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Silver Miners' ETF (SIL) Hits New 52-Week
ZACKSยท2025-08-08 10:01

Group 1 - The Global X Silver Miners ETF (SIL) has reached a 52-week high and is up 82.9% from its 52-week low price of $29.58 per share [1] - The Solactive Global Silver Miners Total Return Index measures the performance of global companies in the silver mining industry, with SIL charging 65 basis points in annual fees [1] - The recent surge in silver prices has contributed to the strong performance of SIL, driven by a weakening U.S. dollar, persistent supply deficits, and increased interest in precious metals as hedges [2] Group 2 - SIL is expected to continue its strong performance in the near term, indicated by a positive weighted alpha of 54.01, suggesting potential for further gains [3]