conditions: Economic indicators like inflation, interest rates, and global economic growth impact investment decisions regarding precious metals.

Geopolitical risks: Political instability or global crises can increase demand for safe-haven assets like silver, affecting SIL's price.

Currency fluctuations: Changes in currency exchange rates, particularly the US dollar versus other currencies, can impact the value of silver and mining company earnings.

Fund flows: Inflows and outflows of capital into and out of SIL can directly influence its share price. Higher demand increases the price.

Management fees: SIL's expense ratio detracts from returns. The higher the fee, the more it reduces the return relative to the performance of holdings.

Supply and demand of silver: The fundamental supply and demand dynamics in the physical silver market affect silver prices.

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