Global X ETFs has listed a new ETF focused on silver mining companies on the Australian Securities Exchange (ASX).
Sign up to our free newsletters
By ETFWorld.co.uk
Alex Zaika Chief Executive Officer Global X ETFs Australia
The Global X Silver Miners ETF (ASX: SLVM), launched on January 29, 2026, tracks the Solactive Global Silver Miners Index and brings to Australia an investment strategy already established in the United States through its sister fund SIL.
The product: structure and technical characteristics
The SLVM ETF offers Australian investors exposure to a basket of global companies whose core business is related to silver mining, refining, or exploration. The aim is to capture the operating leverage typical of the mining sector, where an increase in the price of the raw material can amplify companies’ revenues and profitability.
The underlying index selects between 20 and 40 companies based on market capitalization, liquidity, and operational focus criteria. Components are weighted by capitalization, with a 22.5% limit per holding and additional concentration limits to promote diversification. The ETF is structured to offer local access, eliminating the currency and tax complexities associated with investing in foreign products.
Feature Global X Silver Miners ETF (ASX: SLVM)
Listing Exchange Australian Securities Exchange (ASX)
Ticker SLVM
Launch Date January 29, 2026
Index Tracked Solactive Global Silver Miners Index (AUD Net TR)
Net Assets New launch
Primary Objective Local access for Australian investors to the global silver mining sector
A changing market: industrial silver and the context
The ETF launch comes at a time of evolution in the silver market. The metal has cemented its role as a critical industrial input, especially in the global energy transition, essential for the production of solar panels, electronic devices, and LEDs.
According to research cited by Global X, the global silver market, estimated at around $7 billion in 2023, could exceed $11 billion by 2028, driven in part by these industrial applications. The United States, with production of over 1,100 tons in 2023, is a key player in this supply chain, with mines operating mainly in Nevada and Alaska.
This scenario creates a unique dynamic: robust demand, coupled with supply that struggles to keep pace, can support prices. For mining companies, this translates into potential financial leverage, as their margins can expand significantly when silver prices rise.
Timo Pfeiffer, Chief Markets Officer at Solactive, commented on the launch, highlighting silver’s unique position: “Silver occupies a unique position at the intersection of monetary wealth and modern industrial demand, especially with the acceleration of global electrification and decarbonization.”
A spokesperson for Global X Australia highlighted the company’s strategy: “Global X has long been the leading provider of precious metals ETFs in Australia. The launch of this ETF is a natural extension of that leadership, aimed at broadening and improving access points for investors seeking exposure to silver.” The stated goal is to “evolve the precious metals investment toolkit” from physical bullion alone to more targeted equity exposures.
Outlook and considerations for investors
For Australian investors, SLVM represents a specialized tool for investing in the silver mining sector. The track record of the US SIL fund shows significant performance, with a one-year return (as of February 4, 2026) of +165.93%, although past performance is no guarantee of future results. It is important to note that sector ETFs such as this are typically more volatile than a diversified portfolio. Key risk factors include commodity price trends, geopolitical risks in mining countries, and the specific operational and financial risks of mining companies.
The listing of SLVM expands the options available to local investors, offering a direct channel to participate in the dynamics between industrial demand, supply tensions, and mining sector performance.
Source : ETFWorld.co.uk
Subscribe to Our Newsletter
