With Silver Spot Price Up Over 3%, Silver Mining ETFs See Bounce - ETF Winners And Losers: Small-Cap Returns
Portfolio Pulse from Johnny Rice
Small-cap ETFs with AUM between $400 million and $2 billion were screened to determine the largest positive and negative returns of the week. Winners included Global X Silver Miners ETF (SIL) and ETFMG Prime Junior Silver Miners Fund (SILJ), both up over 5% for the week. Losers included United States Natural Gas Fund LP (UNG) and Sprott Uranium Miners ETF (URNM), down 9.11% and 4.47% respectively.
October 18, 2023 | 8:20 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Global X Silver Miners ETF (SIL) is up 5.69% over the trailing week. The fund's largest holdings are Wheaton Precious Metals Corp (WPM) and Pan American Silver Corp. (PAAS).
The increase in silver spot price has positively impacted the performance of SIL, which has a significant exposure to silver mining companies.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
ETFMG Prime Junior Silver Miners Fund (SILJ) is up 5.67% over the trailing week. The fund's largest holdings are Pan American Silver Corp. (PAAS) and First Majestic Silver Corp. (AG).
The increase in silver spot price has positively impacted the performance of SILJ, which has a significant exposure to silver mining companies.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
United States Natural Gas Fund LP (UNG) was down 9.11% on the week.
The performance of UNG, which tracks the movement of the price of natural gas, has been negatively impacted due to the decrease in natural gas prices.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
Sprott Uranium Miners ETF (URNM) is down 4.47% on the week. The fund's largest holdings are National Atomic Company Kazatomprom JSC Sponsored GDR RegS and Cameco Corporation (CCJ).
The performance of URNM, which offers exposure to the uranium mining industry, has been negatively impacted due to the decrease in uranium prices.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100