SIL, WPM, PAAS, AG: Large Outflows Detected at ETF

Global X Silver Miners ETF (SIL) experienced approximately $126.8 million of net outflows last week, a 2.5% decline in shares outstanding week-over-week. This was the largest week-over-week change detected among the ETF Channel-covered universe. The move signals modest redemption pressure on silver-miners exposure but is unlikely to have broad market implications beyond the fund.

Analysis

Global X Silver Miners ETF (SIL) experienced approximately $126.8 million of net outflows last week, a 2.5% decline in shares outstanding week-over-week. This was the largest week-over-week change detected among the ETF Channel-covered universe. The move signals modest redemption pressure on silver-miners exposure but is unlikely to have broad market implications beyond the fund.