SIL

Silver Miners ETF

Overview Prices & Performance Holdings & Characteristics Documents

Reasons to Consider SIL

High Growth Potential

The global silver market was estimated to be $7bn in 2023, with forecasts suggesting it could grow to over $11bn by 2028, thanks in part to growing demand from increased industrial applications.¹

Appeal of Silver

Historically, investors have turned to silver as a potential store of value. However, it also has a range of industrial uses, including electronics, solar panels, LED lighting, touch screens, and more.

ETF Efficiency

In a single trade, SIL delivers efficient access to a basket of companies involved in the mining of silver.

¹The Business Research Company, Jan 2024

Key Information As of 07/25/24

Inception Date	04/19/10
Total Expense Ratio	0.65%
Net Assets	$1.16 billion
NAV	$33.14

ETF Summary

The Global X Silver Miners ETF (SIL) provides investors access to a broad range of silver mining companies.

ETF Objective

The Global X Silver Miners ETF (SIL) 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.

Trading Details As of 07/25/24

Ticker	SIL
B3 Trading Code	BSIL39
Bloomberg Index Ticker	SOLGLOSI
CUSIP	37954Y848
ISIN	US37954Y8488
Primary Exchange	NYSE Arca
Shares Outstanding	35,047,318
Number of Holdings	40
30-Day Median Bid-Ask Spread	0.12%

Distributions As of 07/25/24

30-Day SEC Yield	-0.27%
Distribution Frequency	Semi-Annually

ETF Prices As of 07/25/24

NAV	$33.14	Daily Change	-$0.95	-2.79%
Market Price	$33.14	Daily Change	-$0.85	-2.50%

Cumulative Returns (as of 06/28/24)	1 Month	6 Months	YTD	12 Months	24 Months	Since Inception	Inception Date
Return SIL	-9.52%	9.87%	9.88%	21.39%	21.78%	-17.29%	04/19/10

Returns (as of 07/25/24)	Return SIL	Return Index
Since Inception	-12.48%	-6.99%
12 Months	19.76%	19.41%
24 Months	26.87%	27.53%
Last 60 Trading Days	3.26%	2.01%
Last 75 Trading Days	6.40%	5.15%

Monthly Returns (through 07/25/24)	Return SIL	Return Index
Jul 2024	5.80%	5.44%
Jun 2024	-9.52%	-9.53%
May 2024	12.58%	11.63%
Apr 2024	12.30%	12.44%
Mar 2024	18.64%	18.74%
Feb 2024	-9.50%	-9.33%
Jan 2024	-10.55%	-10.26%
Dec 2023	3.41%	3.38%
Nov 2023	15.08%	15.29%
Oct 2023	0.43%	0.51%
Sep 2023	-9.62%	-9.70%
Aug 2023	-4.62%	-4.57%
Jul 2023	7.18%	6.90%
Jun 2023	-3.83%	-3.68%
May 2023	-9.44%	-9.53%
Apr 2023	-2.92%	-2.84%
Mar 2023	15.14%	15.19%
Feb 2023	-11.87%	-12.30%
Jan 2023	7.57%	7.85%
Dec 2022	-1.00%	-0.72%
Nov 2022	14.27%	14.67%
Oct 2022	3.16%	3.27%
Sep 2022	3.41%	3.85%
Aug 2022	-11.26%	-11.29%
Jul 2022	1.55%	0.66%

Total returns take into account management, administration and fees and other costs automatically deducted from the fund's assets. Before investing, you may read the prospectus in the “FEES AND EXPENSES” section for more details.

NAV & Index Chart

Net Assets (%)	Ticker	Name	Country	SEDOL	Market Price ($)	Shares Held	Market Value ($)
23.87	WPM	WHEATON PRECIOUS	United States	BDG1S92	58.74	4,719,502	277,223,547.48
14.68	PAAS	PAN AMERICAN SILVER CORP	United States	2703396	21.41	7,963,508	170,498,706.28
6.33	BVN	BUENAVENTURA-ADR	United States	2210476	15.78	4,659,735	73,530,618.30
5.33	CDE	COEUR MINING INC	United States	2208136	6.23	9,932,975	61,882,434.25
4.79	HL	HECLA MINING CO	United States	2418601	5.73	9,701,788	55,591,245.24
4.49	010130 KS	KOREA ZINC CO LTD	Republic Of Korea	6495428	352.58	148,070	52,206,564.42
4.36	TFPM CN	TRIPLE FLAG PRECIOUS MET	Canada	BJ171P4	15.33	3,303,932	50,640,286.40
3.70	AG CN	FIRST MAJESTIC S	Canada	2833583	5.85	7,336,161	42,949,337.84
3.33	PE&OLES* MM	INDUSTRIAS PENOL	Mexico	2448200	13.30	2,911,342	38,713,862.14
3.17	FVI CN	FORTUNA MINING CORP	Canada	BPLQGB4	4.65	7,931,621	36,849,880.10
3.01	FRES LN	FRESNILLO PLC	United Kingdom	B2QPKJ1	7.49	4,661,612	34,934,628.50
2.88	SIL CN	SILVERCREST METALS INC	Canada	BYVY3D2	9.07	3,684,605	33,410,356.15
2.71	MAG CN	MAG SILVER CORP	Canada	2581332	12.98	2,422,067	31,444,716.85
2.48	AYA CN	AYA GOLD & SILVER INC	Canada	BK94091	10.40	2,769,522	28,800,543.58
2.47	SSRM	SSR MINING INC	United States	BF7MQ72	5.46	5,252,947	28,681,090.62
1.96	EXK	ENDEAVOUR SILVER CORP	United States	B018TM7	4.35	5,230,255	22,751,609.25
1.49	HOC LN	HOCHSCHILD MINING PLC	United Kingdom	B1FW502	2.18	7,968,252	17,339,907.91
1.39	SVM CN	SILVERCORP METALS INC	Canada	2784261	3.66	4,418,876	16,180,853.61
1.24	GATO	GATOS SILVER INC	United States	BN44WZ7	12.02	1,194,141	14,353,574.82
1.20	ADT AU	ADRIATIC METALS PLC-CDI	Australia	BD215T5	2.06	6,775,885	13,987,835.21
0.80	MUX	MCEWEN MINING INC	United States	BQGD8H7	9.19	1,018,086	9,356,210.34
0.80	VZLA CN	VIZSLA SILVER CORP	Canada	BS84LB7	1.92	4,831,032	9,264,561.86
0.68	GGD CN	GOGOLD RESOURCES INC	Canada	B60BNP0	1.01	7,815,870	7,861,967.15
0.51	KCN AU	KINGSGATE CONSOL	Australia	6492731	1.01	5,854,641	5,889,556.28
0.42	DSV CN	DISCOVERY SILVER CORP	Canada	BND9899	0.63	7,751,579	4,908,370.39
0.36	ABRA CN	ABRASILVER RESOURCE CORP	Canada	BR4XSQ5	1.72	2,456,781	4,213,605.65
0.31	NUAG CN	NEW PACIFIC METALS CORP	Canada	BMW5909	1.51	2,366,756	3,579,636.02
0.31	PRYM CN	PRIME MINING CORP	Canada	BKTTMM3	1.26	2,832,920	3,567,160.55
0.29	SVL AU	SILVER MINES LTD	Australia	B1HMJH5	0.10	35,248,629	3,349,532.21
0.24	DV CN	DOLLY VARDEN SILVER LTD	Canada	BYPYQH3	0.79	3,507,149	2,766,430.81
0.14	GSVR CN	GUANAJUATO SILVER CO LTD	Canada	BMDM727	0.19	8,593,449	1,647,982.04
0.09	HYMC	HYCROFT MINING H	United States	BS70KX1	2.58	418,936	1,080,854.88
0.08	GORO	GOLD RESOURCE CORP	United States	B1DZ912	0.43	2,237,059	961,935.37
0.06		OTHER PAYABLE & RECEIVABLES	United States		1.00	733,609	733,608.80
0.04		CASH	United States		1.00	438,517	438,516.59
0.00		MEXICAN PESO	United States		0.05	52,920	2,879.69
0.00		PERUVIAN NEW SOL	United States		0.27	32	8.57
0.00		KOREAN WON	United States		0.00	2	0.00
0.00		VIZSLA ROYALTIES CORP	United States	BM8VBZ0	0.00	1,612,659	0.00
0.00		VIZSLA ROYALTIES CORP WT	United States	BM8VBZ0	0.00	1,612,659	0.00

Holdings are subject to change. "Cash" denotes U.S. dollars.

Sector Breakdown As of 06/30/24

	Sector	Weight (%)
	Materials	99.6
	Energy	0.4

Source: AltaVista Research, LLC

Country Breakdown As of 06/30/24

	Country	Weight (%)
	Canada	65.3
	United States	11.6
	Peru	7.3
	Britain	6.3
	South Korea	5.1
	Mexico	3.5
	Australia	0.9

Source: AltaVista Research, LLC

ETF Characteristics As of 07/25/24

Return on Equity	5.70%
Weighted Avg. Market Cap	7,342 M
	2023	2024
Price-to-earnings	60.75	28.88
Price-to-book value	1.67	1.61

Source: AltaVista Research, LLC

ETF Risk Stats As of 06/30/24

Versus	Beta
S&P 500	0.86
MSCI EAFE	1.06
MSCI Emg. Mkts	0.91
Standard Deviation	31.10%

Source: AltaVista Research, LLC

ETF Documents

Latest Premium / Discount As of 07/25/24

NAV	$33.14
Market Price	$33.14
Premium / (Discount)	-$0.00

Current View 2024 Q3 As of 07/25/24

Days at Premium	9
Days at NAV	0
Days at Discount	9
Greatest Premium	0.40%
Greatest Discount	-0.37%

Daily Premium / Discount History As of 07/25/24

Hover over the chart points for details

View Chart Explanation

Download Chart Data (.CSV)

How can the Fund trade at a premium/discount to its NAV?

The primary explanation is that timing discrepancies can arise between the NAV and the trading price of the Fund. Since shares of the Fund trade on the open market, prices are affected by the constant flow of information received by investors, corporations and financial institutions. Depending on how this changing information affects investor sentiment, shares of the Fund may deviate slightly from the value of the Fund's underlying assets. The NAV of the Fund is only calculated once a day (normally at 4:00 p.m. eastern time). As a result, shareholders may pay more than NAV when they buy Fund shares and receive less than NAV when they sell those shares, because shares are purchased and sold at current market prices. However, due to the creation and redemption process that is unique to ETFs, market makers are able to minimize these deviations from NAV by taking advantage of arbitrage opportunities.

What causes these time discrepancies?

Close of Trading Times. Although both the NAV and the daily market price of the Fund are generally calculated based on prices at the closing time of the exchange (generally 4:00 p.m. eastern time), slight differences in this timing may cause discrepancies.

Time of Last Trade. Trading of Global X funds generally takes place during normal trading hours (9:30 a.m. to 4:00 p.m. eastern time). However, it is important to note that the last trade - from which the closing price is determined - may not occur at exactly 4:00 p.m. eastern time. Therefore, changing market sentiment during the time difference may cause the NAV to deviate from the closing price.

International Holdings. The premiums and discounts for funds with significant holdings in international markets may be less accurate due to the different closing times of various international markets. Because the Funds trade during U.S. market hours while the underlying securities may not, the time lapse between the markets can result in differences between the NAV and the trading price.

Global X Brasil Gestora de Investimentos Ltda. (“Global X Brasil”) is an asset manager authorized by the Brazilian Securities and Exchange Commission (“CVM”), constituted in the form of CVM Resolution No. 21/2021. Investing involves risks. The material on this site is for informational purposes only and does not constitute investment advice, recommendation, offer or solicitation to buy or sell any securities, funds, or strategies to any person in any jurisdiction in which an offer, solicitation, purchase, or sale would be illegal under the securities laws of such jurisdiction. Opinions expressed here are subject to change without notice. Reliance upon the information contained in this material is at the sole discretion of the reader. No securities regulator has confirmed the accuracy of any information contained herein. Access to the information on this site or the use of the services or information provided herein is prohibited by any person or entity in any jurisdiction or country where such distribution or use is contrary to local law, rules, or regulation. Investment in index funds (ETFs) involves risks, including detachment from the benchmark index and related to the liquidity of shares in the secondary market. Investment funds managed by Global X Brasil use strategies that can result in significant equity losses for their quota holders. Global X Brasil, its partners and employees are exempt of responsibility for any damages resulting directly or indirectly from the use of the information contained on this website.

FOR EVALUATION OF THE PERFORMANCE OF AN INVESTMENT FUND, IT IS RECOMMENDED THE ANALYSIS OF AT LEAST 12 (TWELVE) MONTHS. INVESTMENT FUNDS DO NOT HAVE A GUARANTEE FROM THE ADMINISTRATOR, THE MANAGER, ANY INSURANCE MECHANISM OR CREDIT GUARANTEE FUND – FGC. INVESTMENTS IN FINANCIAL AND CAPITAL MARKETS ARE SUBJECT TO RISKS OF LOSS GREATER THAN THE TOTAL VALUE OF INVESTED CAPITAL. PAST PROFITABILITY DOES NOT REPRESENT A GUARANTEE OF FUTURE PROFITABILITY THE PROFITABILITY DISCLOSED IS NOT NET OF TAXES. READ THE PROSPECTUS, THE FORM OF COMPLEMENTARY INFORMATION, SHEET OF ESSENTIAL INFORMATION AND THE REGULATION BEFORE INVESTING. DESCRIPTION OF THE ANBIMA TYPE AVAILABLE IN THE FORM OF COMPLEMENTARY INFORMATION.

SIL

Silver Miners ETF

Reasons to Consider SIL

High Growth Potential

Appeal of Silver

ETF Efficiency

Key Information As of 07/25/24

ETF Summary

ETF Objective

Trading Details As of 07/25/24

Distributions As of 07/25/24

ETF Prices As of 07/25/24

Performance History

NAV & Index Chart

Top Holdings As of 07/25/24

Sector Breakdown As of 06/30/24

Country Breakdown As of 06/30/24

ETF Characteristics As of 07/25/24

ETF Risk Stats As of 06/30/24

ETF Documents