Usman Salis
⬤ The Senior Silver Miners ETF has risen steadily since it broke above a two year rising channel in August 2025. The break set off a fast 50 % climb that left the fund well above its earlier trend lines and showed clear strength in senior mining shares.
⬤ Silver itself appears set for another upward move. If the metal moves back above $60, it has room for a 20 % rise toward $70. At the moment SIL trades near the mid-$70 mark after its first surge and the chart still looks firm.
⬤ If silver follows through, SIL could add another 30 % by early or mid-January 2026. The fund now sits above its former multi year channel and the chart shows a clear upward slope - silver miners may keep leading as long as the metal stays in rally mode.
⬤ This is important because SIL magnifies silver's moves. A confirmed breakout plus renewed strength in the metal could lift sentiment across the entire precious metals complex. If silver reaches $70, the way SIL reacts will show whether the sector can stay firm into 2026.
Usman Salis
