Global X Silver Miners ETF
Latest Global X Silver Miners ETF News and Updates
Is Silver More Valuable as a Precious Metal or an Industrial Metal?
Silver has been falling over the past few years, despite surging demand for its industrial use. Fundamentally, silver seems to be strong due to rising demand and a year-over-year shortfall in its supply.
How Do US Economic Numbers Play on Gold?
Economic data from the United States on Tuesday, July 21, 2016, on home starts and building permits affected gold and other precious metals to a certain extent.
How the Ratings and Potential Upsides for Silver Miners Look Today
The performances of precious metal miners with substantial exposure to silver have been disappointing in 2017. As a group, they’ve returned just 0.9% YTD.
The Market Sentiment for Coeur Mining as 4Q17 Begins
CDE stock has risen 2.6% year-to-date. However, during the same period, silver prices gained 4.7% and the Global X Silver Miners ETF (SIL) rose 5.5%.
Why Are Gold ETFs Losing Their Allure?
With declining gold prices, the most famous gold ETF, the SPDR Gold Shares ETF (GLD), has also lost its allure. It’s trading at lower volume.
What Put Coeur Mining in 2nd Place?
Right now, of the nine Wall Street analysts covering CDE stock, according to Thomson Reuters, 78% recommend a “buy,” while 22% recommend a “hold.”
How Are Miners’ Correlations to Gold Trending?
Mining stocks tend to take their cues from gold.
Reading the Performance of Mining Shares amid Surging Metals
On January 12, 2018, precious metals were once again on a rising streak, which also led to increasing prices for mining shares.
A Brief Analysis of Silver Miners in January 2018
The target prices of the four miners we’re covering in this part are higher than their current trading prices, which could lead to an optimistic outlook on their prices.
How Mining Stocks Have Performed in January So Far
SLW, GOLD, ABX, and BVN have call implied volatilities of 30.8%, 23.9%, 24.5%, and 30.8%, respectively.
What’s the 3-Year Correlation between Miners and Gold?
Gold is the most influential precious metal, and most miners follow its price trends.
Correlation Reading of Miners and Funds in the Last 3 Years
During the past year, IamGold has seen the highest correlation to gold, while Eldorado Gold has the lowest correlation.
Reading Key Mining Stock Technicals as of December
Most of the mining companies have increased during the past two weeks due to the rise of gold and silver.
A Look at the Gold Spreads at the End of 2017
A gold-silver spread of 77.3 suggests that it requires almost 78 ounces of silver to buy a single ounce of gold.
A Quick Look at the Performance of Silver Miners in December 2017
Coeur Mining and Hecla Mining have seen a loss in their prices on a year-to-date basis, falling 17.9% and 24.0%, respectively.
Miners: Analyzing Core Indicators for Investors
A brief analysis of mining stocks is crucial when investors are parking their money in the precious metals market, specifically in mining companies.
Today’s Correlation Study of Key Mining Stocks with Gold
The Global X Silver Miners ETF (SIL) and the Sprott Gold Miners (SGDM) have fallen 3.5% and 4.4%, respectively, on a 30-day trailing basis.
Correlation and Mining Stocks this Month
We’ll briefly analyze mining stocks’ correlation with gold. Gold is the most crucial of the precious metals, and mining stocks tend to increasingly take their price changes from gold.
Analyzing Mining Stocks’ Technical Indicators
Gold Fields, Coeur Mining, Hecla Mining, and IamGold have call implied volatilities of 40.4%, 46.7%, 33.6%, and 44.3%, respectively.
What Are Miners’ Correlation Trends?
Gold is the most dominant among the four precious metals. It’s important that investors analyze how miners are moving compared to precious metals.
Coeur Mining: What Could Lead to Cost Improvement in 2018
Coeur Mining (CDE) reported AISC (all-in sustaining costs) of $15.18 per ounce for 3Q17.
Why Coeur Mining Lowered Its Production Guidance
Coeur Mining (CDE) achieved silver equivalent ounces of 9.5 million for 3Q17. That is comprised of silver production of 4 million ounces and 93,293 ounces of gold.
What Factors Could Drive Coeur Mining Stock in 2018?
Coeur Mining (CDE) was one of the stocks to gain significantly in 2016, rising ~270%. The situation in 2017 has reversed completely.
A Brief Analysis of the Miners in November 2017
RGLD, GG, SBGL, and GOLD reported RSI levels of 52.5, 62.7, 49.2, and 81.4, respectively.
How the Higher Dollar Has Affected Precious Metals
Precious metal slump All four precious metals saw a down day on Monday, November 20. Gold fell 1.6% to $1,275.30 per ounce, after touching a one-month high on Friday, November 17. The fall in precious metals was most likely due to the rise in the US dollar. The US Dollar Index rose 0.45% on Monday. Gold, silver, platinum, […]
The Directional Correlation Move of Mining Stocks in 2017
If we look at the one-year correlation of miners, Barrick Gold has the lowest correlation with gold, while Yamana has the highest.
A Quick Look at Miners’ Recent Performance
Precious metal miners saw mixed performance on Tuesday, November 14. Gold and silver saw an up-day while platinum and palladium were low.
Mining Stocks: Analyzing the Technical Details
In this part, we’ll concentrate on the technical readings of key mining stocks, including their call implied volatilities and RSI (relative strength index) levels.
Behind the Technical Details of Key Mining Stocks Today
The Sprott Gold Miners (SGDM) and Global X Silver Miners (SIL) have fallen 0.21% and 1.9%, respectively, on a 30-day-trailing basis.
What’s the Directional Trend in Key Miners’ Correlation?
AngloGold Ashanti has had the lowest correlation with gold this year, while Gold Fields has had the highest correlation with gold.
Analyzing the Correlation of Mining Stocks to Gold
Kinross Gold’s correlation has risen from a three-year correlation of 0.69 to a one-year correlation of 0.77, which suggests that Kinross has moved in the same direction as gold 77% of the time.
Behind the Correlations of Key Miners Today
On a YTD (year-to-date) basis, the correlations of the above mining stocks appear to be weak when compared with last year.
A Look at Mining Stocks’ Price Movement
Mining stocks’ reaction On Tuesday, October 31, precious metal mining stocks fell, following precious metals. In this part of our series, we’ll look at the moving averages and returns of four key mining stocks: Silver Wheaton (SLW), Hecla Mining (HL), Alacer Gold (ASR), and IAMGOLD (IAG). Hecla Mining and Alacer Gold have fallen 9.9% and 10.3%, respectively, YTD […]
Silver Mining Stock Technicals as of Last Week
AG, CDE, and HL have shown YTD losses of 12%,16%, and 9.2%, respectively. The silver-based Global X Silver Miners Fund (SIL) has a YTD loss of 0.31%.
Mining Shares’ Directional Move in October
Most of the mining shares saw a downside move in the price on October 19, 2017, but gold and silver had an up day.
How Mining Stocks Are Reacting as of October 17
Despite the overall downturn among precious metals on Tuesday, October 17, precious metal mining stocks witnessed a mixed reaction that day.
Reading the Drop in Precious Metals on Monday, October 16
After the rise we saw on Friday, October 13, precious metals had a down day on Monday, October 16.
Behind the Recent Correlation Movements of Precious Metals
Among these four miners, AngloGold has the lowest correlation with gold so far this year, while Coeur Mining has the highest correlation YTD.
The Reaction of Precious Metals on October 11
The last few days have seen a rise in precious metal prices. However, on Wednesday, October 11, 2017, the prices of these loved metals fell.
How Miners Correlate to Gold
Mining funds that have a strong relationship to precious metals are the Global X Silver Miners (SIL) and the VanEck Vectors Gold Miners (GDX).
Mining Stocks so Far in 2017: A Correlation Study
Among these four mining stocks, Goldcorp has the lowest correlation with gold on a YTD basis, while Royal Gold (RGLD) has the highest correlation.
Chart in Focus: Correlation of Mining Stocks with Gold
New Gold has a three-year correlation of 0.67 and a one-year correlation of 0.88 to gold.
Precious Metals in September: A Review
The negative sentiment toward gold prevailed on Friday, September 29, the last trading day of the month. Gold futures for November expiration fell 0.3%.
Reading Miners’ Gold Correlation Trends
Correlation trends On September 26, precious metals and mining stocks fell. Analyzing mining stocks’ correlation with gold is important since it can give some idea of future stock movement. In our analysis, we’ll focus on Buenaventura (BVN), AngloGold Ashanti (AU), Hecla Mining (HL), and Kinross Gold (KGC). Mining funds track precious metals and their price movements. Whereas the Global […]
Reading the Correlation of Mining Shares
Monday, September 25, 2017, was a day of revival for mining shares as tensions in North Korea resurfaced.
Analyzing Miners’ Technicals in September 2017
On September 22, 2017, First Majestic Silver, Goldcorp, Newmont Mining, and Silver Wheaton had volatilities of 49.1%, 26.7%, 23.5%, and 30.8%, respectively.
Precious Metals, Miners and the Scaling Dollar
Later in the day on September 20, after rising gold prices fell on the US Federal Reserve’s indication of one more interest rate hike in 2017.
Reading the Correlation Analysis of Mining Shares in August 2017
Yamana Gold has the highest correlation with gold, while Pan American Silver has the lowest correlation.
Barrick Gold’s and Other Miners’ Correlation with Gold
Metal stocks As we study the impact of global variables on precious metals and the mining sector, we should also analyze the relationship between mining stocks and gold. Correlational analysis can help us compare price movement in mining stocks and the metal. In this part of our series, we’ll examine New Gold’s (NGD), Newmont’s (NEM), Coeur […]
Looking at Silver Miners after the Federal Reserve’s Rate Hike
Silver miners (SIL) are usually a levered play on gold. Notably, silver has outperformed gold year-to-date.