ETFMG Prime 2x Daily Junior Silver Miners ETF

Frequently Asked Questions About SILX

What does SILX invest in?

The index tracks the performance of the equity securities of small-capitalization companies actively engaged in silver refining, mining, or exploration (“Junior Silver Companies”). The fund invests at least 80% of its net assets in financial instruments, such as swap agreements, securities of the index, and ETFs that track the index and other financial instruments that provide daily leveraged exposure to the index or to ETFs that track the index. It is non-diversified.

What is the expense ratio of SILX?

ETFMG Prime 2x Daily Junior Silver Miners ETF (SILX) charges an expense ratio of 0.97%. This is the annual fee deducted from fund assets to cover management and operations.

Is SILX a good long-term hold?

SILX is a leveraged fund designed to deliver a daily multiple of its underlying index. Daily reset compounding means returns over multi-day periods can diverge significantly from the headline multiple — typically negative drift in choppy markets. These funds are designed for short-term tactical use, not buy-and-hold. Review the fund's prospectus before holding more than a few days.

How does SILX's daily reset work?

SILX rebalances exposure each trading day to maintain its target leverage ratio against the next day's move. The daily reset means returns compound at the daily level — so a +1%, −1% sequence on the underlying doesn't return the underlying to flat after the leverage multiplier. Over time this path-dependence erodes returns in volatile markets and amplifies them in trending markets.

How big is SILX?

ETFMG Prime 2x Daily Junior Silver Miners ETF (SILX) manages $5.5M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure — funds below ~$50M are at higher risk of liquidation.

Is SILX actively managed or an index fund?

SILX's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy.