Sprott Silver ETF Underperforms with Notable Declines
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Mar 20 2026
0mins
Source: NASDAQ.COM
- ETF Performance: The Sprott Silver Miners & Physical Silver ETF fell approximately 3.8% in Friday afternoon trading, indicating a weak performance that could undermine investor confidence in silver investments.
- Component Declines: Among the ETF's weakest components, Gold Resource shares dropped about 6.5%, while Americas Gold and Silver shares fell approximately 6.2%, reflecting negative sentiment towards these companies in the market.
- Market Impact: The poor performance of the silver miners ETF may lead investors to reassess their allocations in precious metals, potentially affecting future inflows into the sector.
- Industry Trends: The weakness in silver mining stocks could signal broader challenges in the precious metals market, prompting investors to monitor industry developments closely for more informed investment decisions.
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Analyst Views on VG
Wall Street analysts forecast VG stock price to fall
9 Analyst Rating
5 Buy
4 Hold
0 Sell
Moderate Buy
Current: 12.680
Low
8.00
Averages
11.13
High
16.00
Current: 12.680
Low
8.00
Averages
11.13
High
16.00
About VG
Venture Global, Inc. is a provider of the United States liquefied natural gas (LNG) sourced from North American natural gas basins. The Company's business includes assets across the LNG supply chain, including LNG production, natural gas transport, shipping and regasification. The Company sells LNG and is engaged in the operation, construction, and development of natural gas liquefaction and export facilities in North America (LNG projects). Each LNG project includes a liquefaction facility and export terminal and one or more associated pipelines that interconnect with several interstate and intrastate pipelines for delivery of natural gas into the associated liquefaction facility and export terminal. The Company has multiple segments, including the Company's five LNG projects: the Calcasieu Project, the Plaquemines Project, the CP2 Project, the CP3 Project and the Delta Project, and its direct sales and shipping (DS&S) business and pipeline activities.
About the author

Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
- Dividend Declaration: Venture Global's board has declared a cash dividend of $0.018 per share on both Class A and Class B common stock, payable on June 30, 2026, reflecting the company's commitment to shareholder returns.
- Record Date for Shareholders: The record date for shareholders to qualify for the dividend is June 15, 2026, ensuring that investors holding shares before this date will receive the payout, thereby enhancing investor confidence in the company.
- LNG Production Capacity: Venture Global boasts over 100 MTPA of low-cost liquefied natural gas (LNG) capacity in production, construction, or development, solidifying its position as a leading LNG exporter in the U.S. and driving future growth potential.
- Project Development Progress: The company is making significant progress on its projects in Louisiana, including Calcasieu Pass, Plaquemines LNG, and CP2 LNG, while also advancing carbon capture and sequestration initiatives at each LNG facility, demonstrating its strategic focus on sustainability.
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- Debt Restructuring Plan: Venture Global LNG successfully priced $1.125B of 6.375% and $1.125B of 6.625% senior secured notes, with the transaction expected to close on June 11, 2026, significantly improving the company's capital structure with a total offering of $2.25B.
- Cost Reduction: The proceeds will primarily be used to redeem all outstanding 8.125% senior secured notes due 2028, which is expected to significantly lower the company's borrowing costs by reducing interest rates, thereby enhancing financial flexibility.
- Extended Debt Maturity: By extending the maturity of its debt from 2028 to 2034 and 2036, Venture Global not only optimizes its long-term debt profile but also provides greater time for future capital operations, improving overall financial stability.
- Cash Flow Management: The company plans to use cash on hand to fund the redemption premium and related transaction expenses, ensuring liquidity during the debt restructuring process and further solidifying its competitive position in the LNG market.
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- Financing Size: Venture Global successfully priced $2.25 billion in senior secured notes through its subsidiary VenturePREMIUM, demonstrating strong capital market capabilities aimed at supporting future expansion plans.
- Market Reaction: The successful pricing of these notes reflects investor confidence in Venture Global's business outlook, potentially enhancing the company's market position in the energy sector.
- Use of Proceeds: The raised funds will be utilized to support the company's operations and development projects, further strengthening its competitiveness in the liquefied natural gas market and driving long-term growth.
- Strategic Significance: This financing allows Venture Global to optimize its capital structure while providing funding security for future investment opportunities, enhancing its flexibility in a rapidly changing energy market.
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- Financing Size: Venture Global successfully priced $2.25 billion in senior secured notes through its wholly-owned subsidiary, Venture Global LNG, which includes 6.375% notes due 2034 and 6.625% notes due 2036, reflecting strong market confidence in its financing needs.
- Use of Proceeds: The proceeds from this offering will be used to redeem the existing 8.125% senior secured notes due 2028, optimizing the capital structure by paying for the redemption premium and related fees in cash, thereby reducing future interest burdens.
- Guarantee Arrangement: While the notes are initially not guaranteed by subsidiaries, certain subsidiaries will provide guarantees when incurring or guaranteeing specific debt amounts in the future, enhancing investor confidence and potentially improving the notes' credit ratings.
- Market Outlook: The offering is expected to close on June 11, 2026, and despite uncertainties related to market and other conditions, successful completion will provide necessary funding support for Venture Global's expansion and operations, further solidifying its leadership position in the LNG market.
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- Bond Offering Plan: Venture Global LNG intends to offer $2.25 billion in senior secured notes due in 2034 and 2036 in a private placement, aiming to optimize its capital structure and reduce financing costs.
- Debt Redemption: The proceeds from this offering will be used to redeem the existing 8.125% senior secured notes due in 2028, which is expected to improve the company's financial condition and lower interest expenses, thereby enhancing future profitability.
- Positive Market Reaction: Following this announcement, Venture Global's stock rose 1.4% in premarket trading to $12.21, indicating market recognition and confidence in the company's financial strategy.
- Future Growth Potential: Venture Global targets an EBITDA of $8.2 billion to $8.5 billion by 2026 while expanding its CP2 bolt-on plan to 10 million tons per annum, demonstrating strong growth potential in the liquefied natural gas market.
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- Oil Price Surge: Brent crude futures rose about 1.81% and WTI crude futures increased by 2.18%, reflecting heightened market concern over Middle Eastern tensions, particularly following President Trump's strong remarks on Iran, which could influence global oil price trends.
- U.S. Oil Companies Benefit: Following Trump's announcement that China agreed to purchase U.S. crude oil, the United States Oil Fund (USO) rose by 2% and Exxon Mobil (XOM) climbed 0.7%, indicating increased investor confidence in the U.S. oil sector, potentially driving future investments and production.
- Market Sentiment Shift: While retail sentiment on USO remained neutral, sentiment for Exxon Mobil and Chevron leaned bearish, contrasting with the optimistic outlook for Conoco Phillips and Venture Global, highlighting differing market perceptions of various companies.
- U.S.-China Energy Cooperation Outlook: Trump's assertion that U.S. energy production surpasses that of Saudi Arabia and Russia combined underscores America's growing competitiveness in the global energy market, which may also lay the groundwork for future U.S.-China energy collaborations.
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