Global X Silver Miners ETF (SIL)

Global X Silver Miners ETF is trading at $71.27, down 5.55% on the session. The 50 day average sits at $90.27 and the 200 day at $90.85, which puts the stock in a downtrend. RSI is at 37.5, which reads as weak, and MACD is bearish crossover. Volume is below average.

The nearest support is around $72.83 with resistance near $87.52, so that band frames the current range. Average daily movement is roughly $3.05, or about 4.3% of the share price, which is what any stop placement has to allow for. The overall health score of 23 out of 100 combines a trend score of 7, momentum of 23 and a risk score of 50.

The fund invests at least 80% of its total assets in the securities of the underlying index and in American Depositary Receipts ("ADRs") and Global Depositary Receipts ("GDRs") based on the securities in the underlying index. The underlying index is designed to measure broad-based equity market performance of global companies involved in the silver mining industry. The fund is non-diversified.