This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Silver Miner ETFs Top Performers In Q3

Silver Miner ETFs Top Performers in Q3If attention was awarded based on performance, silver miner ETFs would be getting a lot of airtime. Silver has put up a strong performance over the last two months, entering the the third quarter (Q3) at a loss and exiting with a gain of 25 percent. Even more impressive, however, is the performance of the funds that track silver miners. These investment vehicles started the third quarter on weak footing, like silver, but ended with far superior gains. 

At one time, silver investors looking for an alternative to outright metal purchases had little choice other than buying individual mining stocks. Today, investors have the option of investing in a miner ETF, which conveniently bundles companies and sells shares in the group. But most people looking for alternatives flock instead to physically-backed ETFs. These investment vehicles provide exposure to metal prices, but do not require investors to share mining companies' risks — a highly attractive proposition for many market participants.

The largest silver ETF, the iShares Silver Trust (ARCA: SLV), has a market cap of $10.95 billion, whereas the largest silver miner ETF, Global X Silver Miners (ARCA: SIL), has a market cap of $377 million.

But the third quarter proved that taking the route less traveled can be considerably more rewarding. In Q3, silver miner ETFs outperformed metal prices and physically-backed ETFs.

As of October 1, SLV had three-month gains slightly over 26 percent. SIL's gains for the period were nearly 35 percent and iShares Global Silver Miners (ARCA:SLVP) was up over 34 percent.

This year, many investors considered silver mining stocks extremely undervalued. Whether investors would return to snap up mining shares and what would prompt them to do so have been long-running questions.

1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG

Markets

DOW 17,730.11 -27.80 -0.16%
S&P 500 2,076.78 -0.64 -0.03%
NASDAQ 5,009.2140 -3.9090 -0.08%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs