Core Insights - The iShares Silver Trust (SLV) and the Global X - Silver Miners ETF (SIL) provide different investment approaches to the silver market, with SLV tracking physical silver prices and SIL investing in silver mining companies [1][8]. Cost & Size - SLV has a lower expense ratio of 0.50% compared to SIL's 0.65%, making it more cost-effective for investors [3]. - As of January 26, 2026, SLV has a one-year return of 268.4% while SIL has a return of 247.4% [3]. - SLV has assets under management (AUM) of $38 billion, significantly larger than SIL's $5 billion [3]. - SIL offers a dividend yield of 1.18%, while SLV does not pay dividends [4]. Performance & Risk Comparison - Over five years, SLV has a maximum drawdown of -39.33%, while SIL has a higher drawdown of -55.79% [5]. - An investment of $1,000 in SLV would grow to $4,384 over five years, compared to $2,810 for SIL [5]. Portfolio Composition - SIL invests in 39 global silver mining stocks, focusing entirely on the Basic Materials sector, with major holdings in Wheaton Precious Metals, Pan American Silver, and Coeur Mining [6]. - SLV provides pure exposure to silver prices, with all assets linked to Real Estate as a proxy for physical silver holdings [7]. Investment Implications - SIL's focus on mining companies allows for potential higher returns when these companies perform well, but it also introduces greater risk if they underperform [9]. - SLV offers a straightforward investment in silver prices without the complexities associated with mining operations and equity market fluctuations [9]. - The choice between SLV and SIL depends on investor objectives, with SLV suitable for those seeking direct silver price exposure and SIL for those interested in the broader silver market including mining companies [10].

1月27日晚，易方达黄金主题LOF（A类份额）、国投白银LOF（A类份额）发布暂停申购及定期定额投资业务的公告。 店员称："买金条的人更多，上午十二点多，500克、1000克的大板料就已售罄，中午柜台只剩50克、100克的小规格产品。" 在此提醒：投资有风险，入市需谨慎！ 黄金、白银LOF基金今起暂停申购 1月28日，由于美元持续走软以及市场避险情绪升温，国际金价在亚洲交易时段继续上涨，伦敦黄金现货价格以及纽约黄金期货价格均突破每盎司5200美 元。 截至北京时间28日10点，伦敦黄金现货价格报5204.96美元/盎司，涨幅为2.41%。纽约商品交易所2月交割的黄金期价报5207.07美元/盎司，涨幅为0.50%。 国内黄金饰品价格对比显示，多家黄金珠宝品牌当日公布的境内足金首饰价格大幅上调，周生生报价1614元/克，周大福报价1618元/克，老凤祥报价1620 元/克，老庙黄金报价1612元/克。 金价狂飙！1月28日，国内黄金金饰价格已突破1600元/克，郑州一普通黄金柜台仅上午3小时就售出120万元投资金条。 易方达黄金主题LOF暂停申购 1月27日晚，易方达黄金主题证券投资基金（LOF）发布公告称，易 ...

Hecla Mining Company Investor Day Summary Company Overview - **Company Name**: Hecla Mining Company (NYSE: HL) - **Headquarters**: Coeur d'Alene, Idaho - **Market Capitalization**: Over $17 billion as of mid-January 2026 - **Share Ownership**: 22% retail, 78% institutional - **Operations**: Four precious metals mines located in the United States and Canada, positioning Hecla as the lowest geopolitical risk silver miner in the sector [4][5] Key Points from the Investor Day Strategic Transformation - **Leadership Change**: Rob Krcmarov appointed as CEO in November 2024, focusing on fundamental transformation and disciplined capital allocation [7][8] - **Exploration Budget**: The board approved a $55 million exploration budget for 2026, nearly double the previous year, indicating a commitment to future growth [9] - **Operational Excellence**: Emphasis on operational performance, financial frameworks, and exploration strategies to sustain growth through commodity cycles [9][10] Recent Developments - **Sale of Hecla Quebec**: Agreement to sell Hecla Quebec for nearly $600 million, redirecting focus towards silver production [11][12] - **Production Guidance**: Expected silver production for 2026 is between 15.1 million and 16.5 million ounces, with a potential pathway to 20 million ounces in the medium term [35][36] Financial Performance - **Free Cash Flow**: Generated $310 million in free cash flow in 2025, with all operations being free cash flow positive [26][43] - **Debt Reduction**: Gross leverage improved from 1.6x to 0.4x, with a target for complete deleveraging [43][44] - **Return on Invested Capital (ROIC)**: Increased from 4% in 2024 to 12% in 2025, with expectations for continued strong performance [44][46] Market Position and Silver Focus - **Silver Revenue**: Approximately 50% of revenues generated from silver, compared to 20%-30% for peers, highlighting Hecla's commitment to silver over gold [29][61] - **Supply-Demand Dynamics**: The silver market is in a structural deficit, with a cumulative supply deficit of 800 million ounces since 2021, driven by strong industrial demand and constrained supply [58][59] - **Investment in Silver**: Hecla's focus on silver is expected to yield significant returns due to its unique properties and increasing demand in various sectors, including solar energy and electrification [60][61] Operational Excellence - **Safety Improvements**: Achieved a 13% improvement in total reportable injury frequency rate in 2025, with ongoing investments in safety training and hazard reporting [64][65] - **Technology Integration**: Implementation of integrated systems for real-time monitoring and decision-making to enhance operational efficiency [66] Conclusion Hecla Mining Company is positioned for significant growth in the silver market, driven by a strategic focus on operational excellence, disciplined capital allocation, and a strong commitment to safety and sustainability. The company's transformation under new leadership aims to unlock value and capitalize on the growing demand for silver in a favorable geopolitical landscape.

For investors seeking momentum, ProShares Ultra Silver (AGQ) is probably on the radar. The fund just hit a 52-week high and is up 616.7% from its 52-week low price of $31.88/share.But are there more gains in store for this ETF? Let’s take a quick look at the fund and the near-term outlook on it to get a better idea of where it might be headed:AGQ in FocusThe ProShares Ultra Silver seeks daily investment results, before fees and expenses, that correspond to two times the daily performance of the Bloomberg Si ...

Core Insights - The surge in silver prices has prompted mining companies to adjust their pricing strategies based on evolving fundamentals [1] Group 1: Market Dynamics - Mining companies are increasingly factoring in the changing fundamentals of silver into their pricing models [1] - The iShares MSCI Global Silver holdings reflect these adjustments in market behavior [1] Group 2: Research and Analysis - Financial Serenity, managed by Tommaso Scarpellini, focuses on asset management sector analysis [1] - The initiative aims to provide in-depth insights into the dynamics of the asset management market [1] - The analysis combines rigorous data evaluation with actionable opinions on ETFs and trending instruments [1]

The theme song for the exchange-traded fund industry could very well be Frank Sinatra’s "It Was a Very Good Year," as the industry hit $1.25 trillion annually in assets through November, faster than any other time in history. "I think, largely speaking, you look across the different asset classes – stocks, bonds, commodities, gold, of course – it's been a very good year to own assets. Assets largely across the board have outperformed cash. So, it's just been a positive returning environment for assets. So, ...

The Global X Silver Miners ETF (NYSEARCA: SIL) delivered 158% returns in 2025 while the S&P 500 gained 15%. ...

Core Insights - Amplify Junior Silver Miners ETF (SILJ) has surpassed $3 billion in assets under management as of November 30, 2025, reflecting strong investor interest in the silver market [1][5] - SILJ, launched in 2012, is the first ETF targeting small-cap silver miners, aiming to correlate with the Nasdaq Junior Silver Miners™ Index [1] - The year-to-date NAV return for SILJ is 161.48% as of November 30, 2025, indicating significant performance [1] Industry Overview - The silver market is expected to face one of the largest deficits in over 20 years, with demand projected to exceed supply by 149 million ounces in 2025, marking the fifth consecutive year of supply shortfalls [3] - Silver's status as a safe haven asset is reinforced by its role as a hedge against inflation and economic uncertainty, making it attractive for investors [3] - The gold-to-silver ratio remains historically favorable, enhancing silver's relative value [3] Demand Drivers - Industrial demand for silver has increased by over 55% from 2015 to 2024, driven by applications in AI semiconductor chips, solar panels, electric vehicles, and other technologies [4] - Industrial use now constitutes over half of total silver demand, highlighting silver's critical role in next-generation technologies [4] - The U.S. Department of the Interior has added silver to the Critical Minerals List, emphasizing its strategic importance for technology and renewable energy sectors [4] Company Insights - Christian Magoon, CEO of Amplify ETFs, noted that SILJ's growth is attributed to both inflows and price appreciation, with further upside potential as silver fundamentals strengthen [5] - Amplify also offers the Amplify SILJ Covered Call ETF (SLJY), which aims for monthly income and capital appreciation through exposure to junior silver mining companies [5] - SLJY targets an 18% annualized covered call option income and is part of Amplify's YieldSmart™ suite of income ETFs [5] Financial Performance - Amplify ETFs manages over $16.6 billion in assets as of November 30, 2025, indicating a robust presence in the ETF market [7]

Core Insights - The latest data on ETF silver net holdings shows an increase in net holdings from 15,257.92 tons on November 21 to 15,511.81 tons on November 24, indicating a positive trend in silver investment [1] Summary by Category ETF Silver Net Holdings - As of November 24, 2025, the ETF silver net holdings reached 15,511.81 tons, equivalent to approximately 498,716,277.9 ounces, with a total value of about 2,494,774.59 million USD [1] - On November 21, 2025, the ETF silver net holdings were recorded at 15,257.92 tons, or approximately 490,553,367.9 ounces, valued at around 2,398,348.13 million USD [1]

Core Insights - The abrdn Physical Silver Shares ETF (SIVR) and iShares Silver Trust (SLV) are two of the largest physical silver ETFs, with SIVR being cheaper in terms of expense ratio, which could impact long-term returns [1][2][10] Cost and Size Comparison - SIVR has an expense ratio of 0.30%, while SLV has a higher expense ratio of 0.50% [3][4] - As of October 28, 2025, SIVR has a one-year return of 39.4% compared to SLV's 39.0% [3] - SIVR has assets under management (AUM) of $3 billion, significantly lower than SLV's AUM of $22.7 billion [3][6] Performance and Risk Metrics - The maximum drawdown over five years for SIVR is -38.61%, while SLV's is slightly worse at -38.79% [5] - An investment of $1,000 in SIVR would grow to $1,988 over five years, compared to $1,967 for SLV [5] Investment Characteristics - Both ETFs are designed to track silver prices and do not pay dividends [7] - SIVR offers a straightforward approach to physical silver exposure, similar to SLV, but with lower costs [7][10] Market Context - Silver is used extensively in industrial applications, with nearly 60% of global demand coming from sectors like electronics and electricals [8] - Investing in silver can be achieved through various methods, but ETFs like SIVR and SLV provide direct exposure to silver prices [9]