RIA Advisory Group LLC bought a new position in shares of Global X Silver Miners ETF (NYSEARCA:SIL – Free Report) in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 13,265 shares of the company’s stock, valued at approximately $950,000.
Other large investors have also recently modified their holdings of the company. AE Wealth Management LLC boosted its holdings in Global X Silver Miners ETF by 26.9% in the 2nd quarter. AE Wealth Management LLC now owns 995 shares of the company’s stock worth $48,000 after buying an additional 211 shares during the period. SBI Securities Co. Ltd. raised its holdings in Global X Silver Miners ETF by 31.4% during the 2nd quarter. SBI Securities Co. Ltd. now owns 891 shares of the company’s stock valued at $43,000 after acquiring an additional 213 shares during the period. Aptus Capital Advisors LLC raised its holdings in Global X Silver Miners ETF by 45.3% during the 3rd quarter. Aptus Capital Advisors LLC now owns 722 shares of the company’s stock valued at $52,000 after acquiring an additional 225 shares during the period. Creative Planning lifted its position in shares of Global X Silver Miners ETF by 1.2% during the second quarter. Creative Planning now owns 19,867 shares of the company’s stock worth $956,000 after acquiring an additional 236 shares in the last quarter. Finally, Ameriflex Group Inc. lifted its position in shares of Global X Silver Miners ETF by 100.0% during the third quarter. Ameriflex Group Inc. now owns 538 shares of the company’s stock worth $39,000 after acquiring an additional 269 shares in the last quarter.
Global X Silver Miners ETF Price Performance
Global X Silver Miners ETF stock opened at $87.87 on Thursday. The firm has a market capitalization of $5.75 billion, a P/E ratio of 32.07 and a beta of 0.71. Global X Silver Miners ETF has a one year low of $33.11 and a one year high of $119.24. The business has a fifty day moving average price of $102.22 and a 200-day moving average price of $82.91.
Key Stories Impacting Global X Silver Miners ETF
- Positive Sentiment: Longer‑term bullish narrative for physical metals could underpin miner shares over time — Kitco publishes a feature arguing a structural shift toward physical gold and silver could sharply re‑rate prices and damage the “paper” market, a positive backdrop for miners if realized. The great physical realignment: Gold $10,000, silver $200, and the death of the paper market
- Positive Sentiment: Geopolitical risk in the Middle East remains a two‑edged sword: while it can lift safe‑haven demand for silver/gold, recent commentary notes that war risks are still providing underlying support to precious metals, which could help miners if the bid resumes. Gold (XAUUSD) & Silver Price Forecast: War Risks vs. High Rates; XAU Pivot – $5,062 Break or $4,910 Sink?
- Neutral Sentiment: Market technicians and commentators see gold and silver around key support levels; that implies potential stabilization if macro data and Fed guidance calm — but it’s not an immediate catalyst. Gold and silver getting comfortable around key support levels
- Neutral Sentiment: Pocket news: a junior miner (Pinnacle Silver & Gold) reported new polymetallic mineralization — positive for exploration sentiment but not material to SIL’s ETF-level performance. Pinnacle Silver and Gold discovers new polymetallic mineralization at El Potrero
- Negative Sentiment: Hot U.S. inflation data weighed on gold and silver, triggering risk‑off in precious metals and prompting selling in miners — directly negative for SIL’s NAV and share price. Hot U.S. inflation report sinks gold, silver
- Negative Sentiment: Oil price spikes and related market jitters sent gold, silver and copper lower; miners across London and Toronto fell intra‑day, showing the sector’s sensitivity to commodity volatility. Fresnillo other miners slide as gold, silver and copper prices tumble as oil spikes
- Negative Sentiment: Several market forecasts highlight downside risk if the Fed turns more hawkish after PPI/FOMC — a higher real rate environment tends to pressure precious metals and miner equities. Gold (XAUUSD), Silver, Platinum Forecasts – Gold Dives 2% As Oil Prices Test New Highs
Global X Silver Miners ETF Profile
The Global X Silver Miners ETF (SIL) is an exchange-traded fund that mostly invests in materials equity. The fund tracks a market-cap-weighted index of companies actively engaged in the silver mining industry. SIL was launched on Apr 19, 2010 and is managed by Global X.
Further Reading
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