Bullish Case: Positive month-on-month SIL price action implies a reversal from recent downturns, potentially driven by short-term trading momentum and broader market interest in silver miners.


Bearish Case: Long-term historical performance trends lower, recent price drop from quarterly high could signal continued bearish trajectory outweighing temporary bullish sentiment.


Potential Outcomes:

1) Rebound and stabilization around $26, following recent uptick (40%).

2) Descend below $25 influenced by historical trends (35%).

3) Surpass $27, riding short-term momentum (25%).


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March 27, 2024


Global X Funds - Global X Silver Miners Forecast

SIL        Global X Funds - Global X Silver Miners
Price Forecast: NEUTRAL    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)


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


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


AEM Forecast + Options Trading Strategies   [AEM]  Agnico Eagle Mines (0.85)



Uncorrelated Stock Forecasts

Assets with little price relationship to SIL



SUM Forecast + Options Trading Strategies   [SUM]  Summit Materials (0.0)


JAZZ Forecast + Options Trading Strategies   [JAZZ]  Jazz Pharmaceuticals (0.0)


NET Forecast + Options Trading Strategies   [NET]  Cloudflare (0.0)


KSS Forecast + Options Trading Strategies   [KSS]  Kohl's (0.0)


W Forecast + Options Trading Strategies   [W]  Wayfair (0.0)



Anticorrelated Stock Forecasts

Assets that tend to move strongly against SIL



HDSN Forecast + Options Trading Strategies   [HDSN]  Hudson Technologies (-0.59)


EUO Forecast + Options Trading Strategies   [EUO]  ProShares UltraShort Euro (-0.59)


TBF Forecast + Options Trading Strategies   [TBF]  ProShares Short 20+ Year Treasury (-0.64)


TBT Forecast + Options Trading Strategies   [TBT]  PowerShares UltraShort Lehman 20+ Yea (-0.65)


JDST Forecast + Options Trading Strategies   [JDST]  Direxion Daily Junior Gold Miners Index Be (-0.87)





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