Silver vs. Silver miners
Silver and silver miners hav both done really well over the last 1 year. What's the play going forward? Are silver miners undervalued given the rise of silver? Will we see miners rally towards the last silver leg up or will it be different this time?
This comparison by Gale Finance examines Silver (XAG) and Global X Silver Miners ETF (SIL) over the past year. XAG delivered a total return of +189.7% with a Sharpe ratio of 3.14, indicating better risk-adjusted returns compared to SIL's +197.0% return and 2.81 Sharpe ratio. XAG was less volatile at 34.3% annualized, while SIL was more volatile at 40.7%. Despite SIL's higher total return, XAG showed better risk-adjusted performance and lower volatility.
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