SIL Forecast + Trading Strategies


Bullish Case: Robust rebound with SIL appreciating 18.3% in the last month and a significant 21.6% surge over the past 90 days. Positive short-term sentiment reflects investor confidence, supported by favorable Helium AI odds for bullish plays.


Bearish Case: Historical trends suggest potential downside risk, with a 9.3% decline from two years ago and a flat term structure indicating a lack of strong short-term bullish conviction.


Potential Outcomes:

1) Continued bullish momentum with a 50% probability.

2) Near-term pullback due to profit-taking or weakening sentiment at 30%.

3) Breakout above $33 fails due to resistance, 20% chance.


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April 25, 2024


Global X Funds - Global X Silver Miners Forecast

SIL        Global X Funds - Global X Silver Miners
Price Forecast: BULLISH    Price Action: TRENDING (?)











Correlated Stock Forecasts

Assets that tend to move strongly with SIL



SILJ Forecast + Options Trading Strategies   SILJ  ETF Managers Group LLC - ETFMG Prime Junior Silver Miners (0.98)


GDXJ Forecast + Options Trading Strategies   GDXJ  VanEck Vectors Junior Gold Miners (0.97)


JNUG Forecast + Options Trading Strategies   JNUG  Direxion Daily Junior Gold Miners Index Bu (0.94)


RING Forecast + Options Trading Strategies   RING  BTC iShares MSCI Global G (0.94)


AEM Forecast + Options Trading Strategies   AEM  Agnico Eagle Mines (0.86)



Uncorrelated Stock Forecasts

Assets with little price relationship to SIL



WRBY Forecast + Options Trading Strategies   WRBY  Warby Parker (-0.0)


KNX Forecast + Options Trading Strategies   KNX  Knight-Swift Transportation (0.0)


BIG Forecast + Options Trading Strategies   BIG  Big Lots (0.0)


GSG Forecast + Options Trading Strategies   GSG  BlackRock Institutional Trust Company N.A. - iShares S&P GSCI Commodity-Indexed (0.0)


ZG Forecast + Options Trading Strategies   ZG  Zillow (-0.0)



Anticorrelated Stock Forecasts

Assets that tend to move strongly against SIL



DLO Forecast + Options Trading Strategies   DLO  DLocal (-0.48)


HDSN Forecast + Options Trading Strategies   HDSN  Hudson Technologies (-0.54)


WMT Forecast + Options Trading Strategies   WMT  Walmart (-0.6)


JDST Forecast + Options Trading Strategies   JDST  Direxion Daily Junior Gold Miners Index Be (-0.89)


DUST Forecast + Options Trading Strategies   DUST  Direxion Daily Gold Miners Index Bear 2X S (-0.92)





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