Oselote
After several years of underperformance related to silver prices, the Global X Silver Miners ETF (NYSEARCA:SIL) is showing some signs of life and a period of outperformance looks likely from current depressed levels. The SIL has a history of
SIL: Signs Of Life In Silver Miners
Summary
- Global X Silver Miners ETF is showing signs of life, and a period of outperformance is likely following years of relative weakness versus silver.
- SIL has outperformed silver prices in recent months and has room to catch up further if the historical pattern repeats.
- Expensive valuations and overly optimistic Fed rate cut expectations pose risks.
I am a full-time investor and owner of Icon Economics - a macro research company focussed on providing contrarian investment ideas across FX, Equities, and Fixed Income based on Austrian economic theory. Formerly Head of Financial Markets at Fitch Solutions, I have 15 years of experience investing and analysing Asian and Global markets.
Analyst’s Disclosure:I/we have a beneficial long position in the shares of SIL either through stock ownership, options, or other derivatives. 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.
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