Themes Silver Miners ETF
AGMI - ETF AI Analysis
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Themes Silver Miners ETF (AGMI)
AGMI, the Themes Silver Miners ETF, has a solid but not top-tier rating, reflecting a mix of strong leaders and some weaker links among its silver mining holdings. High-quality names like Newmont Mining and Pan American Silver support the fund’s rating with strong financial performance, positive earnings calls, and solid growth prospects, while other holdings such as Endeavour Silver and Aya Gold & Silver face profitability and valuation challenges that likely weigh on the overall score. The main risk is the fund’s concentration in silver and precious metals miners, which can make performance more volatile and sensitive to commodity price swings.
AGMI vs. SPDR S&P 500 ETF (SPY)
- AUM
- 9.21M
- Region
- Global
- Expense Ratio
- 0.35%
- Beta
- 1.31
- Issuer
- Themes
- Inception Date
- May 03, 2024
- Dividend Yield
- 4.59%
- Asset Class
- Equity
- Index Tracked
- STOXX Global Silver Mining Index - Benchmark TR Net
AGMI Summary
Themes Silver Miners ETF (AGMI) is a fund that follows the STOXX Global Silver Mining Index, focusing on companies that mine and produce silver around the world. Most of its holdings are in the materials sector, with well-known names like Newmont Mining and Pan American Silver. Investors might consider AGMI if they want targeted exposure to silver, which is used in electronics, renewable energy, and as a precious metal, offering potential growth and diversification away from traditional stocks. However, this ETF is heavily tied to silver prices and mining stocks, so its value can rise and fall sharply with changes in the silver market.
How much will it cost me?
This ETF has an expense ratio of 0.35%, which means you’ll pay about $3.50 per year for every $1,000 invested. That’s slightly higher than the cost of a typical broad, passively managed index ETF because this fund focuses on a specialized niche of silver mining companies, which usually costs more to manage.
What would affect this ETF?
AGMI is heavily focused on global silver mining companies, so it could benefit if silver demand rises due to growth in renewable energy, electronics, or investor interest in precious metals, as well as if lower interest rates make metals more attractive. On the negative side, the ETF is vulnerable to falling silver prices, higher interest rates, stricter mining regulations, and operational or political issues in the countries where its top holdings operate.
AGMI Top 10 Holdings
AGMI is essentially a pure play on global silver miners, with performance hinging on a handful of heavyweight names. Newmont and Wheaton Precious Metals have been relatively steady to rising over the past few months, helping to prop up the fund. Aya Gold & Silver has been a bright spot, adding some spark with strong recent momentum. On the flip side, Pan American Silver, Fresnillo, and Zijin Mining have been lagging, acting like a weight on returns. With nearly all exposure in materials and spread across North America, Latin America, and Asia, this ETF is tightly tied to the fortunes of the silver mining world.
| Name | Company Name | Weight % | Market Value | Market Cap | Yearly Gain | Overall Rating |
|---|---|---|---|---|---|---|
 NEM | Newmont Mining | 11.54% | $1.02M | $124.66B | 31.71% | 81Outperform |
 PAAS | Pan American Silver | ― | ― | ― | ― | 80Outperform |
 MX:PE&OLES | Industrias Penoles SAB de CV | 9.72% | $855.92K | MXN 314.18B | 3.48% | ―― |
 WPM | Wheaton Precious Metals | ― | ― | ― | ― | 79Outperform |
 TSE:AYA | Aya Gold & Silver | 4.83% | $425.66K | CAD 5.15B | 130.91% | 66Neutral |
 GB:FRES | FRESNILLO | 4.57% | $402.79K | GBP 18.52B | 9.43% | 76Outperform |
 SCCO | Southern Copper | 4.65% | $409.07K | $145.37B | 30.91% | 73Outperform |
 HK:2899 | Zijin Mining Group Co | 4.20% | $369.76K | HKD 854.84B | -11.82% | 72Outperform |
 AG | First Majestic Silver | ― | ― | ― | ― | 69Neutral |
 EXK | Endeavour Silver | ― | ― | ― | ― | 58Neutral |
AGMI Technical Analysis
Price Trends
Market Momentum
Evaluating momentum and price trends is crucial in ETF analysis to make informed investment decisions. For AGMI, the sentiment is Negative. The current price of 62.35 is below the 20-day moving average (MA) of 62.96, below the 50-day MA of 68.78, and below the 200-day MA of 70.10, indicating a bearish trend. The MACD of -1.59 indicates Negative momentum. The RSI at 45.32 is Neutral, neither overbought nor oversold. The STOCH value of 71.28 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AGMI.
AGMI Peer Comparison
Comparison Results
| Name | Price | Price Target | AUM | Expense Ratio | Overall Rating |
|---|---|---|---|---|---|
| AGMI | $62.35 | $66.00(5.85% Upside) | $9.21M | 0.35% | 60Neutral |
 REXC | $13.15 | $22.86(73.85% Upside) | $74.15M | 0.65% | 45Neutral |
 METL | $22.35 | $33.40(49.41% Upside) | $68.43M | 0.99% | 60Neutral |
 FMTL | $32.35 | $40.33(24.65% Upside) | $32.16M | 0.65% | 60Neutral |
 AUMI | $90.40 | $121.06(33.92% Upside) | $22.08M | 0.35% | 74Outperform |
 COPA | $45.20 | $60.16(33.10% Upside) | $11.92M | 0.35% | 59Neutral |
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| AGMI | Themes Silver Miners ETF | 62.35 | 10.15 | 19.45% | |
| REXC | Sprott Rare Earths Ex-China ETF | 13.15 | -7.77 | -37.14% | |
| METL | Sprott Active Metals & Miners ETF | 22.35 | 0.82 | 3.82% | |
| FMTL | First Trust Indxx Critical Metals ETF | 32.35 | 6.98 | 27.49% | |
| AUMI | Themes Gold Miners ETF | 90.39 | 7.83 | 9.48% | |
| COPA | Themes Copper Miners ETF | 45.20 | 9.59 | 26.95% |
This AI Analyst ETF Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in ETFs carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.