Global X Silver Miners ETF (NYSEARCA:SIL) Shares Gap Down – Should You Sell?

Shares of Global X Silver Miners ETF (NYSEARCA:SIL) gapped down prior to trading on Friday . The stock had previously closed at $110.66, but opened at $99.04. Global X Silver Miners ETF shares last traded at $102.48, with a volume of 2,084,111 shares.

More Global X Silver Miners ETF News

Here are the key news stories impacting Global X Silver Miners ETF this week:

• Positive Sentiment: Analysts urge investors not to panic, calling the sell-off a healthy correction and saying the longer-term bull trend in gold and silver remains intact — a constructive view for silver-miner exposure over time. Don’t panic: Analysts see gold and silver’s sell-off as a healthy correction
• Positive Sentiment: Commentary notes the pullback was predictable after January’s explosive rally — implying this decline could be a buying opportunity for longer-term silver/mining exposure if the macro backdrop reasserts. Gold, silver selloff was inevitable after January’s explosive rally, but broader trend remains intact
• Neutral Sentiment: Coverage flags that silver’s latest move has meme-stock characteristics — heavy retail participation can add outsized volatility and make short-term direction unpredictable for SIL. Silver Is the New Meme Stock—$170 or $60 Ahead?
• Neutral Sentiment: Technicals: analysts point to the 50-day moving average (~$74.55 for spot silver) as a key level; a hold or break there will influence near-term momentum for miners. Silver (XAG) Forecast: Silver Market Eyes 50-Day MA at $74.55 for Possible Momentum Shift
• Negative Sentiment: News that Kevin Warsh was nominated to chair the Fed eased concerns about political interference, removing a part of the bullish case for precious metals and sparking a fast sell-off. Gold and Silver Prices Plunge from Record Highs—What Investors Need to Know
• Negative Sentiment: Market coverage describes a near-term meltdown and the largest one-day drops in years as traders rushed to lock in gains — a clear headwind for SIL’s share price. Silver heads for biggest drop in 14 years, with ‘every man and his dog rushing for the exit’
• Negative Sentiment: Multiple outlets report a broad retreat in metals after a furious rally, driven by profit-taking — this directly reduces expected near-term cash flows and sentiment for mining stocks held in SIL. Gold, silver and copper continue to retreat after furious rally

Global X Silver Miners ETF Price Performance

The firm has a market cap of $6.11 billion, a PE ratio of 32.07 and a beta of 0.71. The company’s 50 day moving average price is $88.16 and its 200 day moving average price is $71.25.

Institutional Investors Weigh In On Global X Silver Miners ETF

A number of hedge funds have recently bought and sold shares of SIL. Encompass More Asset Management raised its stake in Global X Silver Miners ETF by 39.2% during the 3rd quarter. Encompass More Asset Management now owns 37,516 shares of the company’s stock worth $2,687,000 after acquiring an additional 10,573 shares in the last quarter. Avalon Capital Management purchased a new stake in shares of Global X Silver Miners ETF in the third quarter valued at about $842,000. Baird Financial Group Inc. raised its stake in Global X Silver Miners ETF by 39.2% during the 2nd quarter. Baird Financial Group Inc. now owns 170,802 shares of the company’s stock valued at $8,222,000 after acquiring an additional 48,107 shares during the last quarter. Capital Fund Management S.A. purchased a new stake in shares of Global X Silver Miners ETF during the second quarter worth approximately $1,564,000. Finally, Cetera Investment Advisers raised its position in Global X Silver Miners ETF by 12.8% during the 2nd quarter. Cetera Investment Advisers now owns 213,696 shares of the company’s stock worth $10,287,000 after buying an additional 24,249 shares during the last quarter.

Global X Silver Miners ETF Company Profile

The Global X Silver Miners ETF (SIL) is an exchange-traded fund that mostly invests in materials equity. The fund tracks a market-cap-weighted index of companies actively engaged in the silver mining industry. SIL was launched on Apr 19, 2010 and is managed by Global X.