GLOBAL X SILVER MINERS ETF $15.30 (New York symbol SIL; buy or sell through brokers; www.globalxfunds.com) tracks the Solactive Global Silver Miners Index.
This index includes 30 international companies that mine, refine or explore for silver. Germany-based Structured Solutions AG developed the Global X Silver Miners Index.
Canadian companies make up 56.2% of the fund’s holdings, but it also includes miners based in the U.S. (16.2%) and Mexico (10.4%). The fund’s MER is 0.65%.
The ETF’s top holdings are Fresnillo plc at 12.9%; followed by Silver Wheaton at 12.0%; Industrias Penoles, 8.1%; McEwen Mining, 5.6%; Tahoe Resources, 4.4%; First Majestic Silver, 5.3%; Silver Standard Resources, 5.3%; Silvercorp Minerals, 5.1%; Hecla Mining, 4.7%; and Hochschild Mining plc, 4.6%.
Global X Silver Miners ETF is a buy for aggressive investors who want to hold a silver fund