As of September 16, 2026, Global X Silver Miners ETF (SIL) trades at $92.71. RSI at 35 is in neutral territory, and the price is above its 50-day average of $86.53.
Global X Silver Miners ETF (SIL)
Global X Silver Miners ETF NYSE
Global X Silver Miners ETF (SIL) is an exchange-traded fund providing targeted exposure to companies involved in the silver mining industry. The fund seeks to track a market-cap-weighted index of global firms engaged in silver exploration, extraction, and related mining activities. SIL is used by market participants looking for sector-specific exposure within the materials and precious-metals segment. The ETF's strategy focuses on a diversified basket of precious-metals producers through a single security, encompassing miners, royalty and streaming businesses, and other firms tied to the silver supply chain.
SIL's price action shows it trading below its 20-day exponential moving average (EMA) at $95.43, indicating short-term weakness. While it remains above its 50-day simple moving average (SMA) of $86.53 and 200-day SMA of $90.49, the bearish RSI status suggests a potential for further downside. The fund's year-to-date return of 17.19% has significantly outperformed its category return of 4.19%, but its 1-year return of 71.34% lags the category's 96.46%.
SIL Price Analysis
Market Metrics
SIL Fund Facts
Global X Silver Miners ETF is an exchange-traded fund that provides targeted exposure to companies involved in the silver mining industry. The fund seeks to track a market-cap-weighted index of global firms engaged in silver exploration, extraction, and related mining activities, offering a convenient way to access a diversified basket of precious-metals producers through a single security.
Sector weights
Trailing returns vs category
| Period | SIL | Category |
|---|---|---|
| YTD | 17.19% | 4.19% |
| 1 month | 33.02% | -1.50% |
| 3 months | 4.97% | -6.15% |
| 1 year | 71.34% | 96.46% |
| 3 years | 56.87% | 41.64% |
| 5 years | 20.88% | 20.43% |
| 10 years | 10.14% | 13.17% |
Fund reference data as of Sep 16, 2026. Expense ratio and net assets are reported by the fund; returns are total returns and can differ from price change.
SIL Analysis
At 34.61, SIL's Relative Strength Index (RSI) indicates bearish momentum, suggesting that the ETF is in oversold territory. The ETF is currently trading below its 20-day EMA of $95.43, which is acting as resistance. However, SIL is trading above its 50-day SMA of $86.53 and its 200-day SMA of $90.49, which may act as support levels. The Moving Average Convergence Divergence (MACD) is at 2.08, suggesting a potential shift in momentum. The Stochastic indicator at 11.30 further supports the oversold condition.
The 50-day SMA at $86.53 is currently above the 200-day SMA at $90.49, which is an unusual configuration that may warrant further investigation into the fund's underlying constituents and sector trends. The current price of $92.71 is below the 20-day EMA, indicating short-term weakness, but above its 50-day and 200-day moving averages ($86.53 and $90.49), suggesting that longer-term support may still be in place.
- Monitor silver prices closely, as they are the primary driver of SIL's performance.
- Be aware of the high concentration risk; consider diversifying across different sectors or asset classes.
- Evaluate the geopolitical and regulatory landscape in key silver-producing regions, as these can impact mining operations and costs.
The outlook for the Global X Silver Miners ETF (SIL) is cautiously bearish in the short term, given its current technical indicators. Trading below its 20-day EMA and exhibiting a bearish RSI status suggest potential for further price declines. The ETF's heavy concentration in basic materials and reliance on silver prices expose it to significant commodity-specific risks.
However, longer-term support may be found at the 50-day and 200-day SMAs. The thesis could shift if silver prices experience a significant upward trend, driven by industrial demand, inflation hedging, or supply constraints. Any positive developments in the operational efficiency or financial health of the underlying mining companies could also improve SIL's prospects.
Market Correlations
How this etf moves relative to other assets
Based on 1 year of daily price data. Correlations may vary over different time periods.
How does any other asset move with SIL? One year of daily closes, Pearson correlation.
Key Statistics
| Yield | 1.10% |
|---|---|
| Day High | $93.61 |
| Day Low | $91.21 |
| 52 Week High | 119.24 |
| 52 Week Low | 59.80 |
Global X Silver Miners ETF (SIL) is heavily concentrated in the Basic Materials sector, with 99.86% of its assets allocated to stocks. This high concentration means the ETF's performance is closely tied to the fortunes of the global silver mining industry. The fund's expense ratio is 0.65%, costing $65.00 per $10,000 invested. With net assets of $5,261,147,648, SIL is a substantial fund within its niche.
The ETF's overview highlights its strategy to track a market-cap-weighted index of global firms engaged in silver exploration, extraction, and related mining activities. This approach offers investors a diversified basket of precious-metals producers. The fund's asset allocation is entirely in stocks, reflecting its equity focus. The turnover rate of 27.57% suggests a relatively stable portfolio composition over time.
Earnings & Growth Analysis
However, the performance of its underlying holdings, which are companies engaged in silver exploration and extraction, is critical. The sector's earnings trends are directly influenced by silver prices, mining operational efficiency, and global economic conditions that impact demand for silver in industrial and investment applications.
The aggregate earnings of the companies within SIL's portfolio will dictate the fund's overall performance. Positive trends in silver prices and operational improvements among miners would likely translate to higher earnings for these companies, potentially boosting SIL's returns. Conversely, falling silver prices or increased production costs could negatively impact earnings and, consequently, the ETF's value.
Key Risks
The primary risk for SIL is its high concentration in the Basic Materials sector, specifically silver mining companies. This makes the ETF highly susceptible to fluctuations in silver prices and the operational risks inherent in the mining industry, such as geopolitical instability in mining regions, regulatory changes, and environmental concerns.
Another significant risk is sector-specific downturns. If the broader precious metals market experiences a sell-off, or if demand for silver decreases due to economic slowdowns, SIL could experience substantial losses. The ETF's performance also relies on the management and financial health of its underlying holdings, introducing individual company risk within the concentrated portfolio.
Technical Indicators
| RSI (14) | 34.61 |
|---|---|
| MACD | 2.08 |
| SMA 50 | 86.53 |
| SMA 200 | 90.49 |
SIL Trade Plans
Specific entry, exit, and risk management levels
Short entry pick an entry style
Risk Management
Profit Targets (Based on Conservative Entry)
Growth of $10,000
A $10,000 investment in SIL in September 2016 would be worth about $21,235 today, compared with about $35,497 for the same investment in the S&P 500 benchmark.
Compare with Another Ticker
Monte Carlo Projection (10yr)
CleaRank's 10-year Monte Carlo simulation projects that a $10,000 investment in SIL today could grow to about $20,649 by 2036 in the base case, with a bull case near $104,456 and a bear case around $4,082. Projections are statistical simulations, not guarantees.
SIL ETF Price Prediction: 2030
CleaRank's simulation projects a price near $124 for SIL by 2030 in the base case, from $92.71 today (1.3x over 4 years). The downside path ends near $44.45. These are outcomes of a Monte Carlo simulation run on SIL's historical return distribution, not price targets, and they assume no dividends are reinvested.
| Year | Downside (10th pct) | Base case | Upside (90th pct) |
|---|---|---|---|
| 2027 | $59.70 | $99.68 | $166 |
| 2028 | $51.91 | $107 | $221 |
| 2029 | $47.42 | $115 | $280 |
| 2030 | $44.45 | $124 | $345 |
| 2031 | $42.34 | $133 | $419 |
| 2032 | $40.81 | $143 | $503 |
| 2033 | $39.68 | $154 | $598 |
| 2034 | $38.85 | $166 | $706 |
| 2035 | $38.25 | $178 | $829 |
| 2036 | $37.84 | $191 | $968 |
Method: 10,000 simulated price paths using SIL's historical volatility and drift, re-run daily. The base case is the median path; the two outer columns are the 10th and 90th percentile outcomes, which widen with time because uncertainty compounds. Simulations are not guarantees, and past volatility does not predict future returns. This is analysis, not investment advice.