The Global X Silver Miners ETF (SIL) experienced a significant outflow of approximately $126.8 million, marking a 2.5% decrease in shares outstanding for the week, dropping from 61,967,318 to 60,437,318 units. This decline is reflected in the performance of major holdings, including Wheaton Precious Metals Corp (WPM) down 2.5%, Pan American Silver Corp (PAAS) down 2.8%, and First Majestic Silver Corp (AG) down 3%.
SIL’s 52-week price performance shows a low of $33.11 and a high of $119.24, with the latest trade at $79.94. The ETF’s movement is noteworthy as it compares to its 200-day moving average, a key indicator for technical analysis.
