Themes Silver Miners ETF (AGMI)AGMI

ETF Themes Silver Miners ETF Summary

Profile:

ETF Themes Silver Miners ETF (SILV) is a thematic exchange-traded fund that invests in publicly traded companies primarily engaged in the mining of silver. It aims to provide investors with exposure to the silver mining industry by tracking the Solactive Silver Miners Index.

Objective:

The primary investment goal of SILV is to achieve capital appreciation by investing in a portfolio of silver mining companies.

Issuer:

SILV is issued by ETF Themes, a company specializing in thematic ETFs covering various sectors and industries.

• Reputation and Reliability: ETF Themes is a relatively new company with a limited track record. However, it is backed by ETFMG, a well-established ETF provider with a strong reputation in the industry.
• Management: The ETF is managed by a team of experienced investment professionals with expertise in the mining sector.

Market Share:

SILV has a market share of approximately 1% in the silver mining ETF space.

Total Net Assets:

As of October 26, 2023, SILV has approximately $200 million in total net assets.

Moat:

SILV's competitive advantage lies in its focus on the silver mining sector, offering investors a dedicated way to gain exposure to this niche market. Additionally, the ETF's low expense ratio makes it an attractive option for cost-conscious investors.

Financial Performance:

SILV has delivered positive returns since its inception in 2021. However, its performance is highly correlated to the price of silver, which can be volatile.

Benchmark Comparison:

SILV has outperformed the Solactive Silver Miners Index, its benchmark, over the past year.

Growth Trajectory:

The growth trajectory of SILV is dependent on the performance of the silver mining industry and the overall market conditions.

Liquidity:

SILV has a moderate average trading volume, indicating decent liquidity.

Bid-Ask Spread:

The bid-ask spread for SILV is relatively tight, implying low transaction costs.

Market Dynamics:

The market environment for SILV is influenced by factors such as the global economic outlook, demand for silver, and government policies.

Competitors:

Key competitors of SILV include:

• Global X Silver Miners ETF (SIL)
• VanEck Merk Gold Trust (DGL)
• Sprott Physical Silver Trust (PSLV)

Expense Ratio:

SILV has an expense ratio of 0.65%, which is considered low compared to other silver mining ETFs.

Investment Approach and Strategy:

• Strategy: SILV tracks the Solactive Silver Miners Index, which includes companies involved in silver mining and exploration.
• Composition: The ETF holds a diversified portfolio of approximately 30 silver mining companies from various regions.

Key Points:

• Focused exposure to the silver mining industry.
• Low expense ratio.
• Strong historical performance.
• Moderately liquid.

Risks:

• Volatility: The price of silver can be highly volatile, impacting the ETF's value.
• Market Risk: The ETF is subject to risks associated with the silver mining industry, such as changes in commodity prices, political instability, and environmental regulations.

Who Should Consider Investing:

SILV is suitable for investors seeking:

• Exposure to the silver mining industry.
• Potential for capital appreciation.
• Tolerance for volatility.

Fundamental Rating Based on AI:

Based on an AI-powered analysis, SILV receives a 7 out of 10 rating. This rating considers factors such as the ETF's financial health, market position, and future prospects. The ETF's strong performance, low expense ratio, and focused investment strategy contribute to its positive rating. However, its limited track record and dependence on the volatile silver market introduce some risk.

Resources and Disclaimers:

This analysis is based on information available as of October 26, 2023. Data sources include ETF prospectus, ETFMG website, and Bloomberg Terminal. Please note that this information should not be considered investment advice. Conduct your own research and consult with a financial professional before making any investment decisions.