SILJ ETF

Silver rises to a multi-year-high. Amplify Junior Silver Miners ETF is the diversified junior silver miners ETF product. The SILJ ETF outperformed silver from August through October 2024.

Silver mining companies have outperformed the broad US and Canadian stock markets in 2024. I have a buy rating on SILJ due to its favorable valuation, strong momentum, and impressive technicals. While SILJ is highly volatile, I see upside ahead despite enhanced volatility around the US election.

For investors seeking momentum, ETFMG Prime Junior Silver Miners ETF SILJ is probably on the radar. The fund just hit a 52-week high and is up 86.5% from its 52-week low price of $7.80/share.

Amplify Junior Silver Miners ETF is the first ETF focusing on small-cap silver miners, providing exposure to a concentrated portfolio of companies involved in silver mining. The SILJ fund charges an expense ratio of 0.69% and offers geographic diversification, with a significant allocation to Canada. Junior silver miners offer potential for magnified returns during bullish periods, but also come with high volatility and financing challenges. SILJ provides a way to access this sector.

Amplify Junior Silver Miners ETF (SILJ) is up 28% year-to-date. Christian Magoon discusses the outlook for cybersecurity stocks, as Amplify's Cybersecurity ETF (HACK) is up 8% year-to-date.

Silver remains below its early 2021 high, while gold has reached record highs. Silver futures broke out of a bearish trend and entered a bullish trend, taking 20 months to surpass the $30 level. Rising open interest and increasing prices validate a bullish trend in silver futures markets.

Silver reaches a new high for the year, extending its trading range. Silver has underperformed gold in recent years, but the odds favor rising silver prices. Amplify Junior Silver Miners ETF could be a good investment choice in the current environment.

The ETFMG Prime Junior Silver Miners ETF provides concentrated exposure to junior silver producers and developers. Although I am bullish on precious metals over the long-run, I do not recommend the SILJ ETF as a long-term hold. Historically, SILJ has underperformed its peers. Instead, investors looking for silver exposure should consider royalty companies or the commodity ETFs, as they have outperformed over the long-run.

ETFMG Prime Junior Silver Miners ETF has been moving lower, but patience and perseverance in silver could lead to long-term success. Gold is heading for a challenge of previous highs and higher gold prices are favored despite rising interest rates. Silver attracts more speculative interest, and its volatility is higher than gold's, but it has held the $20 level despite market challenges.