AGMI Overview

ETF Inflows: The Themes Silver Miners ETF saw a significant increase in inflows, adding 20,000 units, which represents a 40.0% rise in outstanding units.

Market Performance: In morning trading, major components of AGMI, such as Newmont and Endeavour Silver, experienced declines of approximately 1.7% and 2.2%, respectively.

ETF Outflow Details: The AGMI ETF experienced the largest outflow, losing 10,000 units, which equates to a 33.3% decrease in outstanding units compared to the previous week.

Author's Perspective: The opinions expressed in the article are those of the author and do not necessarily represent the views of Nasdaq, Inc.

Market Performance: Despite September typically being a weak month for stocks, the market is on track to finish positively due to rate-cut optimism and investor confidence, with the Dow Jones and S&P 500 reaching record highs.

Top-Performing ETFs: Five leading ETFs in September include KraneShares Electric Vehicles ETF (KARS), Themes Silver Miners ETF (AGMI), U.S. Global Jets ETF (JETS), Reaves Utilities ETF (UTES), and Sprott Copper Miners ETF (COPP), all benefiting from recent economic trends and Federal Reserve rate cuts.

Silver Mining Stocks Surge: Silver mining stocks have achieved their best weekly performance in over four years, driven by rising gold prices, anticipated Federal Reserve interest rate cuts, and a significant global silver supply shortage, with several ETFs reporting substantial gains.

Growing Supply Deficit: A Silver Institute survey indicates a projected supply deficit of 265 million ounces for 2023, with industrial demand expected to rise significantly, further pushing silver prices upward amidst expectations of Fed rate cuts and favorable market conditions.