Themes Silver Miners ETF (AGMI)
For informational purposes only. Not financial advice. Analysis by Sedat ANAK, Founder & Editor-in-Chief | AI-powered analysis. Data sourced from SEC filings and institutional-grade financial providers. Editorially reviewed. Not financial advice.
Themes Silver Miners ETF (AGMI) trades at $64.16 with AI Score 49/100 (Grade C). Themes Silver Miners ETF (AGMI) focuses on investing in companies heavily involved in the silver mining industry. Market cap: $4.49M, Sector: Financial services.
Last analyzed: Mar 16, 2026Analyst Coverage for AGMI: AGMI does not currently have published analyst price targets in our coverage universe. This is common for smaller-cap names with limited Wall Street coverage. In the absence of analyst consensus, our AI model evaluates AGMI against Financial Services peers across nine fundamental dimensions and assigns an underweight signal based on the underlying data.
AGMI: 2/6 perspectives are bullish. Dominant signal: Ray Dalio bullish.
Themes Silver Miners ETF (AGMI) Financial Services Profile
Themes Silver Miners ETF (AGMI) provides targeted exposure to the silver mining sector by tracking an index of companies deriving substantial revenue from silver ore. Employing a replication strategy, AGMI offers investors a liquid and diversified investment vehicle focused on the performance of silver mining companies, rebalanced quarterly and reconstituted annually.
What Is the Investment Thesis for AGMI?
AGMI presents a targeted investment opportunity for investors seeking exposure to the silver mining sector. The fund's replication strategy and focus on liquid companies with significant silver revenue provide a direct link to the performance of silver prices and the mining industry. With a beta of -0.36, AGMI exhibits a negative correlation to the broader market. The quarterly rebalancing and annual reconstitution of the underlying index ensure that the fund remains aligned with the current dynamics of the silver mining landscape. However, investors may want to evaluate the inherent volatility associated with commodity-related investments and the potential impact of regulatory changes on the mining industry.
Based on FMP financials and quantitative analysis
AGMI Key Highlights
- AGMI focuses on companies with substantial exposure to the silver mining industry, offering targeted investment in this sector.
- The fund employs a replication strategy, aiming to mirror the holdings and weightings of its underlying index for accurate tracking.
- The underlying index uses a two-tier system, prioritizing companies with high revenue from silver ore mining and significant market share.
- AGMI's portfolio is price-weighted, reflecting the market capitalization of its constituent companies.
- The index is rebalanced quarterly and reconstituted annually in September, ensuring alignment with the current silver mining landscape.
Who Are AGMI's Competitors?
AGMI is benchmarked below against 8 industry peers on price, market cap, and our AI MoonshotScore.
| Company | Price | Change | Market Cap | AI Score |
|---|---|---|---|---|
| NXDT NexPoint Diversified Real Estate Trust | $5.13 | +0.59% | $265.34M | 73 |
| GENB Generate Biomedicines, Inc. | $12.99 | +0.46% | $1.67B | 72 |
| SII Sprott Inc. | $117.22 | +1.26% | $3.02B | 71 |
| IDDTF AB Industrivärden (publ) | $34.25 | +0.00% | $14.79B | 70 |
| STEX Streamex Corp. (STEX) is focused on real-world asset tokenization, particularly integrating the gold and commodities market into blockchain technology. The company | $0.97 | +1.94% | $38.42M | 62 |
| DIAX Nuveen Dow 30 Dynamic Overwrite Fund | $14.10 | -0.91% | $512.77M | 62 |
| TRNGF The Trendlines Group Ltd. | $0.03 | +0.00% | $28.04M | 62 |
| ADAML Adamas Trust, Inc. - 6.875% Series F Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock, $0.01 par value per share | $24.29 | +0.31% | $813.04M | 62 |
AI Score by Stock Expert AI · Price data: FMP / Yahoo Finance
What Are AGMI's Key Strengths?
- Targeted exposure to the silver mining industry.
- Replication strategy ensures accurate tracking of the underlying index.
- Invests in liquid companies, providing ease of entry and exit.
- Quarterly rebalancing and annual reconstitution maintain alignment with the market.
What Are AGMI's Weaknesses?
- Performance is highly dependent on the price of silver.
- Subject to volatility associated with commodity-related investments.
- Expense ratio can impact overall returns.
- Limited diversification compared to broader market ETFs.
What Could Drive AGMI Stock Higher?
- Quarterly rebalancing of the index to reflect changes in the silver mining industry (June 2026).
- Increased industrial demand for silver in electronics and renewable energy sectors.
- Investment demand for silver as a hedge against inflation and economic uncertainty.
What Are the Key Risks for AGMI?
- Fluctuations in silver prices due to economic conditions and geopolitical events.
- Regulatory changes impacting the mining industry and environmental regulations.
- Competition from other precious metals and investment options.
- Volatility associated with commodity-related investments.
What Are the Growth Opportunities for AGMI?
- Increased Industrial Demand for Silver: Silver's unique properties make it essential in various industrial applications, including electronics, solar panels, and medical devices. As these industries continue to grow, the demand for silver is expected to rise, benefiting silver mining companies and, consequently, AGMI. The global solar energy market, projected to reach $223.3 billion by 2026, is a significant driver of silver demand.
- Growing Investment Demand for Silver: Silver is often seen as a safe-haven asset, particularly during times of economic uncertainty. Increased investment demand for silver, driven by factors such as inflation concerns and geopolitical risks, can lead to higher silver prices and improved performance for AGMI. Investment demand can fluctuate significantly based on global economic conditions.
- Expansion of Silver Mining Operations: As new silver deposits are discovered and existing mines expand their operations, the supply of silver is expected to increase. This growth in production can lead to higher revenues and profits for silver mining companies, positively impacting AGMI's performance. Mining companies are continually exploring new regions and technologies to enhance silver production.
- Technological Advancements in Silver Mining: Advancements in mining technology, such as automation and data analytics, can improve the efficiency and reduce the costs of silver mining operations. These technological improvements can lead to higher profit margins for silver mining companies and enhance AGMI's overall returns. The adoption of new technologies is crucial for maintaining competitiveness in the mining industry.
- Geopolitical Factors and Supply Chain Disruptions: Geopolitical instability and supply chain disruptions can impact the availability and price of silver. Events such as trade wars, political unrest, and natural disasters can disrupt silver production and distribution, leading to price volatility and potential opportunities for AGMI. Monitoring geopolitical developments is essential for understanding the dynamics of the silver market.
What Opportunities Does AGMI Have?
- Increased industrial demand for silver in electronics, solar panels, and medical devices.
- Growing investment demand for silver as a safe-haven asset.
- Expansion of silver mining operations and new discoveries.
- Technological advancements in silver mining leading to improved efficiency.
What Threats Does AGMI Face?
- Fluctuations in silver prices due to economic conditions and geopolitical events.
- Regulatory changes impacting the mining industry.
- Competition from other precious metals and investment options.
- Environmental concerns and sustainability issues related to mining operations.
What Are AGMI's Competitive Advantages?
- Focused Exposure: AGMI offers targeted exposure to the silver mining industry, differentiating it from broader precious metals ETFs.
- Replication Strategy: The fund's replication strategy ensures accurate tracking of the underlying index.
- Liquidity: AGMI invests in liquid companies, providing investors with ease of entry and exit.
What Does AGMI Do?
Themes Silver Miners ETF (AGMI) is designed to provide investors with exposure to the silver mining industry. Launched with the goal of tracking the performance of companies that generate significant revenue from silver ore mining, AGMI offers a focused investment vehicle for those seeking to capitalize on the unique properties of silver, which serves as both a precious and an industrial metal. The fund operates by employing a replication strategy, meaning it aims to hold the same underlying stocks in the same proportion as its tracked index. The index itself is constructed using a two-tier system. Tier 1 includes companies that derive 50% or more of their revenue from silver ore mining, up to a maximum of 50 companies. Tier 2 consists of companies that rank in the top 40% in terms of market share within the silver ore mining industry. This methodology ensures that the index captures the most relevant and liquid companies in the sector. Individual positions within the portfolio are price-weighted, reflecting the market capitalization of the underlying companies. The index is rebalanced quarterly and reconstituted annually in September, ensuring that the fund accurately reflects the current state of the silver mining industry.
What Products and Services Does AGMI Offer?
- Invests in companies with substantial exposure to the silver mining industry.
- Tracks an underlying index composed of companies deriving significant revenue from silver ore mining.
- Employs a replication strategy to mirror the holdings and weightings of the underlying index.
- Utilizes a two-tier system for selecting companies, prioritizing those with high silver revenue and market share.
- Rebalances the index quarterly to maintain alignment with the current market conditions.
- Reconstitutes the index annually in September to ensure the fund accurately reflects the silver mining industry.
How Does AGMI Make Money?
- AGMI generates revenue through investment in companies involved in silver mining.
- The fund's performance is directly tied to the price of silver and the operational success of silver mining companies.
- The ETF charges an expense ratio to cover the costs of managing the fund.
What Industry Does AGMI Operate In?
AGMI operates within the asset management industry, specifically targeting the silver mining sector. The silver market is influenced by factors such as industrial demand, investment demand, and geopolitical events. AGMI competes with other ETFs and investment funds that focus on precious metals and mining companies. The fund's focus on companies with significant revenue from silver ore mining differentiates it from broader precious metals ETFs. The fund's performance is closely tied to the price of silver and the operational success of the companies within its portfolio.
Who Are AGMI's Key Customers?
- Individual investors seeking exposure to the silver mining sector.
- Institutional investors looking for a targeted investment vehicle focused on silver.
- Financial advisors seeking to diversify client portfolios with commodity-related assets.
AGMI Financials
Bull Case vs Bear Case
Bull Case
- Recent insider buying suggests confidence in the ETF's long-term potential, indicating that key stakeholders believe in the value of silver mining assets.
- Community sentiment around silver as a hedge against inflation has been growing, leading to increased interest in AGMI.
- The broader market's focus on sustainable mining practices aligns with AGMI's holdings, appealing to socially conscious investors.
- Recent discussions highlight the potential for silver demand in renewable energy technologies, which could benefit AGMI's portfolio.
Bear Case
- Concerns about global economic slowdown could dampen demand for silver, impacting the ETF's performance negatively.
- Recent bearish sentiment in the mining sector reflects worries about operational challenges and regulatory hurdles that may affect profitability.
- High volatility in commodity prices can lead to uncertainty around AGMI's holdings, causing hesitation among investors.
- Some community members express skepticism about the ETF's ability to outperform traditional investments, suggesting a lack of confidence in silver's future.
AI-generated arguments based on insider flow, news sentiment and technicals — not financial advice · March 2026
AGMI Latest News
No recent news available for AGMI.
AGMI Analyst Consensus
Consensus Rating
Aggregated Buy/Hold/Sell recommendations from Benzinga, Yahoo Finance, and Finnhub for AGMI.
Price Targets
Wall Street price target analysis for AGMI.
AGMI MoonshotScore
What does this score mean?
The MoonshotScore rates AGMI's growth potential on a scale of 0-100 across multiple factors including innovation, market disruption, financial health, and momentum.
AGMI Financial Services Stock FAQ
What does Themes Silver Miners ETF do?
Themes Silver Miners ETF (AGMI) is designed to provide investors with targeted exposure to the silver mining industry. The fund tracks an index composed of companies that derive a significant portion of their revenue from silver ore mining. By employing a replication strategy, AGMI aims to mirror the performance of its underlying index, offering investors a focused investment vehicle for participating in the silver market. The fund's index is rebalanced quarterly and reconstituted annually to ensure it accurately reflects the current state of the silver mining sector.
What are the main risks for AGMI?
The primary risks associated with AGMI include fluctuations in silver prices, regulatory changes impacting the mining industry, and competition from other precious metals and investment options. Silver prices are influenced by various factors, including economic conditions, geopolitical events, and industrial demand. Regulatory changes, such as stricter environmental regulations, can increase the costs of mining operations and impact the profitability of silver mining companies. Additionally, AGMI faces competition from other investment vehicles that offer exposure to precious metals and commodities. Investors should carefully consider these risks before investing in AGMI.
What are the key factors to evaluate for AGMI?
Themes Silver Miners ETF (AGMI) holds an AI score of 49/100 (low). Not financial advice.
How frequently does AGMI data refresh on this page?
AGMI prices update in real time during U.S. market hours. Fundamentals refresh after quarterly filings; analyst ratings and AI insights update daily; news is aggregated continuously.
What has driven AGMI's recent stock price performance?
Themes Silver Miners ETF (AGMI) moves on earnings results, analyst revisions, sector rotation, and market sentiment. Notable catalyst: Targeted exposure to the silver mining industry. See the News tab for the latest drivers. Past performance does not predict future results.
Should investors consider AGMI overvalued or undervalued right now?
Valuing Themes Silver Miners ETF (AGMI) requires multiple metrics. Compare P/E, P/S, and EV/EBITDA against sector peers for a full view.
What research should beginners do before buying AGMI?
Before investing in Themes Silver Miners ETF (AGMI), research these four areas: (1) the company's revenue model and competitive position (see Company Overview), (2) financial health through revenue growth, margins, and cash flow (see MoonshotScore), (3) what Wall Street analysts recommend and their price targets (see Analyst tab), and (4) specific risk factors that could impact the stock (see Risk Factors section).
Why might investors consider adding AGMI to a portfolio?
Key strength of Themes Silver Miners ETF (AGMI): Targeted exposure to the silver mining industry. Weigh rewards against risks and diversify. Not financial advice.
Disclaimer: This content is for informational purposes only and does not constitute investment advice. Always do your own research and consult a financial advisor.
Official Resources
Data provided for informational purposes only.
- AI analysis pending for AGMI, limiting the availability of analyst consensus and valuation metrics.
- The performance of AGMI is highly dependent on the price of silver, which can be volatile.