Global X launches second silver ETF amid surging demand

29 January 2026

Global X ETFs Australia has today announced the launch of the Global X Silver Miners ETF (SLVM), marking the group’s second silver-focused fund and Australia’s first dedicated silver miners ETF.

The Global X Silver Miners ETF tracks the Solactive Global Silver Miners Index (AUD Net Total Return), providing Australian investors with targeted exposure to leading global companies predominantly engaged in silver mining and closely related activities, including exploration. The ETF aims to capture the performance potential of silver miners, whose earnings profiles are closely linked to trends in the underlying commodity.

The launch comes amid strong investor demand for precious metals. The Global X Physical Silver Structured ETF (ETPMAG) recently surpassed $2 billion in assets under management after experiencing $360 million in net flows in 2025.

Global X ETFs Australia CEO Alex Zaika said the launch of SLVM demonstrates the group’s unique ability to combine global insight with local expertise.

“As part of the broader Global X family operating in the United States, Canada and Asia, we consistently take a global approach when bringing new funds to the Australian market,” Mr Zaika said.

“The Global X Silver Miners ETF has an established track record in the US, where it has been trading since 2010 with US$6 billion in assets under management. Bringing this capability to the Australian market enables local investors to access the operational leverage of silver miners without the added complexity of foreign currency exposure or overseas tax considerations,” he said.

The launch of SLVM adds to an established suite of Global X commodity ETFs, including the Global X Physical Silver Structured ETF (ETPMAG), Copper Miners ETF (WIRE), and the Physical Structured Gold ETF (GOLD).

As the largest gold manager in Australia, Global X has become the ETF provider of choice for Australian investors looking for commodities exposure.

Global X investment strategist Justin Lin said precious metals have become a popular addition to investor portfolios over the last 12 months.

“In 2025 we saw more than $780 million in net flows to our three gold ETFs (GOLD, GXLD and GHLD) and around $360 million into silver (ETPMAG),” Mr Lin said. “Silver was the top performing asset of 2025 and that rally has continued into this year, driven by physical supply tightness in London and policy dynamics,” he said.

“While the acute tightness seen in late 2025 has eased, residual tariff uncertainty and ongoing retail participation could continue to support prices in the near term.”

Mr Lin said silver miners are well positioned to capitalise on the surge in silver prices. He noted that as a group, their margins have more than quadrupled from 3% to above 15% in a single year.

“The lack of silver exposures on the Australian market has been a pain point for local investors looking to capitalise on the meteoric rise of the metal. Global X already offers the only physical silver fund on the ASX. The launch of SLVM gives investors even greater access to this dynamic commodity,” he concluded.

The Global X Silver Miners ETF (SLVM) is now trading on the Australian Securities Exchange.