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SIL
ETF ticker: NYSE ARCA
AS OF
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Price
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Net Assets
854.82M

SIL Global X Silver Miners ETF Forecast, Technical & Fundamental Analysis

Technical Analysis# Of IndicatorsAvg. Odds
   
   
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A.I.Advisor
a Summary for SIL with price predictions
08:00 PM EDT Sep 20, 2023

SIL in -2.65% downward trend, falling for three consecutive days on September 19, 2023

Moving lower for three straight days is viewed as a bearish sign. Keep an eye on this stock for future declines. Considering data from situations where SIL declined for three days, in of 316 cases, the price declined further within the following month. The odds of a continued downward trend are .

Price Prediction Chart

Technical Analysis (Indicators)

Bearish Trend Analysis

SIL moved below its 50-day moving average on September 19, 2023 date and that indicates a change from an upward trend to a downward trend.

The Aroon Indicator for SIL entered a downward trend on August 30, 2023. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.

Bullish Trend Analysis

The Stochastic Oscillator suggests the stock price trend may be in a reversal from a downward trend to an upward trend. of 62 cases where SIL's Stochastic Oscillator exited the oversold zone resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .

The Momentum Indicator moved above the 0 level on September 18, 2023. You may want to consider a long position or call options on SIL as a result. In of 90 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .

The Moving Average Convergence Divergence (MACD) for SIL just turned positive on September 14, 2023. Looking at past instances where SIL's MACD turned positive, the stock continued to rise in of 48 cases over the following month. The odds of a continued upward trend are .

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where SIL advanced for three days, in of 297 cases, the price rose further within the following month. The odds of a continued upward trend are .

Fundamental Analysis (Ratings)

Fear & Greed
A.I.Advisor
published Highlights

Notable companies

The most notable companies in this group are Wheaton Precious Metals Corp (NYSE:WPM), Pan American Silver Corp (NYSE:PAAS), SSR Mining (NASDAQ:SSRM), Hecla Mining Company (NYSE:HL).

Industry description

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. The fund invests at least 80% of its total assets in the securities of the underlying index and in American Depositary Receipts ("ADRs") and Global Depositary Receipts ("GDRs") based on the securities in the underlying index. The underlying index is designed to measure broad-based equity market performance of global companies involved in the silver mining industry. The fund is non-diversified.

Market Cap

The average market capitalization across the Global X Silver Miners ETF ETF is 3.27B. The market cap for tickers in the group ranges from 5.57M to 19.65B. WPM holds the highest valuation in this group at 19.65B. The lowest valued company is AUMN at 5.57M.

High and low price notable news

The average weekly price growth across all stocks in the Global X Silver Miners ETF ETF was -5%. For the same ETF, the average monthly price growth was -4%, and the average quarterly price growth was -15%. AUMN experienced the highest price growth at 9%, while VZLA experienced the biggest fall at -11%.

Volume

The average weekly volume growth across all stocks in the Global X Silver Miners ETF ETF was 25%. For the same stocks of the ETF, the average monthly volume growth was 22% and the average quarterly volume growth was 3%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 52
P/E Growth Rating: 51
Price Growth Rating: 55
SMR Rating: 82
Profit Risk Rating: 80
Seasonality Score: -13 (-100 ... +100)
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A.I. Advisor
published General Information

General Information

Category PreciousMetals

Profile
Fundamentals
Details
Category
Equity Precious Metals
Address
Global X Funds600 Lexington Avenue, 20th FloorNew York
Phone
+1 8884938631
Web
www.globalxfunds.com
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SIL and

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 97% 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.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To SIL
1D Price
Change %
SIL100%
-0.20%
GDXJ - SIL
97%
Closely correlated
-0.23%
SILJ - SIL
97%
Closely correlated
-0.45%
GDX - SIL
96%
Closely correlated
-0.14%
SLVP - SIL
96%
Closely correlated
-0.77%
RING - SIL
94%
Closely correlated
-0.31%
More