---
title: "Weekly Recap | SIL.US +0.15%, closing in on record highs"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/298088985.md"
description: "Global X Silver Miner (SIL.US) added 0.15% on the week, closing at $99.29 and edging out the S&P 500 by roughly 0.06 percentage points. The path was far from smooth: it closed at $97.95 on Monday, dropped to $93.61 at Tuesday’s low, then snapped back to hit $102.15 on Thursday before fading to $99.29 on Friday. The 8.66% weekly swing came on subdued volume, with average daily turnover about 2.6% below the 60-day median."
datetime: "2026-09-05T04:16:14.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/298088985.md)
  - [en](https://longbridge.com/en/news/298088985.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/298088985.md)
generator: "portal-rs"
---

# Weekly Recap | SIL.US +0.15%, closing in on record highs

## The Week

Global X Silver Miner (SIL.US) added 0.15% on the week, closing at $99.29 and edging out the S&P 500 by roughly 0.06 percentage points. The path was far from smooth: it closed at $97.95 on Monday, dropped to $93.61 at Tuesday’s low, then snapped back to hit $102.15 on Thursday before fading to $99.29 on Friday. The 8.66% weekly swing came on subdued volume, with average daily turnover about 2.6% below the 60-day median.

## Sector News

The silver mining complex leaned upward this week. A 2 September story flagged a sixth straight year of silver supply deficit, with high-grade exploration pulling capital back into established districts. On 3 September, a softer US dollar lifted silver prices and silver miners along with them. Among related names, Hecla Mining rose 7.67% in midday trading on higher turnover, while Wheaton Precious Metals scheduled an investor day webcast for 16 September. Institutions were active buyers: Corient Private Wealth and Two Sigma Securities both added to Wheaton Precious Metals positions. Pre-market moves stayed mixed, with Coeur Mining up 3.08% on 3 September but down 4.53% the following morning.

## The Week Ahead

Macro data arrives thick and fast next week. NFIB small business sentiment (prior 99.8) lands on 8 September, followed on 10 September by the 10-year Treasury auction, initial jobless claims, PPI, existing home sales and wholesale sales. For rate-sensitive silver miners, yields and the dollar are the two most direct variables to track. A further rise in yields could pressure the precious metals complex, while a softer dollar would extend the theme that helped silver miners late this week. Wheaton Precious Metals’ investor day on 16 September is the key company-level event in the near term.

## In Short

SIL.US closed the week at $99.29, just below the 28 August range high of $104.49, but the 8%-plus intraweek swing shows the move higher was uneven. The supportive side features supply deficits and a softer dollar; the drag comes from Friday’s pre-market dip in Coeur Mining and lingering rate uncertainty. Latest-day flow data shows mid-lot net buying of 144.56 and small-lot net buying of 284.49, a mildly positive tilt. The next test is whether silver miners can hold above $100 as dollar and yield signals evolve.

*This article is generated by LongbridgeAI from market data, for information only and not investment advice.*

### Related Stocks

- [SIL.US](https://longbridge.com/en/quote/SIL.US.md)

## Related News & Research

- [Development-stage mining company Sunshine Silver Mining & Refining files for an estimated $400 million IPO](https://longbridge.com/en/news/286005025.md)
- [LIVE MARKETS-All that glitters is rallying again](https://longbridge.com/en/news/295541051.md)
- [Marvell Now Sees as Much as $90 Billion in Annual Sales by Fiscal 2031. Here's Why It's a Chip Stock to Buy.](https://longbridge.com/en/news/301114413.md)
- [Marvell just impressed Wall Street with 'good numbers plus a better story'](https://longbridge.com/en/news/301066509.md)
- [Seagate vs. Western Digital vs. Toshiba: The AI Storage War Is Getting Serious](https://longbridge.com/en/news/301054654.md)

---
> **Disclaimer: This article is for reference only and does not constitute any investment advice.**