Tunnusluvut
Riskitaso
?
Korkea: 6 / 7
Huomioi, että vaikka osakerahastoihin säästäminen on pitkällä aikavälillä tuottanut hyvin, tulevasta tuotosta ei ole takeita. On olemassa riski, että et saa sijoittamiasi varoja takaisin.
Tunnusluvut
- Juoksevat kulut1,40%
- OmaisuusluokkaOsake
- KategoriaSektori arvometallit osakkeet
- PerusvaluuttaEUR
- Lainoitusaste70%
- Avaintietoasiakirja
Tietoa rahastosta
The focus is on Global Precious Metal Mining Company with a special focus on transferable securities whose value development is affected by the market development for Silver.
Vastaavan tyyppisiä rahastoja
Omistukset
Päivitetty 30.4.2026
Jakauma
- Osakkeet96,1%
- Muut3,5%
- Lyhyt korko0,4%
Asiakkaat katsoivat myös
Foorumi
Liity keskusteluun Nordnet Socialissa
Kirjaudu
10 t sitten10 t sittenAuAg Silver Bullet — What the Fund Believes About Silver Prices Going Forward AuAg Funds is one of Europe’s most dedicated precious metals managers, and Silver Bullet is their flagship — a fund of 30–35 carefully selected silver mining companies. After delivering +163% in 2025 alone, their outlook deserves attention. Price Targets For 2026, AuAg expects silver to exceed $100 per ounce, with an explicit target of $133. Their long-term target is $300, anchored by a gold-to-silver ratio of 30:1 and a gold price target of $10,000. For context, J.P. Morgan sees silver averaging $81 in 2026, and Bank of America raised its target to $85.93 in Q2 2026. AuAg is clearly in the upper range of published forecasts. Why Mining Equities? The core argument: mining companies are lagging on valuation. Despite strong gains in 2025, silver mining equities are actually cheaper today — relative to current commodity prices — than before last year’s rally. Today’s silver price is not yet fully reflected in share valuations. The sector is small and under-invested, making it especially sensitive to institutional capital inflows. Structural Fundamentals The silver market has run a structural supply deficit for five consecutive years, with a cumulative shortfall of approximately 820 million ounces from 2021 to 2025. A sixth consecutive deficit is expected in 2026. Demand from AI data centers, EVs, and power infrastructure continues to support consumption. Silver is the best electrical conductor of all metals, and demand is largely price-inelastic. Key Risks After peaking at $121.88 in January 2026, silver suffered a brutal 35% single-session correction triggered by CME margin hikes and dollar strength. It currently trades around $75–77. AuAg themselves warn of swings of up to 30% along the way. The most important macro risk remains the real interest rate — if the Fed delays cuts or hikes, a stronger dollar and higher opportunity cost will weigh on the metal. Bottom Line AuAg Silver Bullet is a high-volatility, concentrated fund with a clear thesis: silver is structurally undervalued, miners are lagging the metal on valuation, and the coming years could deliver extraordinary returns for those who can tolerate the ride. Impressive track record — but not for the faint-hearted. Not investment advice. Do your own analysis. Sources: [1] AuAg Funds — Outlook 2026: https://www.auagfunds.com/research-centre/publications/silver-silver-miners-outlook-2026 [2] AuAg Funds — Monthly Letter Feb 2026: https://www.auagfunds.com/research-centre/monthly-letters/elements202602 [3] Silver Institute — Sixth Consecutive Deficit 2026: https://silverinstitute.org/global-silver-investment-to-remain-strong-in-2026-against-the-backdrop-of-a-sixth-consecutive-annual-market-deficit/ [4] Scottsdale Bullion & Coin — Silver Forecasts 2026: https://www.sbcgold.com/silver-price-forecasts/silver-price-forecast-2026/
·2 t sittenMy opinion, take it with a pinch of salt: Short-term <3 years: Production deficit of 80m ounces per year. No real industrial substitute. 4-5x paper market vs physical silver. Who controls the prices? CME… how do they secure their own balance sheet from going bankrupt? Increases margin requirements so it scares investors. Fed approx. quiet, EU interest rate up. Inflation up. Medium-term <5 years: Probably no real improvement in the production deficit. Real risk of new alternatives, but unlikely. European recession, USA divergence from AI vs rest in index gets worse. CME strict requirements again. Fed + EU interest rate down. Inflation peak. Long-term: Cyber risk with quantum = real need for gold and silver as money again. Industrial need decreases (surely a good alternative by then). Inflation normalization with AI finally? No Energy costs for computing will skyrocket. There are only 5 value-creating countries in the future - USA, China, and India, and to a certain extent Russia and Brazil due to natural resources.
14 t sitten14 t sittenNAV 2026-05-20 42.24 EUR +3.33%
·14 t sittenLoading up a bit more tomorrow or Monday. Hope the journey downhill continues until after that, at least. :-)
·16 t sittenCan someone give a brief summary on why both gold and silver are down so sharply?
·1 päivä sittenSo, it will be a small consolation tomorrow :)
Yllä olevat kommentit ovat peräisin Nordnetin sosiaalisen verkoston Nordnet Socialin käyttäjiltä, eikä niitä ole muokattu eikä Nordnet ole tarkastanut niitä etukäteen. Ne eivät tarkoita, että Nordnet tarjoaisi sijoitusneuvoja tai sijoitussuosituksia. Nordnet ei ota vastuuta kommenteista.
Uutiset
Tämän sivun uutiset ja/tai sijoitussuositukset tai otteet niistä sekä niihin liittyvät linkit ovat mainitun tahon tuottamia ja toimittamia. Nordnet ei ole osallistunut materiaalin laatimiseen, eikä ole tarkistanut sen sisältöä tai tehnyt sisältöön muutoksia. Lue lisää sijoitussuosituksista.
Tunnusluvut
Riskitaso
?
Korkea: 6 / 7
Huomioi, että vaikka osakerahastoihin säästäminen on pitkällä aikavälillä tuottanut hyvin, tulevasta tuotosta ei ole takeita. On olemassa riski, että et saa sijoittamiasi varoja takaisin.
Tunnusluvut
- Juoksevat kulut1,40%
- OmaisuusluokkaOsake
- KategoriaSektori arvometallit osakkeet
- PerusvaluuttaEUR
- Lainoitusaste70%
- Avaintietoasiakirja
Tietoa rahastosta
The focus is on Global Precious Metal Mining Company with a special focus on transferable securities whose value development is affected by the market development for Silver.
Vastaavan tyyppisiä rahastoja
Uutiset
Tämän sivun uutiset ja/tai sijoitussuositukset tai otteet niistä sekä niihin liittyvät linkit ovat mainitun tahon tuottamia ja toimittamia. Nordnet ei ole osallistunut materiaalin laatimiseen, eikä ole tarkistanut sen sisältöä tai tehnyt sisältöön muutoksia. Lue lisää sijoitussuosituksista.
Omistukset
Päivitetty 30.4.2026
Jakauma
- Osakkeet96,1%
- Muut3,5%
- Lyhyt korko0,4%
Asiakkaat katsoivat myös
Foorumi
Liity keskusteluun Nordnet Socialissa
Kirjaudu
- 10 t sitten10 t sittenAuAg Silver Bullet — What the Fund Believes About Silver Prices Going Forward AuAg Funds is one of Europe’s most dedicated precious metals managers, and Silver Bullet is their flagship — a fund of 30–35 carefully selected silver mining companies. After delivering +163% in 2025 alone, their outlook deserves attention. Price Targets For 2026, AuAg expects silver to exceed $100 per ounce, with an explicit target of $133. Their long-term target is $300, anchored by a gold-to-silver ratio of 30:1 and a gold price target of $10,000. For context, J.P. Morgan sees silver averaging $81 in 2026, and Bank of America raised its target to $85.93 in Q2 2026. AuAg is clearly in the upper range of published forecasts. Why Mining Equities? The core argument: mining companies are lagging on valuation. Despite strong gains in 2025, silver mining equities are actually cheaper today — relative to current commodity prices — than before last year’s rally. Today’s silver price is not yet fully reflected in share valuations. The sector is small and under-invested, making it especially sensitive to institutional capital inflows. Structural Fundamentals The silver market has run a structural supply deficit for five consecutive years, with a cumulative shortfall of approximately 820 million ounces from 2021 to 2025. A sixth consecutive deficit is expected in 2026. Demand from AI data centers, EVs, and power infrastructure continues to support consumption. Silver is the best electrical conductor of all metals, and demand is largely price-inelastic. Key Risks After peaking at $121.88 in January 2026, silver suffered a brutal 35% single-session correction triggered by CME margin hikes and dollar strength. It currently trades around $75–77. AuAg themselves warn of swings of up to 30% along the way. The most important macro risk remains the real interest rate — if the Fed delays cuts or hikes, a stronger dollar and higher opportunity cost will weigh on the metal. Bottom Line AuAg Silver Bullet is a high-volatility, concentrated fund with a clear thesis: silver is structurally undervalued, miners are lagging the metal on valuation, and the coming years could deliver extraordinary returns for those who can tolerate the ride. Impressive track record — but not for the faint-hearted. Not investment advice. Do your own analysis. Sources: [1] AuAg Funds — Outlook 2026: https://www.auagfunds.com/research-centre/publications/silver-silver-miners-outlook-2026 [2] AuAg Funds — Monthly Letter Feb 2026: https://www.auagfunds.com/research-centre/monthly-letters/elements202602 [3] Silver Institute — Sixth Consecutive Deficit 2026: https://silverinstitute.org/global-silver-investment-to-remain-strong-in-2026-against-the-backdrop-of-a-sixth-consecutive-annual-market-deficit/ [4] Scottsdale Bullion & Coin — Silver Forecasts 2026: https://www.sbcgold.com/silver-price-forecasts/silver-price-forecast-2026/·2 t sittenMy opinion, take it with a pinch of salt: Short-term <3 years: Production deficit of 80m ounces per year. No real industrial substitute. 4-5x paper market vs physical silver. Who controls the prices? CME… how do they secure their own balance sheet from going bankrupt? Increases margin requirements so it scares investors. Fed approx. quiet, EU interest rate up. Inflation up. Medium-term <5 years: Probably no real improvement in the production deficit. Real risk of new alternatives, but unlikely. European recession, USA divergence from AI vs rest in index gets worse. CME strict requirements again. Fed + EU interest rate down. Inflation peak. Long-term: Cyber risk with quantum = real need for gold and silver as money again. Industrial need decreases (surely a good alternative by then). Inflation normalization with AI finally? No Energy costs for computing will skyrocket. There are only 5 value-creating countries in the future - USA, China, and India, and to a certain extent Russia and Brazil due to natural resources.
- 14 t sitten14 t sittenNAV 2026-05-20 42.24 EUR +3.33%·14 t sittenLoading up a bit more tomorrow or Monday. Hope the journey downhill continues until after that, at least. :-)
- ·16 t sittenCan someone give a brief summary on why both gold and silver are down so sharply?
- ·1 päivä sittenSo, it will be a small consolation tomorrow :)
Yllä olevat kommentit ovat peräisin Nordnetin sosiaalisen verkoston Nordnet Socialin käyttäjiltä, eikä niitä ole muokattu eikä Nordnet ole tarkastanut niitä etukäteen. Ne eivät tarkoita, että Nordnet tarjoaisi sijoitusneuvoja tai sijoitussuosituksia. Nordnet ei ota vastuuta kommenteista.
Tunnusluvut
Riskitaso
?
Korkea: 6 / 7
Huomioi, että vaikka osakerahastoihin säästäminen on pitkällä aikavälillä tuottanut hyvin, tulevasta tuotosta ei ole takeita. On olemassa riski, että et saa sijoittamiasi varoja takaisin.
Tunnusluvut
- Juoksevat kulut1,40%
- OmaisuusluokkaOsake
- KategoriaSektori arvometallit osakkeet
- PerusvaluuttaEUR
- Lainoitusaste70%
- Avaintietoasiakirja
Tietoa rahastosta
The focus is on Global Precious Metal Mining Company with a special focus on transferable securities whose value development is affected by the market development for Silver.
Vastaavan tyyppisiä rahastoja
Uutiset
Tämän sivun uutiset ja/tai sijoitussuositukset tai otteet niistä sekä niihin liittyvät linkit ovat mainitun tahon tuottamia ja toimittamia. Nordnet ei ole osallistunut materiaalin laatimiseen, eikä ole tarkistanut sen sisältöä tai tehnyt sisältöön muutoksia. Lue lisää sijoitussuosituksista.
Foorumi
Liity keskusteluun Nordnet Socialissa
Kirjaudu
- 10 t sitten10 t sittenAuAg Silver Bullet — What the Fund Believes About Silver Prices Going Forward AuAg Funds is one of Europe’s most dedicated precious metals managers, and Silver Bullet is their flagship — a fund of 30–35 carefully selected silver mining companies. After delivering +163% in 2025 alone, their outlook deserves attention. Price Targets For 2026, AuAg expects silver to exceed $100 per ounce, with an explicit target of $133. Their long-term target is $300, anchored by a gold-to-silver ratio of 30:1 and a gold price target of $10,000. For context, J.P. Morgan sees silver averaging $81 in 2026, and Bank of America raised its target to $85.93 in Q2 2026. AuAg is clearly in the upper range of published forecasts. Why Mining Equities? The core argument: mining companies are lagging on valuation. Despite strong gains in 2025, silver mining equities are actually cheaper today — relative to current commodity prices — than before last year’s rally. Today’s silver price is not yet fully reflected in share valuations. The sector is small and under-invested, making it especially sensitive to institutional capital inflows. Structural Fundamentals The silver market has run a structural supply deficit for five consecutive years, with a cumulative shortfall of approximately 820 million ounces from 2021 to 2025. A sixth consecutive deficit is expected in 2026. Demand from AI data centers, EVs, and power infrastructure continues to support consumption. Silver is the best electrical conductor of all metals, and demand is largely price-inelastic. Key Risks After peaking at $121.88 in January 2026, silver suffered a brutal 35% single-session correction triggered by CME margin hikes and dollar strength. It currently trades around $75–77. AuAg themselves warn of swings of up to 30% along the way. The most important macro risk remains the real interest rate — if the Fed delays cuts or hikes, a stronger dollar and higher opportunity cost will weigh on the metal. Bottom Line AuAg Silver Bullet is a high-volatility, concentrated fund with a clear thesis: silver is structurally undervalued, miners are lagging the metal on valuation, and the coming years could deliver extraordinary returns for those who can tolerate the ride. Impressive track record — but not for the faint-hearted. Not investment advice. Do your own analysis. Sources: [1] AuAg Funds — Outlook 2026: https://www.auagfunds.com/research-centre/publications/silver-silver-miners-outlook-2026 [2] AuAg Funds — Monthly Letter Feb 2026: https://www.auagfunds.com/research-centre/monthly-letters/elements202602 [3] Silver Institute — Sixth Consecutive Deficit 2026: https://silverinstitute.org/global-silver-investment-to-remain-strong-in-2026-against-the-backdrop-of-a-sixth-consecutive-annual-market-deficit/ [4] Scottsdale Bullion & Coin — Silver Forecasts 2026: https://www.sbcgold.com/silver-price-forecasts/silver-price-forecast-2026/·2 t sittenMy opinion, take it with a pinch of salt: Short-term <3 years: Production deficit of 80m ounces per year. No real industrial substitute. 4-5x paper market vs physical silver. Who controls the prices? CME… how do they secure their own balance sheet from going bankrupt? Increases margin requirements so it scares investors. Fed approx. quiet, EU interest rate up. Inflation up. Medium-term <5 years: Probably no real improvement in the production deficit. Real risk of new alternatives, but unlikely. European recession, USA divergence from AI vs rest in index gets worse. CME strict requirements again. Fed + EU interest rate down. Inflation peak. Long-term: Cyber risk with quantum = real need for gold and silver as money again. Industrial need decreases (surely a good alternative by then). Inflation normalization with AI finally? No Energy costs for computing will skyrocket. There are only 5 value-creating countries in the future - USA, China, and India, and to a certain extent Russia and Brazil due to natural resources.
- 14 t sitten14 t sittenNAV 2026-05-20 42.24 EUR +3.33%·14 t sittenLoading up a bit more tomorrow or Monday. Hope the journey downhill continues until after that, at least. :-)
- ·16 t sittenCan someone give a brief summary on why both gold and silver are down so sharply?
- ·1 päivä sittenSo, it will be a small consolation tomorrow :)
Yllä olevat kommentit ovat peräisin Nordnetin sosiaalisen verkoston Nordnet Socialin käyttäjiltä, eikä niitä ole muokattu eikä Nordnet ole tarkastanut niitä etukäteen. Ne eivät tarkoita, että Nordnet tarjoaisi sijoitusneuvoja tai sijoitussuosituksia. Nordnet ei ota vastuuta kommenteista.
Omistukset
Päivitetty 30.4.2026
Jakauma
- Osakkeet96,1%
- Muut3,5%
- Lyhyt korko0,4%