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SIL (Silver Miners ETF) to Silver ratio...

from Dan Norcini

This one is very revealing as it contains silver miners. Its performance against silver since last year has been spectacular - if one can measure a poor showing in those terms (spectacularly poor).

SIL Top Ten Holdings

1. Silver Wheaton Corporation (SLW): 12.74%
2. Industrias Penoles SAB de CV (PE&OLES): 11.10%
3. Fresnillo PLC (FRES): 10.44%
4. Pan American Silver Corporation (PAAS): 9.82%
5. First Majestic Silver Corp (AG): 6.86%
6. Coeur D'Alene Mines Corporation (CDE): 5.64%
7. Silvercorp Metals Inc. (SVM): 5.22%
8. Hochschild Mining PLC (HOC): 4.45%
9. Hecla Mining Company (HL): 4.40%