Markets

Global X Silver Miners ETF Leads All Funds With A 3% Gain Today

Behind The Gains

SIL closed today at $37.36 per share, up $1.07 (+2.95%). Putting this move in context, the S&P 500 index - largely considered the most popular and useful benchmark for equity performance - closed down $0.36 (-0.16%) on the day.

SIL's trading volume today was a total of 210,317 shares, which was a decrease of 21% versus its average daily trading volume of 267,390. Rising trading volume generally an indicator of increased demand for a particular security, and is typically associated with a specific news event or trend that draws investors into or out of specific asset classes, or sectors or subsectors within those classes.

Including any dividends as well as today's gains, SIL has now returned a total of 16.35% year-to-date, versus a 2.43% gain in the S&P 500 during the same timeframe. Since bottoming in late December, SIL has embarked on an impressive bull run.

A Look Under The Hood

Global X Silver Miners ETF is an Equity-focused product issued by Global X Management. Its expense ratio of 0.65% makes it the #20 cheapest ETF among 31 total funds in the Precious Metals ETFs category.

SIL currently boasts $278.30M in assets under management (AUM), placing it #10 of 31 ETFs in its category, and #575 of 1922 total ETFs in the U.S. exchange traded universe.

The investment objective of the Global X Silver Miners ETF is to provide investment results that correspond generally to the price and yield performance of the Solactive Global Silver Miners Total Return Index. With silver prices up 1.8% today, silver mining stocks are naturally seeing a bump as well.

SIL SMART Grade

SIL currently has an ETF Daily News SMART Grade of C (Neutral) , and is ranked #18 of 32 funds in the Precious Metals ETFs category.

For more information about this ETF, including full ratings, news, data, and more, please visit SIL's ticker page .

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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