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Global X Silver Miners (SIL) Overvalued or undervalued?
Look-through valuation · Theme · Expense ratio 0.61 % · ISIN US37954Y8488
Price history (since 2010)
Monthly close since 2010. Price shows performance, the valuation verdict is in the look-through above.
SIL holdings and fair value
| Holding | Weight | vs fair value | Quality |
|---|---|---|---|
| Wheaton Precious Metals Corp WPM | 24.6 % | −24.3 % | 73 |
| Pan American Silver Corp PAAS | 12.0 % | +32.3 % | 59 |
| Coeur Mining Inc CDE | 9.3 % | −6.5 % | 55 |
| Industrias Peñoles S.A.B. de C.V PE&OLES | 4.6 % | n/a | n/a |
| Hecla Mining Company HL | 4.6 % | +10.0 % | 70 |
| OR Royalties Inc. OR | 4.5 % | n/a | n/a |
| SSR Mining Inc SSRM | 4.2 % | +31.6 % | 72 |
| Fresnillo PLC FRES | 4.1 % | +5.2 % | 84 |
| Compania de Minas Buenaventura SAA ADR BVN | 3.7 % | +2.1 % | 65 |
| Aya Gold & Silver Inc AYA | 2.3 % | −76.6 % | 53 |
| Fortuna Silver Mines Inc FVI | 2.2 % | −15.9 % | 70 |
| Korea Zinc Inc 010130 | 2.1 % | −25.9 % | 55 |
| Endeavour Silver Corp. EDR | 1.7 % | n/a | n/a |
| TRIPLE FLAG PREC.MET. 3Y0 | 1.5 % | n/a | n/a |
| Hochschild Mining plc HOC | 1.3 % | +15.0 % | 73 |
| Silvercorp Metals Inc SVM | 1.3 % | +60.0 % | 42 |
| AbraSilver Resource Corp. ABRA | 0.8 % | n/a | n/a |
| Vizsla Resources Corp VZLA | 0.8 % | −85.3 % | 37 |
| GoGold Resources Inc. GGD | 0.7 % | −16.8 % | 65 |
| Kingsgate Consolidated Ltd KCN | 0.5 % | +200.0 % | 79 |
| Hycroft Mining Holding Corporation HYMC | 0.5 % | n/a | n/a |
| McEwen Mining Inc. MUX | 0.5 % | −61.5 % | 25 |
| Avino Silver & Gold Mines Ltd ASM | 0.5 % | −56.5 % | 47 |
| Americas Silver Corp USA | 0.5 % | n/a | n/a |
| Highlander Silver Corp. 9LM | 0.5 % | n/a | n/a |
Show all 37 holdings
| Holding | Weight | vs fair value | Quality |
|---|---|---|---|
| Santacruz Silver Mining Ltd. 1SZ0 | 0.4 % | n/a | n/a |
| New Pacific Metals Corp NEWP | 0.4 % | n/a | n/a |
| Integra Resources Corp ITR | 0.3 % | +60.3 % | 44 |
| Silver Tiger Metals Inc SLVR | 0.2 % | n/a | n/a |
| Unico Silver Ltd USL | 0.1 % | −89.5 % | 34 |
| Andean Precious Metals Corp APM | 0.1 % | n/a | n/a |
| Silver Mines Ltd SVL | 0.1 % | n/a | n/a |
| Blackrock Silver Corp BRC | 0.1 % | n/a | n/a |
| Andean Silver Ltd ASL | 0.1 % | n/a | n/a |
| Guanajuato Silver Company Ltd VGLD | 0.1 % | n/a | n/a |
| Sotkamo Silver AB SOSI1 | 0.1 % | −56.2 % | 39 |
| Aftermath Silver Ltd AAG | 0.1 % | n/a | n/a |
Fair value and quality per position come from the same valuation as our stock pages. Listing all 37 disclosed positions. "n/a" means we show no value for this position and it does not enter the average.
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Measured against the look-through fair value of the holdings (sufficiently covered funds only). Green means below fair value, red above. Not financial advice.
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- 8 ITB iShares U.S. Home Construction ETF 21.3 % below FV
- 9 TAN Invesco Solar ETF 17.3 % below FV
- 10 XLC Communication Services Select Sector SPDR® Fund 16.2 % below FV
Frequently asked about SIL
Is SIL overvalued?
What is the fair value of SIL?
How do you calculate the fair value of an ETF?
Which stocks drive the valuation of SIL?
Where can I see SIL holdings with their fair value?
What is the expense ratio of SIL?
How we value this ETF
An ETF has no fair value of its own like a single stock. We build it bottom up: every holding has a fair value and a quality score on our pages. Weighted by portfolio share, that gives Global X Silver Miners ETF an average of how cheap or expensive its companies currently sit versus fair value, and how high their average quality is.
As of: Nov 2, 2026
The look-through is a computed summary of public fundamentals and is no substitute for your own research.