Bullish Case: SILJ shows a strong recovery over a month with 26.4% gain, signaling investor confidence and potential continuation of this trend as indicated by trending recent price action [Helium][Helium][Helium].


Bearish Case: Despite recent gains, SILJ is still below prices from one and two years ago; implying underlying market skepticism and the possibility of a correction [Helium][Helium].


Potential Outcomes: Considering the term structure and price returns, SILJ has a mixed outlook with a moderate chance (60%) of continued growth short-term, and uncertainty mid-term (40%).


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April 04, 2024


ETF Managers Group LLC - ETFMG Prime Junior Silver Miners Forecast

SILJ        ETF Managers Group LLC - ETFMG Prime Junior Silver Miners
Price Forecast: NEUTRAL    Price Action: TRENDING (?)






Correlated Stock Forecasts

Assets that tend to move strongly with SILJ



SIL Forecast + Options Trading Strategies   [SIL]  Global X Funds - Global X Silver Miners (0.98)


JNUG Forecast + Options Trading Strategies   [JNUG]  Direxion Daily Junior Gold Miners Index Bu (0.96)


GDXJ Forecast + Options Trading Strategies   [GDXJ]  VanEck Vectors Junior Gold Miners (0.96)


SAND Forecast + Options Trading Strategies   [SAND]  Sandstorm Gold (0.87)


AGQ Forecast + Options Trading Strategies   [AGQ]  ProShares Ultra Silver (0.87)



Uncorrelated Stock Forecasts

Assets with little price relationship to SILJ



OKTA Forecast + Options Trading Strategies   [OKTA]  Okta (-0.0)


XME Forecast + Options Trading Strategies   [XME]  SPDR Metals & Mining (0.0)


XLI Forecast + Options Trading Strategies   [XLI]  Industrial Select Sector SPDR (0.0)


DXD Forecast + Options Trading Strategies   [DXD]  ProShares UltraShort Dow30 (-0.0)


WW Forecast + Options Trading Strategies   [WW]  WW International (0.0)



Anticorrelated Stock Forecasts

Assets that tend to move strongly against SILJ



TBF Forecast + Options Trading Strategies   [TBF]  ProShares Short 20+ Year Treasury (-0.65)


TBT Forecast + Options Trading Strategies   [TBT]  PowerShares UltraShort Lehman 20+ Yea (-0.66)


HDSN Forecast + Options Trading Strategies   [HDSN]  Hudson Technologies (-0.68)


ZSL Forecast + Options Trading Strategies   [ZSL]  ProShares UltraShort Silver (-0.75)


JDST Forecast + Options Trading Strategies   [JDST]  Direxion Daily Junior Gold Miners Index Be (-0.83)





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