This summary was created by AI, based on 2 opinions in the last 12 months.
Experts believe that SIL-N, Global X Silver Miners, still has potential for upside despite recent fluctuations. They point to the breakout and the positive outlook for commodities in the context of a new commodity mega-cycle driven by increasing demand for AI, EVs, data storage, and similar trends.
A bit of a laggard, and then it broke out. You just can't argue with a good old-fashioned breakout. Lots of upside on silver, because there's lots of upside on gold, because there's lots of upside on all the commodities. In a new commodity mega-cycle, mainly due to increasing power draw needed for AI, EVs, data storage, and similar trends.
This has strong seasonality from the middle of December through to about the end of February.
(A top pick Aug 5/16. Down 23.72%.) He had told people at the end of September that you no longer want to be in these securities any longer.
How to Play Silver. There are three different ways to play: Seniors (SLVP-N), Juniors (SILJ-N) or the metal, SIL-N. He would buy SIL-N on dips. But if the US$ gets stronger in the interim, then it would mitigate some of your gains.
Silver has strong positive seasonality from about the end of July through to about the middle of October of each year. Technically silver equities are already in gear and are actually outperforming silver itself. Silver and silver equities are very attractive at current prices.
(A Top Pick July 23/15. Down 3.81%.) This has been a disappointment, because typically we get seasonal strength for the silver equities during this time. If there is any kind of strength between now and the end of the month, that will be an opportunity to take your position off.
This holds a basket of silver producers. Do not buy this before the end of this month, because the silver producers are going to be reporting horrendous 2nd quarter results. Wait until the sector show signs of bottoming. This could be a very good trade from around the end of this month right through until around the beginning of October.
(Top Pick Dec 31’14, Up 13.61%) A reverse head and shoulders with a breakout late last week. Seasonally strong until the end of February. Hang in there. Not too late to get in.
Silver is going through a period of seasonal strength. It has 2 periods of seasonal strength. Usually from July right through until October of each year, but the greatest of all is from the beginning of December right through until the beginning of April. This has been trading in a range between $8.20 and $10.30 over the last 6 weeks. A break above that $10.30 level is where we are going to get the nice pop in the stock.
Global X Silver Miners is a American stock, trading under the symbol SIL-N on the NYSE Arca (SIL). It is usually referred to as AMEX:SIL or SIL-N
In the last year, 1 stock analyst published opinions about SIL-N. 1 analyst recommended to BUY the stock. 0 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Global X Silver Miners.
Global X Silver Miners was recommended as a Top Pick by on . Read the latest stock experts ratings for Global X Silver Miners.
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
1 stock analyst on Stockchase covered Global X Silver Miners In the last year. It is a trending stock that is worth watching.
On 2024-11-21, Global X Silver Miners (SIL-N) stock closed at a price of $36.075.
(Note the short timeframe.) Still likes silver. For someone looking for a trade, still a good place to buy with lots of upside.