SIL Forecast + Trading Strategies


Bullish Case: The term structure shows increasing implied volatility towards year-end, suggesting higher price movement potential. The AI forecast is +0.76%, and call options volume is up 65% over puts, indicating bullish sentiment.


Bearish Case: Despite recent bullish momentum, the long-term historical return surface shows significant downside risk, and the flat term structure indicates uncertainty. The price is already down 11.4% from last month, showing recent weakness.


Potential Outcomes:

1. Short-term bullish push towards $33 (60%).

2. Moderate pullback towards $30 (25%).

3. Broader decline back to $27 due to bearish historical trends (15%).


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June 27, 2024


Global X Funds - Global X Silver Miners Forecast

SIL      Global X Funds - Global X Silver Miners











Correlated Assets

Assets that tend to move strongly with SIL



ETRN Forecast + Options Trading Strategies   ETRN  Equitrans Midstream (0.76)


XLE Forecast + Options Trading Strategies   XLE  Energy Select Sector SPDR (0.49)


VFC Forecast + Options Trading Strategies   VFC  VF (-0.47)


LI Forecast + Options Trading Strategies   LI  Li Auto (-0.62)



Uncorrelated Assets

Assets with little price relationship to SIL



VFC Forecast + Options Trading Strategies   VFC  VF (-0.47)


XLE Forecast + Options Trading Strategies   XLE  Energy Select Sector SPDR (0.49)


LI Forecast + Options Trading Strategies   LI  Li Auto (-0.62)


ETRN Forecast + Options Trading Strategies   ETRN  Equitrans Midstream (0.76)



Anticorrelated Assets

Assets that tend to move strongly against SIL



ETRN Forecast + Options Trading Strategies   ETRN  Equitrans Midstream (0.76)


XLE Forecast + Options Trading Strategies   XLE  Energy Select Sector SPDR (0.49)


VFC Forecast + Options Trading Strategies   VFC  VF (-0.47)


LI Forecast + Options Trading Strategies   LI  Li Auto (-0.62)


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.






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