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.
MARKETS
COMMODITIES
| Commodities | |||
|---|---|---|---|
| Gold | 1805.19 | -1.68 | |
| Silver | 20.21 | -0.05 | |
| Copper | 3.67 | -0.04 | |
| Palladium | 1931.50 | +9.50 | |
| Platinum | 898.00 | +1.00 | |
| Oil | 106.13 | +0.37 | |
| Heating Oil | 3.86 | +0.03 | |
| Natural Gas | 5.72 | +0.30 | |
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