Is SIL a buy? - Seeking Alpha

Quote & Headlines Market Currents StockTalk

Today 5d 1m 3m 1y 5y 10y

52wk high:

52wk low:

EPS:

PE:

Div Rate:

Yield:

Market Cap:

Volume:

1,395 people get SIL articles and Market Currents by email alert.

Get email alerts on SIL »

FOCUS | PRO | RELATED | TRANSCRIPTS | NEWS & PR

A Quality Silver ETF Poised To Grow
Antonio Carradinha • Thu, Feb 7 • 4 Comments
Silver Miners ETF: A Great Play On Silver Stocks
Scott Wright • Fri, Sep 28, 2012 • 10 Comments
Current Rate Of Silver Buying Cannot Continue At Current Price
Will Bancroft • Thu, Feb 23, 2012 • 60 Comments
Miner ETF Shakes Off Decline In Silver Prices
Tom Lydon • Thu, Sep 8, 2011 • 3 Comments
Precious Metals and Mining Stocks: An Update Part 1
Pater Tenebrarum • Mon, May 2, 2011 • 1 Comment
Spotlight on Global X Silver Miners ETF
Tom Lydon • Fri, Nov 26, 2010 • 2 Comments
Silver Miners ETF: Up 13.5% in a Month
Tom Lydon • Fri, Jun 25, 2010 • 6 Comments
On Apex Silver's Huge Day
Andrew Snyder • Tue, Sep 23, 2008 • 8 Comments
Apex Silver Mining Limited: Buy, Sell or Hold?
Bob Kirtley • Mon, Jun 2, 2008 • 3 Comments
Apex Silver Beginning Production: A Tried and True Buying Opportunity
Mark Turner • Thu, Jul 19, 2007
Is Apex Silver Mines a Buy?
The Silver Analyst • Wed, May 9, 2007 • 3 Comments

To learn more about Seeking Alpha Pro, click here.

3 Highly Profitable Silver Companies That Investors Should Consider
Ben Kramer-Miller • Wed, Jun 19 • 9 Comments
Gut Check Time For The Junior Mining Investor
Jeb Handwerger • Mon, Jun 17 • 10 Comments
Country Risk For Mining Jurisdictions - June Edition
Itinerant • Fri, Jun 14 • 9 Comments
Endeavour Silver Turning A Corner
Itinerant • Thu, Jun 13 • 6 Comments
Gold Miner ETFs Bouncing On Heavy Trading Volume
Tom Lydon • Mon, Jun 3
Sprott Is Bullish On Silver--And Gold--Equities
The Gold Report • Wed, May 29 • 1 Comment
Betting On A Gold And Silver Rebound? Consider Almaden For Potentially Outsized Returns
Christopher F. Davis • Mon, May 20 • 7 Comments
Silver Demand Remains Exceptionally Strong
Christopher F. Davis • Fri, May 17 • 32 Comments
Big Day, Good News Breaking For Barrick Gold
Emmet Kodesh • Thu, May 9 • 6 Comments
What's In Your Gold Miner ETF? The Implications Of A Reverse Split In The Pure Gold Miners ETF
Christopher F. Davis • Tue, May 7 • 5 Comments
First Majestic Silver: Strong Growth, Strategic Genius
Emmet Kodesh • Mon, May 6 • 11 Comments
GLDX: What Does The Upcoming Reverse Split Mean For Shareholders Of Gold Miners?
Christopher F. Davis • Sun, May 5 • 2 Comments
Avoid The U.S. Dollar And Euro, Not Precious Metals And The Miners
Jeb Handwerger • Fri, May 3 • 19 Comments
Buenaventura Weighs On Silver, Peru ETFs
Benzinga • Tue, Apr 30
4 Ways To Play A Silver Rebound
Vladimir Zernov • Mon, Apr 29 • 6 Comments
Gold And Silver Speculator Long Positions Wiped Out
Chris Mack • Sat, Apr 27 • 23 Comments
Gold And Silver Decimated Once More: Why It Happened And What To Do Now
Christopher F. Davis • Tue, Apr 16 • 15 Comments
Miners Stagger As Terrors Loom Over Economy, Markets
Emmet Kodesh • Tue, Apr 16 • 9 Comments
Don't Get Caught Up In Panic Selling And Capitulation In Precious Metals
Jeb Handwerger • Mon, Apr 15 • 59 Comments
Gold, Silver And Bears Oh My: What Is Behind The Huge Sell-Off?
Christopher F. Davis • Sat, Apr 13 • 129 Comments

Apex Silver Mines Limited Q2 2008 Earnings Call Transcript
Sat, Aug 16, 2008
Apex Silver Mines Limited Q1 2008 Earnings Call Transcript
Tue, May 13, 2008
Apex Silver Mines: The Wall Street Analyst Forum Presentation Transcript
Mon, Aug 20, 2007

Peter Brimelow: Stocks suffering, but crash fears recede

at MarketWatch.com (Jun 27, 2011)
Why I shorted gold and silver earlier this week

at MarketWatch.com (May 5, 2011)
ETFs and TechnicalsPay Attention!

at CNBC.com (May 4, 2011)
Is the Commodities Trade Seriously Overheated?

at CNBC.com (May 3, 2011)
The Guru's Corner: Searching for investing gold down under

at MarketWatch.com (Apr 11, 2011)
Metals: Nowhere to run to baby, nowhere to hide

at MarketWatch.com (Mar 10, 2011)
Commodities and the dollar

at MarketWatch.com (Mar 7, 2011)
Silver-miners ETF nears key test

at MarketWatch.com (Mar 2, 2011)
Outside the Box: Five reasons silver glitters more than gold

at MarketWatch.com (Jan 14, 2011)
ETF Investing: Silver ETFs outshining gold in 2010

at MarketWatch.com (Dec 5, 2010)
Power Rankings: Extreme Reflation Bets

at CNBC.com (Nov 4, 2010)
Hi ho Silver, away!

at MarketWatch.com (May 11, 2010)

SIL vs. ETF Alternatives

SIL Description

The Global X Silver Miners ETF seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the Solactive Global Silver Miners Index.
See more details on sponsor's website

Sector: Basic Materials

Key Info

In Your Portfolio: A Guide to Commodity ETFs and ETNs
Asset Class Performance: Commodities

All
| Earnings
| Dividends
| M&A
| On the move

Friday, June 7, 2:09 PM Gold miners large (GDX -4.1%) and small (GDXJ -5.3%) alike are suffering a beat-down after jobs data from both the U.S. and Canada beat estimates; gold's gains for the week are entirely erased, and the metal "could melt even faster" if the global recovery continues. ABX -4.2%, AEM -6.7%, NEM -2.8%, GG -4.5%, AU -5.5%, EGO -5%, KGC -5.3%. SLW -2.8%, SSRI -7.3%, EXK -5.9%. GLD -2%, SLV -4.1%. 39 Comments [Commodities, On the Move]
Monday, May 20, 12:57 PM As precious metals prices turn around, share prices of gold (GDX +4.7%) and silver miners (SIL +3.1%) surge: ABX +5.9%, GG +4.5%, KGC +6.4%, NEM +4.7%, SLW +4%. Even South African producers turn mixed, despite the call from the country's mine workers union for big pay increases: AU -0.8%, GFI +1.5%, HMY -0.5%. 2 Comments [Commodities, On the Move]
Wednesday, May 8, 2:05 PM Today's dead-cat bounce in the mining sector looks like a reaction to the overwhelming bearishness, expressed in the options market yesterday by heavy buying of GDX puts. Volume in the gold miners ETF (GDX +4.8%) is only about average so far, indicating mere short-covering and no stampede back into gold stocks, Randall Forsyth writes. ABX +7.6%, GG +4.5%, NEM +4%. 5 Comments [Commodities, On the Move]
Thursday, April 25, 3:39 PM Gold (GLD) futures jumped nearly $40/oz. to log their biggest one-day gain of the year, supported by physical demand, prospects for easier global monetary policies and a weaker U.S. dollar. Today's rally brings gold's recovery to ~50% of losses from the selloff that began ~$1,560. Silver (SLV) enjoyed an even bigger bounce, rising 5.7%, but it needs a lot of catching up to approach historical gold/silver ratios. 12 Comments [Commodities, Global & FX]
Monday, April 15, 12:59 PM Pan American Silver (PAAS -7%) is downgraded to Market Perform with a $19.50 target price (from $30) at BMO Capital, as a lack of growth and high cost structure expose shareholders to downside risk in a declining metal price environment. The firm cuts its EPS and cash flow/share outlook 58% and 34%, respectively, to $0.74 and $1.55, well below consensus. Also, SLW -7.5%, HL -8.5%. 3 Comments [Commodities, Quick Ideas, On the Move]
Monday, April 15, 5:03 AM Mining stocks are taking a bit of a hiding following China's slowing GDP growth and the sell-off in precious metals. Rio Tinto (RIO) -4.5% premarket, BHP Billiton (BHP) -3.6%, Barrick Gold (ABX) -3.6%, AngloGold (AU) -5.2%, IAMGold (IAG) -1.2%, Gold Fields (GFI) -5%, Goldcorp (GG) -3.9%, Kinross (KGC) -5.1%, Seabridge Gold (SA) -2.8%, Newmont Mining (NEM) -3.4%, Freeport-McMoRan Copper & Gold (FCX) -2.85% and Anglo American (AAUKF.PK) -3.9% in London. NovaGold (NG) fell 13% on Friday. 3 Comments [Commodities, On the Move]
Monday, April 15, 5:01 AM Gold futures leg down to $1,401, -6.1%. Silver -9.8% to $23.74. ETFs to watch: GLD, IAU, DGP, SGOL, UGL, PHYS, AGOL, DGL, UBG, DZZ, GLL, DGZ, UGLD, DGLD, DBP, GLDI, GDX, GDXJ, NUGT, AGQ, GLDX, PSAU, DUST, GGGG, RING, SLV, PSLV, SIVR, ZSL, DBS, USV, USLV, DSLV, SILJ, SIL, SLVP. 2 Comments [Breaking News, Commodities, On the Move]
Friday, April 12, 2:27 PM Goldman's short call on gold looks prescient, as comex gold sinks $63.50 to settle at $1,501.40/oz. for its lowest close since July 2011. Traders and analysts see no obvious trigger for the selloff, which seems to reflect the malaise that has gripped the market. Silver slips $1.37 to $26.33/oz. Miners are huge losers: HMY -7.5%, ABX -7.3%, AEM -6.9%, AUY -6.2%, SLW -5.6%, NEM -5.2%, EGO -4.9%, GFI -4.8%, GG -4.5%. 37 Comments [Commodities, On the Move]
Tuesday, April 2, 2:12 PM Silver has slid into a bear market, down ~22% since October and settling -2.5% today at $27.24, and some analysts say the pain is just beginning. Colin Cieszynski says recent moves reflect a technical breakdown but, similar to selling pressure hitting gold, silver is losing fans as inflation fears fade. iShares Silver Trust (SLV -2.4%) has extended its pattern of stair-step declines, an ominous technical warning. 19 Comments [Commodities, On the Move]
Friday, March 22, 9:49 AM Silver Wheaton (SLW +2.1%) shoots higher at the open after last night's Q4 report said earnings hit a record $0.50/share vs. $0.41 a year earlier and revenue also set a record at $287M. Attributable silver equivalent output rose 22% to 8.5M oz. Average cash costs rose to $4.70 per silver equivalent oz. from $4.06 a year ago. Comment! [Commodities, Earnings, On the Move]
Thursday, March 21, 3:28 PM In the silver market, Commerzbank thinks it's time to see movement befitting an industrial metal and less like the currency metal it has traded in recent weeks. The equivalent of 3,700 tons of silver was sold in the futures market during the past five weeks, or ~40% of 2011's total investment demand; "in the past, we often saw marked counter-movements after such pronounced developments." (earlier) 10 Comments [Commodities]
Tuesday, March 5, 10:15 AM Global M&A in the mining sector fell by a third last year to the lowest level since 2005, with nearly half of 2012’s $110B tally due to the announced Glencore-Xstrata merger, according to a PriceWaterhouse study. The data comes as little surprise to miners at this week's annual PDAC conference: "Every company coming here is saying, we don’t have the money." Comment! [Commodities, M&A, Global & FX]
Friday, February 22, 10:51 AM The absence of China last week due to the Lunar New Year celebrations “set the ball rolling and left the silver price at the mercy of the technical picture,” Julian Phillips says, expecting a "snapback just as surprising as the fall" - which has been steep, as silver has shed ~9% this month. Global Hunter's Jeff Wright likes silver more than gold now because of silver’s “industrial utility” and "true expansion” in industrial uses. 1 Comment [Commodities, Global & FX]
Wednesday, February 20, 11:41 AM The long-cycle in precious metals has peaked, writes Citi's Jon Bergtheil, arguing we'd need a level of systemic risk higher than the past few years to warrant a continued bull run. Especially vulnerable are the PM miners (GDX, SIL) which benefit from what may be mistaken belief $35 silver and $1,600 gold are the "new normal." 21 Comments [Commodities]
Thursday, February 7, 10:20 AM As mining companies suffer through rough market conditions, royalty and streaming counterparts such as Silver Wheaton (SLW) are taking advantage. With the $1.9B acquisition of gold streams from Vale, TD Securities thinks SLW "has potentially cracked the previously dormant streaming market with the global mining majors... open[ing] up a potentially significant source of deal flow for the company." 8 Comments [Commodities]
Thursday, January 31, 3:59 PM Silver Wheaton (SLW), the miner which also helps other miners pay for projects in exchange for a discount on their silver and gold output, has traditionally talked to smaller miners unable to tap debt and equity markets, but CEO Randy Smallwood says it is seeing increased interest from metal producers with market values "up into the tens and hundreds of billions." Comment! [Commodities]

Jason Burack
New Interview I just did about $GLD $SLV $GDX $GDXJ $SIL $SPY and other macro analysis http://bit.ly/13ZjLbc
Tue, 4:57 PM
Reply

• !Report Abuse
View all 0 replies
Add a reply...

140 characters

Jason Burack
$CDE $HL $PAAS $SSRI $SIL nearly all of these silver miners can produce silver at a profit at these low prices w/out cutting production.
Jun 7, 6:14 PM
Reply

• !Report Abuse
View all 0 replies
Add a reply...

140 characters

Jason Burack
$GDX $GDXJ $SIL Another article on mine project economics & bad grades http://bit.ly/1258LNP
May 24, 6:42 PM
Reply

• !Report Abuse
View all 0 replies
Add a reply...

140 characters

Jason Burack
$SIL $GDXJ Over 20% of world annual silver production is either uneconomic or close to uneconomic yet demand for metal keeps rising.
May 20, 2:12 PM
Reply (8)

• !Report Abuse
View all 8 replies
bd4uandu: Thanks bud for the reminder.
May 20, 5:45 PM
• !Report Abuse
Jason Burack: welcome
May 20, 6:02 PM
• !Report Abuse
Add a reply...

140 characters

Jason Burack
$SIL Average silver grades continue to decline at world's largest primary Silver miner, Fresnillo http://bit.ly/13ZUL4F
May 14, 4:57 PM
Reply

• !Report Abuse
View all 0 replies
Add a reply...

140 characters

Jason Burack
$GDX $GDXJ $SIL if the correction worsens, expect asset fire sales for miners to survive coming over the next few months
May 7, 1:11 PM
Reply (9)

• !Report Abuse
View all 9 replies
evan.prospect: I bet the CEO would feel guilty if he wasn't so busy spending his $17 million (and tax planning for it)!!!
May 7, 4:20 PM
• !Report Abuse
Jason Burack: He should be sued to have his bonuses stripped.
May 7, 4:28 PM
• !Report Abuse
Add a reply...

140 characters

Jason Burack
$GDX $GDXJ $SIL I forgot to post this from last week. Interview I did for Alt Investor's Hangout http://bit.ly/17J0tcV
May 7, 12:46 AM
Reply

• !Report Abuse
View all 0 replies
Add a reply...

140 characters

Jason Burack
$GDX $GDXJ $SIL Good interview w resource equity portfolio mgr on gold mining stocks http://bit.ly/ZCpg0e
May 2, 3:34 PM
Reply

• !Report Abuse
View all 0 replies
Add a reply...

140 characters

Jason Burack
$GDX $GDXJ $SIL Gold production costs could go up to $2k/oz withing 10 yrs! http://bit.ly/18dedh5
May 1, 3:48 PM
Reply (4)

• !Report Abuse
View all 4 replies
evan.prospect: Not sure I follow...they are only looking at projects that will have all-in cash costs below $1,200/oz?
May 1, 6:26 PM
• !Report Abuse
Jason Burack: Yes and no. Not many future producers can bring a gold mine into production in near future where the mine is economic below 1200/oz gold.
May 1, 10:43 PM
• !Report Abuse
Add a reply...

140 characters

Jason Burack
Podcast I did about $GLD $SLV $GDX $GDXJ $SIL If the correction continues some miners will go bust http://bit.ly/ZCIv9v
Apr 21, 10:12 PM
Reply (5)

• !Report Abuse
View all 5 replies
evan.prospect: I just bought a Jan 2015 call option on SLW...I may buy some if I can free up more cash.
Apr 22, 3:05 PM
• !Report Abuse
Jason Burack: I would keep stacking physical silver bullion too. You are buying it close to or below production cost for many miners.
Apr 22, 3:15 PM
• !Report Abuse
Add a reply...

140 characters

LATEST REPLIES

Jason Burack
$SIL $GDXJ Over 20% of world annual silver production is either uneconomic or close to uneconomic yet demand for metal keeps rising.
May 20, 2:12 PM
Reply (8)

• !Report Abuse
View all 8 replies
bd4uandu: Thanks bud for the reminder.
May 20, 5:45 PM
• !Report Abuse
Jason Burack: welcome
May 20, 6:02 PM
• !Report Abuse
Add a reply...

140 characters

Jason Burack
$GDX $GDXJ $SIL if the correction worsens, expect asset fire sales for miners to survive coming over the next few months
May 7, 1:11 PM
Reply (9)

• !Report Abuse
View all 9 replies
evan.prospect: I bet the CEO would feel guilty if he wasn't so busy spending his $17 million (and tax planning for it)!!!
May 7, 4:20 PM
• !Report Abuse
Jason Burack: He should be sued to have his bonuses stripped.
May 7, 4:28 PM
• !Report Abuse
Add a reply...

140 characters

Jason Burack
$GDX $GDXJ $SIL Gold production costs could go up to $2k/oz withing 10 yrs! http://bit.ly/18dedh5
May 1, 3:48 PM
Reply (4)

• !Report Abuse
View all 4 replies
evan.prospect: Not sure I follow...they are only looking at projects that will have all-in cash costs below $1,200/oz?
May 1, 6:26 PM
• !Report Abuse
Jason Burack: Yes and no. Not many future producers can bring a gold mine into production in near future where the mine is economic below 1200/oz gold.
May 1, 10:43 PM
• !Report Abuse
Add a reply...

140 characters

Jason Burack
Podcast I did about $GLD $SLV $GDX $GDXJ $SIL If the correction continues some miners will go bust http://bit.ly/ZCIv9v
Apr 21, 10:12 PM
Reply (5)

• !Report Abuse
View all 5 replies
evan.prospect: I just bought a Jan 2015 call option on SLW...I may buy some if I can free up more cash.
Apr 22, 3:05 PM
• !Report Abuse
Jason Burack: I would keep stacking physical silver bullion too. You are buying it close to or below production cost for many miners.
Apr 22, 3:15 PM
• !Report Abuse
Add a reply...

140 characters

The_American
The GLD SLV PHYS PSLV SIL GDX GDXJ and my fav NUGT Miners X 3 ETFs have performed IAU has lower expense ratio TC HL PAAS SWC PAL PTM PMs run
9/14/12
Reply (1)

• !Report Abuse
View all 1 replies
ebeuu: Now when to sell them provides the tensiion.
11/10/12
• !Report Abuse
Add a reply...

140 characters

The_American
NUGT still cheap with SLV GLD PHYS PSLV SIL GDX GDXJ with REMX as China making serious infrastructure X PAAS JAG TC HL MCP AVL QRM SSRI GPL
9/10/12
Reply (4)

• !Report Abuse
View all 4 replies
jdub2788: ^I've gotta agree^
9/10/12
• !Report Abuse
The_American: Who said I did not have PHYS I have American buffalo and the Eagle. They should make Buffalo in fractions The U.S. Mint should have more
9/28/12
• !Report Abuse
Add a reply...

140 characters

The_American
GLD SLV PTM PALL have SH Seems traders are in SQQQ DXD SDS for some profit taking : on VXX TVIX UVXY up and PSLV SIL SIVR PHYS GDX GDXJ NUGT
9/26/12
Reply (1)

• !Report Abuse
View all 1 replies
REIT: there is no profit to take when everything collapsing
9/26/12
• !Report Abuse
Add a reply...

140 characters

The_American
GLD may have resistance SPY DIA QQQ HDGE SDS The market had huge rally PSLV may follow Eric Prott calls for SLV @200 oz SIVR SIL GDXJ GDX HL
9/4/12
Reply (1)

• !Report Abuse
View all 1 replies
DaLatin: Sprott ? Love REAL silver ,but, world manufacturing effects silver price as big industrial use.
9/4/12
• !Report Abuse
Add a reply...

140 characters

Christopher F. Davis
FOMC minutes show QE3 very likely now. gold and silver (GLD) (SLV) and miners SHARPLY higher (NUGT) (SIL) (GDX) (GDXJ)
8/22/12
Reply (1)

• !Report Abuse
View all 1 replies
DaLatin: Early 2013 & Fed changes members is earliest FED may have enough dove votes for more QE. Still not lightly..
8/22/12
• !Report Abuse
Add a reply...

140 characters

The_American
GLD & SLV Long Term always a preservation of wealth. We are in A New World. SA UXG HL FSM PSLV XG & many GDXJ SIL GDX stocks had nice Moves
1/30/12
Reply (2)

• !Report Abuse
View all 2 replies
The_American: I would be C for cautious GLD SLV PTM PALL & Miners in GDX GDXJ have high Betas & TVIX USO @150 is NG for SPY & bull for NUGT & DUST trading
1/30/12
• !Report Abuse
stocktrader1407: FYI : UXG does not exist anymore. The new stock ticker is MUX.
1/30/12
• !Report Abuse
Add a reply...

140 characters

The_American
Go for some yield. Can't forget EUO & USD UUP going up. GDX GDXJ SIL NUGT REMX GUYFF.PK up20-30% REE almost doubled last week SH ZSL GLL GLD
1/8/12
Reply (3)

• !Report Abuse
View all 3 replies
The_American: The ones for yield are AGNC NLY GRT RSO CXS TWO ARR & DUK PFE GE and have potential upside although i would like to see pullback. M&A in BIB
1/9/12
• !Report Abuse
The_American: Be careful on the "Dividend Trap" I like NLY better CXS is subsidiary They will move ex- DVY and come down. ARR TWO all up 20% AMLP CYS IVR
1/22/12
• !Report Abuse
Add a reply...

140 characters

The_American
I am buying HL In morning. That was a wacking. Have to see how GLD & SLV trade. SIVR teasing 30 looks like an accumulation period to buy SIL
1/11/12
Reply (4)

• !Report Abuse
View all 4 replies
DAG1996: it'll probably dive a little deeper in coming days, but i'm fine with my price
1/11/12
• !Report Abuse
The_American: HL up nice today and way over reaction. SLV over 30 on fundamentals GLD was higher when SLV was at 30. That is a good sign. SIVR PSLV AG SVM
1/12/12
• !Report Abuse
Add a reply...

140 characters

The_American
There should also be a POP in SLV GLD. Very light volume. After New Year we shall see. USO looks strong which may help SLV USLV UGLD SIL SWC
12/28/11
Reply (2)

• !Report Abuse
View all 2 replies
vinyal: a bounce in gld and slv if it does not happen will be shocking
12/28/11
• !Report Abuse
murcilp640: yea seriously, i am expecting the market to POP UP tommorow
12/29/11
• !Report Abuse
Add a reply...

140 characters

The_American
XLF in my opinion is the best ETF for financials with lower expense ratio, like GLD and IAU has lower cost & PHYS PSLV SIL HL is NUGT GDXJ X
12/7/11
Reply (4)

• !Report Abuse
View all 4 replies
The_American: It's the most highly leveraged, as there is a FAZ and FAS which both are very volatile then there is KBE & SKF and XLF for the financials
12/10/11
• !Report Abuse
sean.parmelee: I wasn't being entirely serious. Was trying to convey my lack of interest in the financials sector, except shorting it with leverage.
12/10/11
• !Report Abuse
Add a reply...

140 characters

SIL Global X Silver Miners ETF

SIL

Global X Silver Miners ETF