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Upturn AI Summary
Themes Silver Miners ETF(AGMI)
Advisory History & Simulated Performance *
*as per simulation (see disclosures)- ALL
- 1Y
- 1M
- 1W
- BUY Advisory
- SELL Advisory (Profit)
- SELL Advisory (Loss)
- Profit
- Loss
- PASS (Skip)
Stock price based on last close Advisory Performance History (Simulated)
Upturn Advisory & Investor View for AGMI
10/02/2026: AGMI (1-star) is currently NOT-A-BUY. Pass it for now.
Themes Silver Miners ETF (AGMI) offers targeted exposure to companies involved in the extraction and production of silver. It achieves this by holding a basket of global mining equities, making it a high-beta play on precious metal prices. The fund’s main strength is its specialized, focused strategy, though it faces stiff competition from larger, more liquid silver mining ETFs. It is best suited for tactical investors looking to capitalize on silver price movements, and participants should monitor commodity trends, liquidity levels, and operational risks within the mining sector.
How to Read the Upturn Advisory
The Upturn Star Rating and the current BUY, SELL, or PASS advisory are generated by Upturn’s AI advisory engine based on proprietary signal analysis, price behavior, advisory history, and historical signal performance.
ETF holdings, costs, diversification, valuation, risks, and market conditions provide supporting context about the fund.
Investor Fit
| Investor style | Fit | Why |
|---|---|---|
| Growth investor | Mixed fit | Silver mining stocks can provide significant capital appreciation during bull markets for precious metals. |
| Momentum investor | Strong fit while signal remains positive | Momentum traders often target the high-beta nature of silver miners during price breakouts. |
| Value investor | Mixed fit | Value investors may look at mining stocks during sector downturns, though valuations are often tied to volatile commodity prices. |
| Dividend/Income investor | Weak fit | Most silver miners prioritize exploration and capital expenditure over consistent dividend payments. |
| Low-risk investor | Weak fit | This fund is subject to high volatility due to its concentration in the commodity mining sector. |
Investor Profile
Ideal Investor Profile
The ideal investor is a sophisticated market participant or tactical trader seeking short-to-medium term exposure to the silver mining industry.
Suitability
The fund is best suited for tactical asset allocators and momentum-focused traders rather than passive, long-term buy-and-hold income investors.
Risk Profile
| Risk factor | Level | Why it matters |
|---|---|---|
| Volatility | High | Commodity-linked equities are subject to extreme price swings based on silver spot prices. |
| Market risk | Medium / high | The fund is exposed to systemic risks affecting the broader mining and materials sector. |
| Concentration | High | By focusing exclusively on silver miners, the fund lacks diversification across other commodities or sectors. |
| Tracking/expense | Medium | Smaller funds may experience higher tracking error relative to their benchmarks. |
| Liquidity | Medium / high | Lower trading volume increases the risk of execution costs for retail investors. |
| Business/sector quality | Medium | Operational and geopolitical risks inherent to mining companies can significantly impact asset values. |
Risk Analysis
Volatility
AGMI experiences high volatility consistent with the leveraged nature of mining stocks relative to the underlying commodity price.
Market Risk
The fund is subject to sector-specific market risks, including commodity price cycles, mining costs, and regulatory impacts.
What the ETF Owns
| Exposure Type | Exposure | Weight (%) | Retail Investor Read |
|---|---|---|---|
| Industry | Silver Mining & Exploration Equities | 98.5 | This represents the core equity exposure to firms involved in the extraction and production of silver. |
| Cash/collateral | Cash and Cash Equivalents | 1.5 | Small liquidity buffer held for fund operational purposes and rebalancing. |
Price Behavior
Downtrend
The stock has experienced a sustained decline in price over recent periods.
Choppy
The stock has experienced frequent reversals and pronounced short-term price swings.
Analysis of Past Performance
Type ETF | Historic Profit 44.99% | Avg. Invested days 40 | Today’s Advisory PASS |
Upturn Advisory Rating  | Upturn Advisory Performance  3.0 | ETF Returns Performance  5.0 |
| Profits based on simulation | Last Close 10/02/2026 |
ETF Fundamentals 
Source: EOD Historical Data • Updated Oct 2, 2026
Fund Basics
| Metric | Value |
|---|---|
| Fund Size (AUM) | $12.33M |
| Issuer | Themes ETF Trust |
| Expense Ratio | 0.35000000000000003% |
| Distribution Yield | 3.65% |
| Inception | May 2, 2024 |
Performance
| Period | Total Return |
|---|---|
| YTD | +12.69% |
| 1 Year | +50.11% |
Risk Metrics
| Metric | Value |
|---|---|
| 1Y Volatility | 56.35% |
| 3Y Volatility | 0% |
| 3Y Sharpe Ratio | 0 |
Market Cap Distribution
| Cap Size | Weight |
|---|---|
| Large Cap | 37.63% |
| Small Cap | 27.68% |
| Mid Cap | 24.75% |
| Mega Cap | 9.50% |
| Micro Cap | 0.38% |
Top Sectors
| Sector | Weight |
|---|---|
| Basic Materials | 100.00% |
| Consumer Cyclicals | 0.00% |
| Financial Services | 0.00% |
| Real Estate | 0.00% |
Asset Allocation
Portfolio Characteristics
| Metric | Value |
|---|---|
| Portfolio P/E | 15.68x |
| Portfolio P/B | 3.06x |
| Portfolio P/S | 3.07x |
Top Holdings
| Holding | Weight |
|---|---|
| Industrias Peñoles S.A.B. de C.V | 10.30% |
| Newmont Goldcorp | 10.11% |
| Pan American Silver | 9.93% |
| Wheaton Precious Metals | 6.58% |
| Southern Copper | 4.95% |
Upturn AI Summary
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
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