The Global X Silver Miners ETF (SIL) experienced a significant outflow of approximately $322.2 million this week, marking a 5.3% decrease in shares outstanding, dropping from 59,657,318 to 56,497,318. Notable components of SIL, such as Wheaton Precious Metals Corp (WPM), Pan American Silver Corp (PAAS), and Coeur Mining Inc (CDE), saw declines of about 2.2%, 0.1%, and 0.4%, respectively.
Over the past year, SIL has fluctuated between a low of $38.64 and a high of $119.24 per share, with its last trade recorded at $101.25. The outflow may indicate shifting investor sentiment impacting the underlying companies within the ETF.
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