For its part, SILJ is up 19.5% to start 2017.
SIL, the largest silver miner-related ETF, tries to mirror the Solactive Global Silver Miners Total Return Index, which is also comprised of global silver miners. SILJ tries to reflect the performance of the ISE Junior Silver (Small Cap Miners/Explorers) Index, which is comprised of silver exploration and mining exposure of small-cap companies, such s Coeur Mining (NYSE: CDE), Pan American Silver (NasdaqGS: PAAS) and First Majestic Silver (NYSE: AG).
“This beaten-down sector has much-higher odds of soaring higher than collapsing lower. Before this past year’s young new silver bull, silver stocks were battered relentlessly in the dark years from 2013 to 2015. That spawned such epic bearishness that everyone susceptible to being scared into selling low is long since out,” adds SilverSeek.
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