SIL: Not My Preferred Precious Metals Play

Blue Chip Portfolios
1.83K Followers

Summary

  • The Global X Silver Miners ETF (SIL) is designed to give investors exposure to silver minders.
  • SIL has underperformed other precious metals and mining vehicles since its launch in 2010.
  • I believe investors should consider Wheaton Precious Metals (WPM) as an alternative to SIL due to its strong historical performance and strong business model.

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ETF Overview

The Global X Silver Miners ETF (NYSEARCA:SIL) seeks to provide investment results that track the Solactive Global Silver Miners Total Return Index, which seeks to provide market capitalization weighted exposure to companies active in exploration, mining, and/or refining of

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Analyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

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About SIL ETF

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