Silver has been on one heck of a rollercoaster ride. But buckle up, Buttercup! The ride ain’t over yet – and that’s why you should consider the Global X Silver Miners ETF (SIL), advises Sean Brodrick, editor at Weiss Rating Daily.
After rocketing above $100 an ounce in January — and briefly reaching roughly $120 — silver suffered the kind of stomach-churning correction this metal is famous for. While it is still more than 40% below its January high, silver is climbing again — back above $60 in August and now around $65.
(Editor’s Note: Sean is speaking at the 2026 MoneyShow/TradersEXPO Orlando, scheduled for Oct. 5-7. Click HERE to register.)
Driving it are forces I’ve talked about before — tight supply, booming investment demand, a weaker dollar, and enormous industrial consumption. But there’s a new force on the scene now, too: AI. Estimated silver consumption from data centers and AI infrastructure has risen from approximately 8.5 million ounces in 2022 to 31 million ounces last year. It’s forecast to reach roughly 41.5 million ounces this year.
Overall, the Silver Institute forecasts the global silver market will run a 46.3-million-ounce deficit in 2026. That marks the sixth consecutive year of global silver deficits. The cumulative shortfall since 2021 amounts to hundreds of millions of ounces.
You can buy physical silver, or a silver ETF, to profit. But I like miners because they are leveraged to the underlying metal. So, consider SIL. The fund holds shares of major silver producers and charges a 0.65% expense ratio.
The SIL rallied hard last year with silver. It pulled back, squeezed out the weak hands, and now this rollercoaster looks ready to head to new heights.
Recommended Action: Buy SIL.
