Global X Silver Miners ETF (SIL) is an exchange-traded fund designed to track the performance of global companies involved in silver mining. The ETF is managed by Global X Management Company LLC and trades under the ticker SIL on NYSE Arca.
Classified as an equity ETF with global exposure to the silver mining sector, SIL seeks to reflect, before fees and expenses, the aggregated performance of the companies included in the Solactive Global Silver Miners Total Return Index.
The fund follows a passive management strategy, investing in companies that derive a significant portion of their revenue from silver mining or related activities. The methodology applies eligibility, liquidity, and sector-representativeness criteria defined by the benchmark index.
Diversification and sector exposure
SIL provides exposure to the global silver mining sector through companies involved in multiple stages of the mining value chain, including:
• Silver mining companies
• Mineral exploration and development
• Precious metals production
• Silver by-product operations
• Mining services and infrastructure
This composition reflects multiple segments of the global silver and precious metals mining industry.
Structure and costs
SIL shares trade on the secondary market on NYSE Arca during regular trading hours. Creation and redemption occur through authorized participants, helping maintain alignment between market price and net asset value.
The fund charges a management fee as outlined in its prospectus and does not apply a performance fee. SIL may distribute income derived from dividends paid by companies held in the portfolio.
History and evolution of the ETF
The Global X Silver Miners ETF was launched in 2010, during a period of expansion in ETFs tied to precious metals and mining commodities markets. Since inception, the fund has been used by investors seeking exposure to the global silver mining industry through an exchange-traded structure.
In recent years, SIL has reflected movements in international silver prices, global inflation trends, Federal Reserve monetary policy cycles, and changes in industrial demand for precious metals.
Additional Information
Global X Silver Miners ETF (United States) is an exchange-traded fund (ETF), with assets under management totaling $4.45 Billions.
Over the past 12 months, Global X Silver Miners ETF recorded a return of 66.29%, with its price trading between $46.92 and $118.03 during the same period.
The ETF is traded under the ticker SIL.