Silver-Mining ETF Emerges as Latest Niche

Mining stocks got support as GlobalX Funds started selling the GlobalX Silver Miners ETF(SIL).

It's the latest in a flurry of mining-stock exchange traded funds, which include the Market Vectors Junior Gold Miners ETF(GDXJ) and the First Trust ISE Global Copper Index Fund(CU). GlobalX also has a new copper fund with its Copper Miners ETF(COPX). The company has the silver category all to itself for now.

Canada accounts for 58% of the ETF, Mexico, 24%, the U.S., 10%, and Russia and Peru, 4% each. Many of the Canada-based companies have much of their operations in South or Central America. (more)