SIL Global X Silver Miners ETF Forecast, Technical & Fundamental Analysis
The investment seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the Solactive Global Silver Miners Total Return Index... Show more
SIL saw its Stochastic Oscillator peaks and leaves the overbought zone
The Stochastic Oscillator for SIL moved out of overbought territory on May 12, 2025. This could be a bearish sign for the stock and investors may want to consider selling or taking a defensive position. A.I.dvisor looked at 60 similar instances where the indicator exited the overbought zone. In of the 60 cases the stock moved lower. This puts the odds of a downward move at .
Technical Analysis (Indicators)
Bearish Trend Analysis
The Momentum Indicator moved below the 0 level on May 12, 2025. You may want to consider selling the stock, shorting the stock, or exploring put options on SIL as a result. In of 89 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .
The Moving Average Convergence Divergence Histogram (MACD) for SIL turned negative on May 12, 2025. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 48 similar instances when the indicator turned negative. In of the 48 cases the stock turned lower in the days that followed. This puts the odds of success at .
Following a 3-day decline, the stock is projected to fall further. Considering past instances where SIL declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
SIL broke above its upper Bollinger Band on May 09, 2025. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
Bullish Trend Analysis
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where SIL advanced for three days, in of 289 cases, the price rose further within the following month. The odds of a continued upward trend are .
General Information
Category PreciousMetals
SIL and ETFs
Correlation & Price change
A.I.dvisor indicates that over the last year, SIL has been closely correlated with GDXJ. These tickers have moved in lockstep 96% of the time. This A.I.-generated data suggests there is a high statistical probability that if SIL jumps, then GDXJ could also see price increases.
| Ticker / NAME | Correlation To SIL | 1D Price Change % | ||
|---|---|---|---|---|
| SIL | 100% | -6.55% | ||
| GDXJ - SIL | 96% Closely correlated | -8.10% | ||
| SILJ - SIL | 96% Closely correlated | -4.71% | ||
| SLVP - SIL | 96% Closely correlated | -8.10% | ||
| GDX - SIL | 94% Closely correlated | -7.44% | ||
| GOAU - SIL | 91% Closely correlated | -7.47% | ||
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