What is SIL and what does it track?

Global X Silver Miners ETF (SIL) is an exchange-traded fund (ETF) providing diversified exposure to a basket of securities. ETFs trade on major stock exchanges like individual stocks, combining diversification with intraday flexibility.

How large is SIL in terms of assets under management?

SIL currently manages approximately $5.13B in assets. Larger funds typically benefit from higher liquidity and tighter bid-ask spreads, reducing trading costs.

Does SIL pay distributions or dividends?

SIL currently has a distribution yield of 0.83%. ETF distributions are typically paid monthly or quarterly and are passed through from income generated by the underlying holdings.

What are the costs of holding SIL?

SIL has an annual expense ratio (TER) of 0.65%. This fee is deducted directly from the fund's assets. Lower expense ratios are generally preferable, as costs compound over time. The portfolio turnover rate is 28%, reflecting how frequently holdings are replaced within a year.

What does the momentum analysis show for SIL?

The momentum analysis tracks the daily rate of change of SIL's smoothed price average. A consistently positive and rising value indicates the ETF's trend is gaining strength. A declining or negative value suggests the trend is weakening.

How often is the SIL data updated?

All data on this page is updated once per trading day after the US market closes, using official end-of-day prices.

SIL – Global X Silver Miners ETF

ETF

Equity Precious Metals | Inception: 2010-04-19

Quick Stats

Trend Signal

$99.55

Last Close

Official EOD price – basis for all calculations

▲ Long

Swing Trend

Moving average structure confirms uptrend – bulls in control

+26.87%

Signal Edge

Strong positive edge across 1 signals – signal has a clear statistical advantage

71.5

Trend Strength (ADX)

Strong trend – directional signals reliable

Options Signals

24%

IV-Rank (52w)

IV in normal range – no clear vol edge

86% / 14%

Call / Put Flow

Bullish positioning – call premium dominates options flow

Last Trendchange Signal

07.08.26

Date

Signal entry date

$88.50

Entry Price

Closing price at signal date

Days Held

Trading days since signal

+10.12%

+10d

Return after 10 trading days

–

+20d

Not yet reached

–

+30d

Not yet reached

–

+60d

Not yet reached

Trend Overview

Trend Intact – Bullish Setup Composite Score: +6 / 7

SIL is in a well-structured bull trend. All major signals are aligned: positive swing trend, rising momentum over 14 days, and trend strength confirmed by ADX at 71.5. This is the type of environment where trend-following strategies carry a structural edge.

What to watch

The trend is your friend here. As long as momentum strength continues to hold or rise, the path of least resistance remains higher. Manage the trade with a trailing stop rather than a fixed target.

Latest SIL Reports

Exchange Traded Funds - Signals SIL Signal Follow-Up: +10.15% at 10 Days – Hold Status

Aug 21, 2026

SIL Price Chart

Technical Trend Analysis

As of 21.08.2026 · Close: $99.55 · ATR14: $3.75

Trend Intact – Bullish Setup Composite Score: +6 / 7

What to watch

The trend is your friend here. As long as momentum strength continues to hold or rise, the path of least resistance remains higher. Manage the trade with a trailing stop rather than a fixed target.

Indicator	Signal	Detail
Swing Trend	▲ Long	Primary directional bias
Momentum	▲ Up · 14d	Strength: 1.86 – Rising
Trend Strength (ADX)	71.5 – Strong	ADX38: 29.2
Volatility (HV30)	51.3% – Calm	HV90: 56.6% \| HV180: 58.5%
Vola Compression	None	Normal range
MA Structure	Death Cross ✗	Stack: Partially aligned (1/3)
EMA21 Distance	3.26 ATR ↑	EMA21: $85.73
GD200 Extension	3.5 ATR – Normal	GD20: 4.5 \| GD50: 6.2 \| GD100: 4.0

🚀 Momentum Accelerating

Upward momentum active for 14 days and still gaining strength (current: 1.86). Trend is building, not fading.

💪 Trend Strength – ADX14: 71.5 (Strong)

A strong and well-defined trend. ADX38: 29.2. Trend-following has clear edge here.

🔻 Volatility Calm

HV30: 51.3% | HV90: 56.6% | HV180: 58.5%. Short-term vol is below its 90-day average. Calmer conditions favour tighter setups.

💀 Death Cross – Long-term Bearish

Death Cross in place. GD50 $80.86 below GD200 $87.95. Long-term structure remains bearish. MA stack: Partially aligned (1/3).

📈 EMA21 – Trend Accelerating

Price is pulling away from the EMA21 ($85.73) with 3.26 ATR distance and growing.

📐 Key Price Levels & ATR Distance

GD20: $85.22 (4.5 ATR) | GD50: $80.86 (6.2 ATR) | GD100: $86.48 (4.0 ATR) | GD200: $87.95 (3.5 ATR). ATR14: $3.75.

Monthly Performance History

Year	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec	Total
2010				3.12	-5.49	3.32	1.99	7.63	15.07	7.75	17.28	10.22	85.73
2011	-18.99	15.25	2.15	0.89	-2.72	-5.13	12.23	7.12	-25.62	17.17	0.18	-8.89	-22.88
2012	10.94	0.80	-12.85	-6.50	-17.62	1.25	-1.94	18.73	14.05	0.92	-9.35	1.22	3.38
2013	-11.84	-12.29	-0.38	-15.70	-3.17	-20.60	10.24	17.55	-14.78	-0.09	-6.81	3.43	-51.94
2014	3.62	16.50	-8.96	-2.04	-6.56	25.81	-1.22	-1.72	-20.18	-18.12	1.44	-5.24	-20.26
2015	8.85	-5.89	-11.93	1.35	1.34	-4.97	-18.78	5.15	-2.43	8.58	-7.15	-6.36	-34.00
2016	-4.31	25.97	18.50	38.32	-7.52	30.73	10.72	-16.53	0.05	-7.61	-17.31	-3.58	76.44
2017	12.68	-5.73	-2.72	-4.16	3.12	-3.00	4.85	2.13	-6.13	-3.33	-3.20	5.09	-3.65
2018	-3.78	-8.39	3.31	T -0.40	-0.04	-5.42	-3.13	-9.49	1.90	T -4.04	-3.82	T 8.16	-24.57
2019	7.85	0.00	T 1.51	-5.96	-4.04	T 12.71	5.64	9.32	-11.59	T 7.63	-3.02	12.77	34.00
2020	-5.58	T -10.67	-16.16	T 32.14	13.10	T -0.97	31.40	3.02	-12.56	-4.40	T -8.16	T 9.64	41.34
2021	-11.02	T -14.71	-3.02	T 0.92	12.00	-12.72	-0.96	-3.85	T -12.42	T 11.06	-3.49	2.79	-24.30
2022	T -8.54	T 1.92	1.92	-12.24	-5.91	-14.91	-0.51	T -11.71	7.76	T -1.90	16.25	-4.48	-19.01
2023	5.76	-13.69	T 12.82	-4.11	-8.58	-6.44	T 5.31	-1.16	-8.46	4.71	15.70	0.14	-0.94
2024	-8.40	-11.90	T 15.57	9.41	12.30	-8.59	T 11.52	T -0.58	T 12.72	9.43	-4.75	T -12.82	14.57
2025	4.44	T -0.77	14.25	T 4.17	9.66	4.70	-1.93	22.11	19.80	-7.41	T 19.18	6.98	152.17
2026	13.60	26.48	-23.00	-5.02	5.71	-15.34	-4.46	T 31.35					19.93

T A T badge marks a Trendchange signal in that month. Hover for entry price.

Trendchange Signal History

The last 10 Trendchange signals for SIL:

Date	Entry Price	Days Held	+10d	+20d	+30d	+60d
07.08.26	$88.50	6d	+10.12%	+0%	+0%	+0%
28.11.25	$77.66	46d	+7.35%	+15.9%	+21.04%	+28.19%
15.04.25	$41.27	71d	-2.62%	-3.61%	+4.12%	+145.29%
07.02.25	$36.06	27d	-1.61%	+0.97%	+9.57%	+10.32%
10.12.24	$38.59	6d	-2.54%	-2.54%	-2.54%	+0%
13.09.24	$35.20	23d	+6.39%	+3.12%	+16.25%	+6.85%
23.08.24	$33.81	6d	-3.19%	+5.09%	+0%	+0%
11.07.24	$35.69	6d	-4.76%	-3.45%	-3.45%	+0%
08.03.24	$25.39	49d	+3.51%	+22.29%	+23.71%	+28.91%
17.07.23	$27.69	26d	-2.74%	-3.18%	-3.18%	+22.39%

Signal Statistics – Historical Edge

Calculated edge for SIL: 26.87%

Range	N	10d	20d	30d	60d	Signal
15-20%	1	+16.94%	+23.7%	+38.94%	+101.58%	Hold
10-15%	3	+11.36%	+12.18%	+21.59%	+27.5%	Hold
7-10%	3	+8.23%	+6.79%	+7.62%	+6.46%	Close
5-7%	2	+6.4%	+8.12%	+19.51%	+33.72%	Hold
3-5%	3	+3.48%	+11.13%	+11.32%	+11.3%	Hold
1-3%	1	+1.73%	+0%	+0%	+0%	Close
-1-0%	2	-0.45%	-0.29%	-0.08%	-7.06%	Neg
-3-1%	9	-2.05%	-0.99%	+2.85%	+17.44%	Neg
-5-3%	8	-4%	-1.39%	-2.34%	-4.95%	Neg
-7-5%	3	-5.71%	-5.71%	-3.7%	+0%	Neg
-10-7%	1	-8.39%	-4.69%	+7.87%	+21.65%	Neg
<-10%	1	-10.72%	-10.72%	-10.72%	+0%	Neg

Exit Rules: Stoploss: -10% | Close if below 3% after 10 days

Signal data as of August 21, 2026

MEDIUM ALERT ● Neutral Strength: 4.5

Options Metrics

IV-Rank (52w)

24%

IV is in its normal historical range – no structural vol edge in either direction.

Call / Put Flow

86% / 14%

More than 60% of options premium is flowing into calls. This indicates net bullish positioning by market participants.

GEX (Mio.)

1,428,932.3

Positive GEX: market makers are long gamma. They buy dips and sell rallies, which suppresses volatility and keeps price in a range.

GEX Flip Strike

$81.00 · 18.6%

The GEX flip strike is the price level where dealer gamma exposure shifts from positive to negative. A break through this level often accelerates the move.

Max Pain

$85.00 · 14.6%

Max Pain is the price at which the most options contracts expire worthless. As expiration approaches, price often gravitates toward this level due to dealer hedging flows.

Spot Price

$99.55

Last traded price at signal calculation time

Gamma Exposure Timeline

Key GEX levels, Max Pain, and unusual activity across weekly and monthly expirations, plotted around the current spot price.

SIL GEX timeline showing put/call gamma pins, max pain and flip strike

Key GEX levels, Max Pain, Anchor, Ceiling and unusual activity across 14-30 DTE, plotted around the current spot price.

Put and call pins mark strikes where dealer gamma exposure concentrates. The GEX flip strike is where dealer hedging shifts from stabilizing (positive gamma) to amplifying (negative gamma) price moves. Max Pain is the strike where the most options expire worthless. Dashed markers flag unusual options activity. Learn how to use these signals in our options strategy guides →

View full options flow data and historical signals on the Options Flow Analysis Overview →

About Global X Silver Miners ETF

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.

Fund Overview

Metric	Value
Assets under Management	$5.13 B
Expense Ratio	0.65%
Dividend Yield	0.83%
Portfolio Turnover	28%
YTD Return	649.01%
3-Year Return	47.70%
5-Year Return	19.11%

Sector Allocation

Sector	Weight
Materials	18.6%

Top 10 Holdings

Symbol	Company	Weight
CDE	COEUR MINING INC	7.54%
HL	HECLA MINING CO	5.17%
SSRM	SSR MINING INC	4.31%
BVN	COMPANIA DE MINAS BUENAVENTURA SAA ADR	4.31%
EXK	ENDEAVOUR SILVER CORP	1.68%
TFPM	TRIPLE FLAG PRECIOUS METALS CORP	1.67%
SVM	SILVERCORP METALS INC	1.64%
HYMC	HYCROFT MINING HOLDING CORP ORDINARY SHARES CLASS A	0.87%
MUX	MCEWEN INC	0.66%
VZLA	VIZSLA SILVER CORP ORDINARY SHARES (NEW SHARES)	0.64%

Frequently Asked Questions – Global X Silver Miners ETF (SIL)

Disclaimer: All trade history on this page reflects the author's personal trading activity only. This is not financial advice. Past performance is not indicative of future results. See our full Disclaimer.