The Conversation (0)
Seeking Alpha contributor Ben Kramer-Miller analyzed the Global X Silver Miners ETF (ARCA:SIL) and found that it does not seem to provide investors with “the exposure and leverage to the silver price that they likely hoped for.”
Seeking Alpha contributor Ben Kramer-Miller analyzed the Global X Silver Miners ETF (ARCA:SIL) and found that it does not seem to provide investors with “the exposure and leverage to the silver price that they likely hoped for.”
His concerns include:
- Silver Wheaton (SLW) recently made a large deal to buy gold from Vale (VALE).
- Hecla Mining (HL) recently purchased Aurizon Mines (AZK), which is a gold producer.
- McEwen Mining (MUX) has a lot of estimated future gold and copper production.
- SilverCrest Mines (SVLC) gets most of its revenues from gold.