Maximize Returns with AI-Powered SIL Insights

SIL Forecast

Price Forecast:

80% Confidence

Bearish <-> Bullish

Bullish Case: Growing industrial demand for silver could drive SIL prices up, especially if inflationary pressures escalate, as silver is traditionally viewed as a hedge. The recent uptick in buying activity and implied volatility supports this bullish sentiment.

Bearish Case: Heightened market volatility and historical performance suggest potential downside risk. Geopolitical tensions or macroeconomic changes could negatively impact silver prices, leading to a bearish trend in SIL.

Potential Outcomes: 1) Rally towards $37 (40% chance).
2) Price stabilizes around $34 (35% chance).
3) Decline to $30 influenced by bearish sentiment (25% chance).

Trading Oracle: Implement a bullish debit spread: buy SIL 01/17/2025 $36 call and sell $38 call. Capture upside with limited risk as implied volatility is relatively high. Target a short to mid-term horizon while monitoring economic signals that may influence silver demand.

December 20, 2024

Global X Funds - Global X Silver Miners Forecast

SIL Global X Funds - Global X Silver Miners

Price Forecast
Future Uncertainty

4 Day Price Forecast + Historical Performance. Video Tutorial: Trade Smarter With Helium's AI Forecasts

9 Day Price Forecast + Historical Performance. Video Tutorial: Trade Smarter With Helium's AI Forecasts

20 Day Price Forecast + Historical Performance. Video Tutorial: Trade Smarter With Helium's AI Forecasts

36 Day Price Forecast + Historical Performance. Video Tutorial: Trade Smarter With Helium's AI Forecasts

49 Day Price Forecast + Historical Performance. Video Tutorial: Trade Smarter With Helium's AI Forecasts

See Longer Forecasts

Correlated Assets

Assets that tend to move strongly with SIL

JNUG Direxion Daily Junior Gold Miners Index Bu (0.97)

RGLD Royal Gold (0.94)

WPM Wheaton Precious Metals (0.94)

KGC Kinross Gold (0.94)

VWO Vanguard Group, Inc. - Vanguard FTSE Emerging Markets (0.91)

Uncorrelated Assets

Assets with little price relationship to SIL

AKBA Akebia Therapeutics (-0.0)

ST Sensata (0.0)

XOP SPDR Oil & Gas Exploration and Production (0.0)

DDOG Datadog (0.01)

DBX Dropbox (-0.02)

Anticorrelated Assets

Assets that tend to move strongly against SIL

LESL Leslies (-0.83)

DLTR Dollar Tree (-0.84)

SPXS Direxion Daily S&P 500 Bear 3X Shares (-0.86)

SDS ProShares UltraShort S&P500 (-0.86)

APLS Apellis Pharmaceuticals (-0.88)

SIL News over Time

Click points to explore news by date. News sentiment ranges from -10 (very negative) to +10 (very positive) where 0 is neutral.

Become a more profitable investor with AI optimized trading strategies

Market Forecasts

Bullish / Bearish

Digital Assets / Most Accurate

Trading Strategies

Long Volatility

Short Volatility

Balanced News

Balanced News / Sources

Tech / Memes / Politics

About

About / Pricing / Forum

Contact Helium Trades

2024 © Helium Trades
Privacy Policy & Disclosure

* Disclaimer: Nothing on this website constitutes investment advice, performance data or any recommendation that any particular security, portfolio of securities, transaction or investment strategy is suitable for any specific person. Helium Trades is not responsible in any way for the accuracy of any model predictions or price data. Any mention of a particular security and related prediction data is not a recommendation to buy or sell that security. Investments in securities involve the risk of loss. Past performance is no guarantee of future results. Helium Trades is not responsible for any of your investment decisions, you should consult a financial expert before engaging in any transaction.