GLOBAL X SILVER MINERS ETF $20.96 (New York symbol SIL; buy or sell through brokers; www.globalxfunds.com) tracks the Solactive Global Silver Miners Index.
This index includes between 20 and 40 international companies that mine, refine or explore for silver. Germany-based Structured Solutions AG developed this index.
Canadian companies make up 45.6% of the fund’s holdings, but it also includes companies based in Mexico (14.5%) and the U.S. (9.0%). The ETF’s MER is 0.65%.
The fund’s top holdings are Industrias Penoles at 13.7%; Fresnillo plc, 12.4%; Silver Wheaton, 11.7%; Polymetal, 7.0%; Pan American Silver, 6.9%; Tahoe Resources, 5.0%; First Majestic Silver, 4.9%; Coeur d’Alene Mines, 4.4%; Hochschild Mining plc, 4.2%; Silvercorp Minerals, 3.9%; Silver Standard Resources, 3.8%; and Hecla Mining, 3.6%.
Global X Silver Miners ETF is a buy for aggressive investors who want to hold a silver fund.