Silver ETFs Surging With Metal Prices

April 20, 2016

YTD Returns For SLV, SIVR, AGQ, SLVU

Skyrocketing Silver Miner ETFs

In terms of miner ETFs, there is only one focused on silver miners specifically with more than $100 million in assets. That is the Global X Silver Miners ETF (SIL | C-84), with $230 million in AUM.

SIL's focus on silver miners has given it a leg up on larger ETFs tied primarily to gold miners, such as the Market Vectors Gold Miners ETF (GDX | C-73). This year, SIL returned 79.7%, outperforming the 69.9% gain in GDX.

However, SIL isn't the top-performing silver miner ETF―not even close. That title belongs to the PureFunds ISE Junior Silver (Small Cap Miners/Explorers) ETF (SILJ | F-61), which surged 139.3% year-to-date.

YTD Returns For SIL, SLVP, SILJ, GDX

In fact, SILJ's stellar return makes it the top-performing of all nonleveraged ETFs this year. Not many investors benefited from that gain, however, as the fund only has $18 million in assets.

SILJ’s focus on small- and micro-cap silver miners and explorers makes it appropriate only for the most aggressive silver bulls. Its portfolio is about 90% invested in Canadian companies and has a weighted average market cap of $400 million.

Contact Sumit Roy at [email protected].

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