Silver News Highlights: iShares Silver Trust (ETF) (SLV)’s Rise, First Majestic Silver Corp (AG)’s Rating & Global X Silver Miners (SIL)

Editor’s Note: Global X Silver Miners (NYSEARCA:SIL), iShares Silver Trust (ETF) (NYSEARCA:SLV), First Majestic Silver Corp (NYSE:AG), SilverCrest Mines Inc (NYSEMKT:SVLC)

Emerging Market ETFs Slide In August (
Emerging market exchange-traded funds took it on the chin in August, weighed down by China’s slowdown and concerns about the end of the Fed’s easy-money policies, while precious metals funds did quite well, helped in part by geopolitical tensions in the Middle East. On the flip side, precious metals ETFs, specifically silver ETFs, experienced the best of times last month, led by the PowerShares DB Silver Fund, which gained 23.63 percent. The iShares Silver Trust (ETF) (NYSEARCA:SLV) and the ETFS Physical Silver ETF rounded out the top-three top performers, both with gains of almost 21 percent last month.


BMO Capital Markets Downgrades First Majestic Silver to Market Perform (AG) (The Utah People’s Post)
First Majestic Silver Corp (NYSE:AG) was downgraded by equities researchers at BMO Capital Markets to a “market perform” rating in a research report issued on Wednesday, AR Network reports. First Majestic Silver traded down 0.14% on Wednesday, hitting $14.61. The stock had a trading volume of 990,808 shares. First Majestic Silver Corp (NYSE:AG) has a 52 week low of $8.81 and a 52 week high of $24.20. The stock has a 50-day moving average of $13.56 and a 200-day moving average of $13.07. The company has a market cap of $1.708 billion and a P/E ratio of 23.22.

The Global X Silver Miners ETF Doesn’t Have As Much Silver Exposure As You Think It Does (Seeking Alpha)
In this article I analyze the Global X Silver Miners (NYSEARCA:SIL) in order to determine how much silver exposure its shareholders actually get. The goal of this ETF is to give investors exposure to a wide array of silver mining companies, so that they can benefit from rising silver prices without exposing themselves to the risks of owning individual mining companies. When looking at the list of companies held by the fund, I immediately became concerned that it was not providing investors with the exposure and leverage to the silver price that they likely hoped for.

SilverCrest Reports Additional Drill Results at Santa Elena Mine; Another Discovery & More High Grade Intercepts, 15 metres @ 4 gpt Au & 243 gpt Ag including 2 metres @ 17.5 gpt Au & 664 gpt Ag (SYS-CON Media)
SilverCrest Mines Inc (NYSEMKT:SVLC) (the “Company”) is pleased to announce further results of delineation drilling at the Santa Elena Mine in Sonora, Mexico. A total of 181 core and RVC holes were completed in this program of which 134 holes were utilized in the recently announced “Santa Elena Pre-Feasibility Study and Update Reserve Technical Report” (Technical Report). Results for the remaining 47 holes reported in this news release were not available for inclusion in the revised Reserves and Resources for the Technical Report. The results show further expansion of the Santa Elena Deposit which is still open latterly and to depth.