Global X Funds recently launched SIL – Silver Miner Exchange Traded Fund along with COPX – Copper Miner ETF. SIL is a great trading vehicle for those who want to avoid or reduce single stock risk exposure. If you want to build a rather big position in Silver mining stocks but don’t know which stocks to buy, this one is for you. For gold miners the ETF that offers the same advantages is Van Eck’s GDXJ – Market Vectors Junior Gold Miner ETF.
From GlobalX’s website: The Global X Silver Miners ETF is the only ETF in the world targeting silver mining companies. It tracks the Solactive Global Silver Miners Index, comprised of the largest and most liquid silver mining companies in the world. The majority of holdings are Canadian based companies but also include companies based in the US, Mexico, Peru, and Russia.
The Global X Silver Miner fund holdings:
PAN AMERICAN SILVER – PAAS
INDUSTRIAS PENOLES CP
SILVER WHEATON CORP – SLW
FRESNILLO PLC
HECLA MINING COMPANY – HL
SILVERCORP METAL – SVM
SILVER STANDARD RESOURCES – SSRI
COEUR D’ALENE MINES CORP – CDE
GAMMON GOLD INC – GRS
POLYMETAL GDR
MINEFINDERS CORP – MFN
HOCHSCHILD MINING PLC
MAG SILVER CORP – MVG
FIRST MAJESTIC SILVER – FR.TO
BEAR CREEK MINING
FORTUNA SILVER MINES INC – FVI.TO
EXCELLON RES – EXN.TO
ALEXCO RESOURCE CORP – AXU
ENDEAVOUR SILVER CORP – EXK
ECU SILVER MINE – ECU.TO
ORKO SILVER CORP – OK.V
GREAT PANTHER SILVER LTD
SCORPIO MINING – SPM.TO
MINES MANAGEMENT INC – MGN
IMPACT SILVER CORP – IPT.V
For a visual comparison of various Silver mining stocks and the price of Silver use the following charts:
- Big Cap Silver Miner Sector Overview Chart
- Small Cap Silver Miner Sector Overview Chart
- Bullish Long-Term Silver Price Chart
Gold and silver are money. Everything else is credit. – J.P. Morgan
My public list with all my charts can be viewed here:
http://stockcharts.com/def/servlet/Favorites.CServlet?obj=ID2791469
Have a great weekend!
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