에 대한 최신 뉴스 ProShares Ultra Silver (ARCA:AGQ)

The fund seeks to meet its investment objective by investing, under normal market conditions, in any one of, or combinations of, Financial Instruments (including swap agreements, futures contracts and forward contracts) based on the benchmark. The types and mix of Financial Instruments in which the fund invest may vary daily at the discretion of the Sponsor. It will not invest directly in any commodity.

ProShares Ultra Silver

Silver Bars

Specialty ETFs

Technicals

Commodities

Markets

Trading Ideas

ETFs

은 가격이 2011년에 마지막으로 돌파한 온스당 35달러를 넘어서며 공식적으로 14년 만에 고점을 돌파했다. 카투사 리서치(Katusa Research)는 이전에도 35달러를 돌파했을 때 7주 동안 은 가격이 49달러까지 36% 급등했었다거 지적했으며, 이번에도 역사가 반복될 가능성이 높다.

은 가격, 14년 만에 35달러 돌파···50달러 향할까?

First Trust Exchange-Traded Fund VIII First Trust Active Global Quality Income ETF

ALGONQUIN PWR&UTY PFD D by Algonquin Power & Utilities Corp

Algonquin Power & Utilities Corp

On Monday, silver just did something it hasn&#8217;t managed to do in 14 years: <a href="https://www.benzinga.com/markets/commodities/25/06/45842761/silver-just-shattered-a-14-year-ceiling-could-50-be-next">break above the formidable $35 an ounce mark</a>. It&#8217;s now flirting with $36 and counting, after a powerful breakout from an eight-month base. For investors with a nose for historical déjà vu, this could echo the 2011 silver run that vaulted the metal to nearly $50 in just seven weeks. According to Katusa Research, this level was the springboard for a 36% moonshot in 2011. No two rallies are ever exactly alike, but the re-emergence of bullish sentiment, industrial demand and a structurally tight supply picture makes this breakout anything but noise.
This present rally is a structural, foundational and technical convergence. And for <a href="https://www.benzinga.com/etfs">ETF investors</a>, it could be the portfolio surprise that they did not anticipate.
So far in 2025, silver has clocked a +24% gain — and it&#8217;s only June.
<h1 class="wp-block-heading">ETF Ladder: Who&#8217;s Climbing Fastest?</h1>
Whether you're a cautious long-haul investor or a high-octane speculator, <a href="https://www.benzinga.com/topic/silver">silver-focused ETFs</a> are laying out a buffet of options. Here's a look at the key players on the ETF field: iShares Silver Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SLV#NYSE">SLV</a>)
Type: Physically-backed silver ETF YTD Return: +23%
Expense Ratio: 0.50% Use Case: Ideal for traditional investors who want direct exposure to silver prices without the complexities of futures or miners. ProShares Ultra Silver (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AGQ#NYSE">AGQ</a>)
Type: 2x leveraged silver futures exposure YTD Return: +39.5% (magnified gains… and potential losses)
Expense Ratio: 0.95% Use Case: Designed for traders looking to capitalize on short-term momentum. Volatile, fast-moving, and not for the faint-hearted. abrdn Physical Silver Shares ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SIVR#NYSE">SIVR</a>)
Type: Physically backed, low-cost silver ETF
YTD Return: +23% Expense Ratio: 0.30% Use Case: A more cost-efficient alternative to SLV for buy-and-hold investors. Amplify Junior Silver Miners ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SILJ#NYSE">SILJ</a>)
Type: Small-cap silver mining stocks
YTD Return: +41%
Expense Ratio: 0.69%
Use Case: High-risk, high-reward play for those betting big on rising silver prices boosting junior miners' margins. 
<h1 class="wp-block-heading">The Solar &amp; EV Story Behind The Sparkle</h1>
While gold often grabs the safe-haven spotlight, silver is increasingly a workhorse in the clean tech revolution. A large part of global silver demand comes from industrial use, particularly in solar panels, electric vehicles and next-gen electronics. Silver is unmatched in conductivity, making it indispensable in photovoltaic cells. And as the world speeds toward net-zero goals, solar installations are expected to surge, further tightening the silver supply/demand equation. Add to that five straight years of supply deficits, and you&#8217;ve got the recipe for a sustained rally. And here's the kicker — most silver isn't mined directly. It's a byproduct of other mining processes, meaning higher prices don't necessarily trigger a rush of new supply. Further weakness in the U.S. dollar, sticky inflation or dovish Fed chatter, accelerating solar and EV adoption, continued supply tightness and low mine production are factors that can further push silver prices up, and provide an impetus to the ETFs.
<h1 class="wp-block-heading">The Takeaway</h1>
For conservative exposure, SLV or SIVR do the trick. Feeling gutsy? AGQ might be your turbocharged ticket. Want to add some equity beta? Miners like SIL or SILJ bring company fundamentals into the mix. With silver making new headlines and ETFs lining up like rocket boosters, $50 might just be the next stop. Just remember, this is silver, not a sleepy savings bond. Buckle up.
Read Next: 
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/etfs/specialty-etfs/25/06/45865293/microsoft-overtakes-nvidia-to-top-3-5-trillion-taking-these-3-etfs-with-it">Microsoft Overtakes Nvidia To Top $3.5 Trillion, Taking These 3 ETFs With It</a></li>
</ul>
Photo: MIKE MANIATIS via Shutterstock

SILJ

SIVR

Silver's $35 Breakout: The Best ETFs For The Bullish Ride

<a href="https://www.benzinga.com/topic/silver">Silver has officially broken</a> through a 14-year ceiling by vaulting past $35 per ounce, a milestone it last cleared in 2011. That same breakout ignited a 36% surge to $49 over seven weeks, <a href="https://x.com/KatusaResearch/status/1931766766147149841">notes</a> Katusa Research. This time, history could very well repeat itself.
Today, spot silver is trading around $36/oz, marking an impressive +24% gain for 2025. The precious metal recently broke out of an eight-month base, touching $32.78/oz, and has been climbing steadily.
Supportive winds, such as a weakening U.S. dollar, robust industrial demand tied to solar tech, and five consecutive years of structural supply deficits, are fueling the rally.
Read Also: <a href="https://www.benzinga.com/markets/commodities/25/06/45792880/silver-hits-12-year-high-peter-schiff-says-rallys-just-starting">Silver Hits 12-Year High: Peter Schiff Says Rally&#8217;s Just Starting</a>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="558" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/09122752/Screenshot-2025-06-09-at-7.43.54-PM-1024x558.png" alt="" class="wp-image-943530" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/09122752/Screenshot-2025-06-09-at-7.43.54-PM-1024x558.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/09122752/Screenshot-2025-06-09-at-7.43.54-PM-300x163.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/09122752/Screenshot-2025-06-09-at-7.43.54-PM-768x419.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/09122752/Screenshot-2025-06-09-at-7.43.54-PM.png 1134w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
Chart created using TradingView
Even <a href="https://in.tradingview.com/symbols/SILVER/technicals/">technicals</a> are giving a green light without getting too geeky. Almost every moving average &#8211; from the 10-day to the 200-day &#8211; is flashing bullish. Tools like the MACD (moving average convergence/divergence) and the Ultimate Oscillator are also nodding higher, hinting at stronger momentum ahead. 
The only caution sign is that the 20-day Commodity Channel Index is overbought, suggesting a brief pause might be in the cards—but nothing that changes the bullish story.
<h2 class="wp-block-heading">What's This Mean For Silver Investors?</h2>
Simple: silver isn't just a metal; it&#8217;s a portfolio play. 
If you're looking to ride the momentum, consider physical-metal funds like the iShares Silver Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SLV#NYSE">SLV</a>) or the ProShares Ultra Silver (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AGQ#NYSE">AGQ</a>) if you&#8217;re feeling bold.
<h2 class="wp-block-heading">Eyes On $50?</h2>
Analysts see technical and fundamental runway up ahead. StoneX and WisdomTree strategists highlight silver's undervaluation relative to gold &#8211; the <a href="https://in.benzinga.com/economics/macro-economic-events/25/04/44994275/gold-now-worth-100x-more-than-silver-analysts-say-its-time-to-buy-the-underdog">gold/silver ratio</a> recently fell to 90, down from 105 in April.
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="558" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/09123644/Screenshot-2025-06-09-at-10.06.29-PM-1024x558.png" alt="" class="wp-image-943547" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/09123644/Screenshot-2025-06-09-at-10.06.29-PM-1024x558.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/09123644/Screenshot-2025-06-09-at-10.06.29-PM-300x163.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/09123644/Screenshot-2025-06-09-at-10.06.29-PM-768x419.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/09123644/Screenshot-2025-06-09-at-10.06.29-PM.png 1134w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
Chart created using TradingView
With this gap closing, many <a href="https://www.reuters.com/business/silver-surges-past-35oz-level-hit-more-than-13-year-high-2025-06-05/" target="_blank" rel="noopener">view</a> $36 as a checkpoint, which, once cleared (as it has been), could lead to a sprint toward $40 or even $50, particularly if solar and electric vehicle demand keeps scaling.
<h2 class="wp-block-heading">Why Now?</h2>
Unlike gold, most silver is mined as a byproduct, limiting production speed. That means even rising prices won&#8217;t instantly flood the market with new supply &#8211; sustaining the rally.
Add renewed industrial appetite and central bank buying; the package makes sense.
Silver has officially changed gears. The $35 breakout marks a fresh chapter &#8211; with bullish fundamentals, technical momentum, and ETF vehicles catering to every risk appetite. If silver repeats history, traders could see $50 in sight. But remember: quick surges can get bumpy. 
For those looking to play smart, SLV offers a smoother ride; aggressive players might edge into AGQ. Keep an eye on that $50 level—you never know when it will be in plain sight.
Read Next: 
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/25/05/45585695/the-golden-ratios-silver-surprise-this-metals-price-could-double">The Golden Ratio&#8217;s Silver Surprise: This Metal&#8217;s Price Could Double</a></li>
</ul>
Photo: Shutterstock

Silver Just Shattered A 14-Year Ceiling - Could $50 Be Next?

Gold surged past $3,100, setting a new intra-day high on Monday morning at $3,128 per ounce. Investors rush to safe-haven assets amid escalating trade tensions and uncertainty surrounding U.S. tariff policies, including President Donald Trump's proposed 25% tariffs on imported cars and auto parts and a new round of reciprocal tariffs set to<a target="_blank" href="https://www.benzinga.com/25/03/44502030/trump-may-slap-a-20-tariff-on-europe-yet-april-still-offers-rally-hopes-for-european-stocks" rel="noreferrer noopener"> take effect on April 2</a>.
"Tariff issues will continue driving (gold) prices higher until there is some finality to the tit-for-tat campaign," Edward Meier said per Reuters.
The yellow metal gained nearly 19% in 2025, propped by geopolitical concerns and central bank demand. Over the last 15 years, foreign ownership of US treasuries has converged with gold as a percent of central bank reserves. Treasury ownership sank from 25%, while gold reserves rose from 7% to reach the 15% mark.
As gold continues to break records, major financial institutions have revised their price forecasts upward. Goldman Sachs expects it to reach $3,300 per ounce by the end of the year, up from its previous target of $3,100.
Bank of America sees the yellow metal at <a target="_blank" href="https://www.benzinga.com/25/03/44499732/bank-of-america-sees-new-gold-as-a-buy-lifts-price-target-by-50" rel="noreferrer noopener">$3,063 per ounce in 2025 </a>and $3,350 per ounce in 2026, a significant increase from earlier projections of $2,750 and $2,625, respectively. Macquarie has similarly pointed to strong central bank demand and investor inflows as key drivers behind gold's bullish trend.
Despite silver's solid performance, it has not yet exceeded the high from last October, when it traded at $34.78 per ounce. The gold-to-silver ratio, a popular measure of metal's relative performance, has widened, reflecting gold's stronger momentum.
It now takes 91 ounces of silver to purchase one ounce of gold, suggesting <a target="_blank" href="https://www.benzinga.com/25/02/43615367/peter-schiff-predicts-silvers-explosive-catch-up-move-as-the-gold-to-silver-ratio-crosses-901-analysts-foresee-silver-prices-to-touch-38-in-2025" rel="noreferrer noopener">silver may be undervalued</a>. Historically, traders use this ratio to determine whether to favor gold or silver in their portfolios. When the ratio is high, some investors buy silver, expecting it to outperform gold in the future. Conversely, when the ratio is low, they may shift holdings into gold.
Still, pursuing this strategy doesn't require physical exchange and storage of metal. Trading the ratio is convenient through specialized ETFs that offer exposure to metals. SPDR Gold Shares (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GLD#NYSE">GLD</a>) and iShares Gold Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IAU#NYSE">IAU</a>) provide direct exposure to gold, while iShares Silver Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SLV#NYSE">SLV</a>) is a popular option for silver investors. A trader would buy the gold ETF when the ratio is at the lower historical levels and eventually swap for a stake in silver when it gets high.
More aggressive strategies might employ leveraged ETFs like ProShares Ultra Gold (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UGL#NYSE">UGL</a>) and ProShares Ultra Silver (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AGQ#NYSE">AGQ</a>), which correspond to double the daily performance of the underlying benchmark.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/25/03/44544885/record-high-gold-prices-start-to-scare-some-investors-as-inflation-anchor-crumbles" target="_blank" rel="noreferrer noopener">‘My Spidey Tingles' — Gold's Surge Has Some Investors On Edge</a></li>
</ul>
Photo via Shutterstock

Government

News

Politics

Media

Gold Surges Past $3,100 As Tariff Uncertainty Sets Silver Ratio Trade

<ul>
<li>Gold rose 0.16% to $1,940.15 at 04.30 AM ET</li>
<li>Silver rose 0.21% to $23.328 at 04.30 AM ET</li>
</ul>

Global

Econ #s

SGOL

Gold And Silver Prices Edge Higher Today, Ahead Of US Inflation Data

Robert Kiyosaki, the author of &ldquo;Rich Dad, Poor Dad&rdquo;, was bullish on silver and has advised accumulating the commodity at a time when all other assets including bonds, stocks and real estate are crashing in September 2022.
The View: Kiyosaki stated in his tweet silver was moving sideways and may remain at $20 levels in the times to come. He believed the commodity was set for a huge upward movement in the long term.
&ldquo;TIME FOR POOR TO GET RICH. Stocks, bonds, <a href="https://www.benzinga.com/money/best-mutual-funds/">mutual funds</a>, ETF &amp; Real Estate crashing. As PREDICTED Middle class being wiped out. Silver moving sidewards. Silver to stay at $20 for 3-5 years, then climb to $100 to $500. Everyone can afford silver even poor. Accumulate silver now,&rdquo; the author said in his tweet.
<blockquote class="twitter-tweet">&nbsp;
TIME FOR POOR TO GET RICH. Stocks, bonds, mutual funds, ETF &amp; Real Estate crashing. As PREDICTED Middle class being wiped out. Silver moving sidewards. Silver to stay at $20 for 3-5 years, then climb to $100 to $500. Everyone can afford silver even poor. Accumulate silver now. &mdash; therealkiyosaki (@theRealKiyosaki) <a href="https://twitter.com/theRealKiyosaki/status/1569719927602573312?ref_src=twsrc%5Etfw">September 13, 2022</a>
</blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>Also Read: <a href="https://www.benzinga.com/markets/asia/22/09/28859116/alibaba-baidu-fall-over-3-hang-seng-mirrors-wall-street-nightmare-sheds-over-2">Alibaba, Baidu Slide Over 3% As Wall Street Horror Spreads To Hong Kong Stocks: Report Sparks Fears Of US-China Tensions Over Taiwan</a>
What Happened: Recession fears led by aggressive rate hikes by central banks had been pushing commodity prices down over the last few months. After falling to over two-year lows in early September, silver prices were trading above the $19/Oz level.
Historical High: According to the Silver Institute, prices of silver bullion rose from $11 an ounce in September 1979 to $49.45 an ounce in January 1980 based on London PM Fix during the Hunt brothers&rsquo; accumulation of the commodity. Prices ultimately fell to below $11 an ounce two months later, it said.
This story was originally published on Sept. 13, 2022.
Photo courtesy:&nbsp;<a href="https://www.flickr.com/photos/gageskidmore/" id="yui_3_16_0_1_1663127287964_1961" title="Go to Gage Skidmore's photostream">Gage Skidmore</a>&nbsp;on Flickr

Sector ETFs

'Rich Dad, Poor Dad' Author Says, Amid Wide Market Crashes, 'Accumulate' This Commodity To Get 400% Return In Long-Run

Silver prices have hit a two-year low as industrial demand from top consumer China remain low following strict COVID-19 restrictions in the country.
Price Movement: Silver futures were trading at $18.51 per troy ounce on Monday.&nbsp;This is 32% lower than the highs seen in March this year and&nbsp;quite near the lowest level&nbsp;since July 2020&nbsp;hit earlier this month.
Market Dynamics: Close to half the global silver supply is consumed for industrial uses by sectors involved in automotive components and electronics, among others. Experts have indicated demand from these sectors is set to dampen further. Fears of a recession following aggressive rate hikes by the&nbsp;U.S. Federal Reserve&nbsp;have also weakened sentiment.
Also Read:&nbsp;<a href="https://www.benzinga.com/markets/asia/22/07/28181408/oil-falls-to-one-week-low-on-eu-easing-russia-sanctions-demand-concerns-over-potential-us-fed-rate-h" target="_blank">Oil Hits 1-Week Low As EU Eases Russian Sanctions, US Demand Concerns Grow</a>
Long and Short Positions:&nbsp;Short positions by large traders totaled about 50,000 contracts as of July 12, marking a 32-month high post rising for three consecutive weeks, reported&nbsp;<a href="https://asia.nikkei.com/Business/Markets/Commodities/Silver-prices-soften-on-tumbling-demand-in-COVID-hit-China" target="_blank">Nikkei Asia</a>. Buy positions slumped to three-year lows, at just above 3,000 contracts on a net basis.
Demand Dynamics: Industrial demand for silver is set to grow 6% to 16,783 tons this year, according to the international research organization&nbsp;Silver Institute. The group forecasts a supply shortage of 2,224 tons.
Asset Prices:&nbsp;The&nbsp;iShares Silver Trust&nbsp;(NYSEARCA: SLV) has lost more than 19% since the beginning of the year. The&nbsp;ProShares Ultra Silver&nbsp;(NYSEARCA: AGQ) has lost more than 39% since January 2022 while the&nbsp;abrdn Physical Silver Shares ETF&nbsp;(NYSEARCA: SIVR) too has shed over 18%.

PAAS

Silver Prices Fall To 2-Year Low As Demand From Top Consumer China Falls — US Recession Fears Add To Woes

Silver Skull (Matthis Volquardsen/Pexels).&nbsp;
The Cross of Silver
One hundred twenty five years ago, William Jennings Bryan gave his famous &quot;Cross of Gold&quot; speech, arguing that the gold standard was metaphorically crucifying farmers and workers, who would benefit from a less deflationary silver standard. Looking at silver returns this year, one might say precious metals investors are being metaphorically crucified on a cross of silver.&nbsp;
Unfortunate First Half Silver Picks
Our system hasn&#39;t been unscathed by silver this year either. Each day the market is open, it gauges stock and options market sentiment to rank thousands of securities by its estimates of their potential returns over the next six months. On May 27th, three silver names made our system&#39;s top ten: First Majestic Silver Corp. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ag#NYSE">AG</a>), the iShares Silver Trust (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/slv#NYSE">SLV</a>), and ProShares Ultra Silver (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/agq#NYSE">AGQ</a>) (Silvergate Capital Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/si#NYSE">SI</a>), despite its name, isn&#39;t in the silver business; it&#39;s a crypto bank).&nbsp;
<img alt="" src="https://static.seekingalpha.com/uploads/2021/11/23/131469-16376531063493586.png" />
Screen capture via&nbsp;<a href="https://portfolioarmor.com/" rel="nofollow">Portfolio Armor</a>&nbsp;on 5/27/2021.&nbsp;
Silver Sinks
As you can see below, all three silver names have sunk since.&nbsp;
<a href="https://static.seekingalpha.com/uploads/2021/11/23/131469-1637653360611826_origin.png" rel="lightbox"><img alt="" src="https://static.seekingalpha.com/uploads/2021/11/23/131469-1637653360611826.png" /></a>
SLV was down 13.58% as of Monday, AG was down 28.47%, and AGQ was down 28.62%.&nbsp;
Succeeding Despite Silver
Despite those three silver names sinking double digits since May 27th, our top ten names from then were up 28.28% as of Monday&#39;s close, more than double SPY&#39;s return of 12.25% over the same time frame, led by performance from names like Silvergate, Tesla, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/tsla#NASDAQ">TSLA</a>), and Enphase Energy, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/enph#NASDAQ">ENPH</a>). Still, having three silver names out of ten has been a big headwind for us.&nbsp;
How has holding silver hindered your performance this year?&nbsp;

ENPH

TSLA

The Cross Of Silver: Silver Picks In The First Half Of 2021 Have Been A Drag On Returns Since

Coffee more expensive? As Jeremy Irons&#39; character in &quot;Margin Call&quot; says, &quot;I&#39;ll have to pay&quot;.
Our Top Name From Two Months Ago
Six months ago (Too Much Crypto, Not Enough Stuff), we wrote about coffee shortages and noted that the leading coffee exchange traded note was one of our top names:
<blockquote>In a nice bit of synergy, Bloomberg licenses its commodity indexes to the sponsors of exchange traded products. So not only does it report on rising commodity prices, but it also profits from them. Coincidentally, one of those exchange traded products, the iPath Series B Bloomberg Coffee Subindex Total Return ETN (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/jo#NYSE">JO</a>) was one of our system&#39;s top ten names on Monday.
</blockquote>
<img alt="" src="https://static.seekingalpha.com/uploads/2021/5/17/131469-1621310305181527.png" />
Screen capture via&nbsp;<a href="https://portfolioarmor.com/" rel="nofollow">Portfolio Armor</a>&nbsp;on May 17th, 2021.
Since then, JO has been on a tear. Illustrating the theme of consumable commodities outpacing precious metals during the reflation trade, the two silver names in our top ten from May 17th, the iShares Silver Trust (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/slv#NYSE">SLV</a>), and ProShares Ultra Silver (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/agq#NYSE">AGQ</a>), were the worst performers over the next sis months.&nbsp;
<a href="https://static.seekingalpha.com/uploads/2021/11/18/131469-16372233454771507_origin.png" rel="lightbox"><img alt="" src="https://static.seekingalpha.com/uploads/2021/11/18/131469-16372233454771507.png" /></a>
Nevertheless, those top ten names, on average, were up 22.1%, versus 13.4% for SPY over the next six months.&nbsp;
A Top Name Now
JO was our #1 name on Wednesday.&nbsp;
<img alt="" src="https://static.seekingalpha.com/uploads/2021/11/18/131469-1637225896611974.png" />
&nbsp;Screen capture via Portfolio Armor on 11/17/2021
In Case Coffee Gets Cold
In case coffee gets cold over the next several months, here&#39;s a way to limit your downside risk. As of Wednesday&#39;s close, this was the optimal put option to protect against a greater-than-25% drop in JO by mid-June.&nbsp;
<img alt="" src="https://static.seekingalpha.com/uploads/2021/11/18/131469-1637226162687196.jpg" style="height:592px; width:340px" />
Screen capture via the Portfolio Armor&nbsp;iPhone app.&nbsp;
If you have a lower risk tolerance, you can use our app to scan for an optimal hedge against a smaller decline; if you don&#39;t like paying to hedge, you can scan for an optimal collar with negative cost, or a net credit.&nbsp;

iPath DJ-UBSffee Subindex Total Return ETN

Coffee Heats Up Again: Six Months Ago, We Told You A Coffee Fund Was One Of Our Top ten Names. It's Up 54% Since, And Now It's One Of Our Top Names Again.

Coffee is one of the commodities the world economy is running low on, per Bloomberg.&nbsp;
Too Much Crypto, Not Enough Stuff
According to <a href="https://coinmarketcap.com/">CoinMarketCap.com</a>, there are currently 9,888 different cryptocurrencies. While so much money and brainpower has poured into this new class of intangibles, the world economy is apparently running low on all sorts of tangibles. Bloomberg&#39;s <a href="https://www.bloomberg.com/news/articles/2021-05-17/inflation-rate-2021-and-shortages-companies-panic-buying-as-supplies-run-short?srnd=premium&amp;sref=vuYGislZ">Big Take</a> on Monday was that &quot;the world is suddenly running low on everything&quot;:&nbsp;
<blockquote>Mattress producers to car manufacturers to aluminum foil makers are buying more material than they need to survive the breakneck speed at which demand for goods is recovering and assuage that primal fear of running out. The frenzy is pushing supply chains to the brink of seizing up. Shortages, transportation bottlenecks and price spikes are nearing the highest levels in recent memory, raising concern that a supercharged global economy will stoke inflation.
Copper, iron ore and steel. Corn, coffee, wheat and soybeans. Lumber, semiconductors, plastic and cardboard for packaging. The world is seemingly low on all of it. &ldquo;You name it, and we have a shortage on it,&rdquo; Tom Linebarger, chairman and chief executive of engine and generator manufacturer Cummins Inc., said on a call this month. Clients are &ldquo;trying to get everything they can because they see high demand,&rdquo; Jennifer Rumsey, the Columbus, Indiana-based company&rsquo;s president, said. &ldquo;They think it&rsquo;s going to extend into next year.&rdquo;
</blockquote>
Bloomberg goes on to note that there&#39;s &quot;no end in sight&quot; to the shortages, as far as anyone can tell.&nbsp;
A Nice Bit Of Synergy&nbsp;
In a nice bit of synergy, Bloomberg licenses its commodity indexes to the sponsors of exchange-traded products. So not only does it report on rising commodity prices, but it also profits from them. Coincidentally, one of those exchange-traded products, the&nbsp;iPath Series B Bloomberg Coffee Subindex Total Return ETN&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/jo#NYSE">JO</a>) was one of our system&#39;s top ten names on Monday.&nbsp;
<img src="https://static.seekingalpha.com/uploads/2021/5/17/131469-1621310305181527.png" />
Screen capture via <a href="https://portfolioarmor.com/">Portfolio Armor</a>.&nbsp;
We went into more detail on how our system selects those top names in the second part of our <a href="https://www.zerohedge.com/news/2021-05-17/elon-musk-causes-another-crypto-correction">previous post</a>, but, in a nutshell, it analyzes total returns and options market sentiment to estimate potential returns over the next six months. As you can see, our top ten on Monday included a few other names consistent with a continued commodities rally: the iShares Silver Trust (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/slv#NYSE">SLV</a>), the ProShares Ultra Silver ETF (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/agq#NYSE">AGQ</a>), and the&nbsp;Direxion Daily S&amp;P Oil &amp; Gas Exp. &amp; Prod. Bull 2X Shares&nbsp;ETF (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/gush#NYSE">GUSH</a>). Here, we&#39;ll focus on the coffee ETN JO.&nbsp;&nbsp;
A Hedged Bet On Coffee
In the video below, we show a couple of ways you can use JO to bet on coffee continuing to go up, while hedging in case it drops.&nbsp;
<iframe frameborder="0" height="360" src="https://seekingalpha.com/embed/14903" width="640"></iframe>

Coverage of Bitcoin, Etherum, Ripple and all the latest digital currencies.

Cryptocurrency

GUSH

Too Much Crypto, Not Enough Stuff: We Have 9,888 Different Cryptocurrencies, But The World Economy Is Running Low On Everything From Coffee To Steel

Inflation decreases purchasing power. It also increases the expenses of most companies. In general, it&rsquo;s a bad thing.
But some companies will benefit from rising prices. This is the case for ones in the precious metals industry.
Some investors hedge against inflation by purchasing gold. Other investors buy silver or ETFs that invest in silver and silver-related companies. These ETFs include the iShares Silver Trust ETF (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/slv#NYSE">SLV</a>), the ProShares Ultra Silver ETF (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/agq#NYSE">AGQ</a>), and the Global X Silver Miners ETF (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/sil#NYSE">SIL</a>).
See Also: <a href="https://www.benzinga.com/trading-ideas/long-ideas/21/05/21086422/3-etfs-to-play-a-potential-energy-crisis">3 ETFs To Play A Potential Energy Crisis</a>
SLV is designed to follow the price of silver. If silver moves 10% higher, SLV will be up by about 10% as well.
<img alt="slv.png" src="https://www.benzinga.com/files/u344550/slv.png" style="height:400px; width:640px" /> 
AGQ invests in silver, but it uses leverage. It&rsquo;s designed to move twice the price of silver. If silver is up by 5%, AGQ will be up by about 10%.
<img alt="agq.png" src="https://www.benzinga.com/files/u344550/agq.png" style="height:400px; width:640px" />
SIL doesn&rsquo;t buy silver like SLV and AGQ do. Instead, it invests in companies that are in the silver mining industry. It currently holds more than 40 of them. If the price of silver rises, so should SIL.
<img alt="sil.png" src="https://www.benzinga.com/files/u344550/sil.png" style="height:400px; width:640px" />

3 Silver ETFs To Fight Inflation

Silver stocks such as First Majestic Silver Corp (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ag#NYSE">AG</a>) are shining amid speculation that the Reddit-fueled frenzy will extend to the precious metal and companies associated with it.
What Happened: First Majestic shares closed 21.56% higher at $16.86 and gained 12.69% in the after-hours session on Thursday. The iShares Silver Trust (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/slv#NYSE">SLV</a>), an ETF that tracks silver closed 5.55% higher at $24.72.
See also:&nbsp;<a href="https://www.benzinga.com/money/how-to-invest-in-silver/">How to Invest in Silver</a>
Spot silver traded 0.71% lower at $26.227, while March silver futures were up 1.38% at $26.28 at press time.&nbsp;
On Thursday, a WallStreetBets post claimed that banks are &ldquo;manipulating gold and silver to cover real inflation.&rdquo; The post went on to say that the inflation-adjusted price of silver should be <a href="https://www.benzinga.com/news/21/01/19362380/top-10-stocks-wallstreetbets-users-are-talking-about-today" style="text-decoration-line:none">$1,000 and not $25</a>.
&ldquo;$AG is essentially $GME for Silver, highest short float in the sector, nice leverage to silver, and just broke out above 10 year resistance too,&rdquo; said another post on the Reddit investor forum.
Other silver stocks that have seen a surge include Hecla Mining Company (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/hl#NYSE">HL</a>), which closed 16.84% higher and gained 3.2% in the after-hours session, and Fortuna Silver Mines Inc (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/fsm#NYSE">FSM</a>), which closed 13.73% higher at $7.62 and rose 7.09% to $8.16 in the after-hours trading.
Why It Matters: Investor Chris Camillo said on Benzinga&rsquo;s Short Squeeze <a href="https://www.youtube.com/watch?v=oKd_pGq7FwE">videocast</a> that he owns a $500,000 position in First Majestic and also owns iShare Silver Trust.&nbsp;
The Reddit investors are clamoring for vengeance against the likes of JPMorgan Chase &amp; Co (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/jpm#NYSE">JPM</a>), which they allege have manipulated the silver market.&nbsp;
If the investors on the forum are successful in moving silver prices, ETFs associated with silver-like ProShares Ultra Silver (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/agq#NYSE">AGQ</a>), and Aberdeen Standard Silver Shares ETF (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/sivr#NYSE">SIVR</a>) <a href="https://www.benzinga.com/trading-ideas/long-ideas/21/01/19360995/some-redditors-have-silver-etfs-in-their-sights" style="text-decoration-line:none">could see gains</a>.&nbsp;
AGQ closed 11.42% higher on Thursday, while SIVR saw gains of 5.46%.

Small Cap

After-Hours Center

How WallStreetBets Is Fueling A Rally In Silver Stocks

To say Reddit forum WallStreetBets accumulated infamy and notoriety and more in the span of a few days is an understatement. Just ask market participants holdings short positions in AMC Entertainment Holdings (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/amc#NYSE">AMC</a>) and GameStop (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/gme#NYSE">GME</a>), just to name a pair.
What Happened: With <a href="https://www.benzinga.com/trading-ideas/long-ideas/21/01/19346393/amc-national-beverage-and-8-more-heavily-shorted-stocks-to-watch">heavily shorted stocks</a> and their subsequent squeezes all the rage these days, WSB is drawing a crowd and with a crowd comes ideas &ndash; some credible, some not so much.
Time will tell what comes of this notion, but one Redditor is suggesting <a href="https://priceonomics.com/how-the-hunt-brothers-cornered-the-silver-market/">a Hunt Brothers redux</a>, advocating for going after the silver market.
&ldquo;Silver Bullion Market is one of the most manipulated on earth. Any short squeeze in silver paper shorts would be EPIC,&rdquo; <a href="https://www.reddit.com/r/wallstreetbets/comments/l68ill/the_biggest_short_squeeze_in_the_world_slv_silver/">according to a Wednesday WSB post</a>. &ldquo;We know billion banks are manipulating gold and silver to cover real inflation. Both the industrial case and monetary case, debt printing has never been more favorable for the No. 1 inflation hedge Silver.&rdquo;
Why It&#39;s Important: Again, it remains to be seen what comes of this, but if the WSB crowd can affect the price of silver, various exchange-traded funds stand to benefit, namely the iShares Silver Trust (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/slv#NYSE">SLV</a>) and the Aberdeen Standard Physical Silver Shares ETF (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/sivr#NYSE">SIVR</a>).
Both of those ETFs are backed by physical holdings of the white metal.
&ldquo;Inflation adjusted Silver should be at 1000$ instead of 25$. Link to post removed by mods. Why not squeeze $SLV to real physical price,&rdquo; according to the Reddit post. &ldquo;Think about the Gainz. If you don&#39;t care about the gains, think about the banks like JP MORGAN you&#39;d be destroying along the way.&rdquo;
That reference to JPMorgan Chase (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/jpm#NYSE">JPM</a>) pertains to the <a href="https://www.bloomberg.com/news/articles/2020-02-05/jpmorgan-s-role-in-metals-spoofing-is-under-u-s-criminal-probe">bank&#39;s alleged manipulation</a> of the silver market.
What&#39;s Next: The Reddit post garnered 2,700 comments with plenty of WSB community advocating for the idea of cornering the silver market. Some like the idea of getting vengeance on JPMorgan for depressing their silver investments.
It&#39;s a big &ldquo;if,&rdquo; but if Redditors are successful in making silver prices appreciate in dramatic fashion, some ETFs could shine, too.
The ProShares Ultra Silver (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/agq#NYSE">AGQ</a>) comes to mind. That ETF looks to deliver double the daily performance of the Bloomberg Silver Subindex.
Why not a leveraged silver ETF? After all, what&#39;s market participation in 2021 unless one is making money in rapid fashion?

Long Ideas

Some Redditors Have Silver ETFs In Their Sights

Extending a stellar run for silver and the related exchange-traded funds, the iShares Silver Trust (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/slv#NYSE">SLV</a>) surged nearly 18% last week.
What Happened: That only scratches the surface of <a href="https://www.benzinga.com/trading-ideas/long-ideas/20/07/16725271/2-precious-metals-etfs-making-important-headlines">last week&#39;s silver ebullience</a>. Investors poured $764.23 million into SLV, the largest silver-backed ETF, and the metals two-day price move on July 21 and July was 15.66% &ndash; its <a href="https://twitter.com/CarterBWorth/status/1286062624896102403/photo/1">fourth-best two-day move</a> on record.
Not one to shy away from volatility, big moves in silver open the door to opportunities with the ProShares Ultra Silver (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/agq#NYSE">AGQ</a>) and the ProShares UltraShort Silver (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/zsl#NYSE">ZSL</a>).
AGQ attempts to <a href="https://www.proshares.com/funds/agq.html">deliver double the daily returns </a>of the Bloomberg Silver Subindex while the bearish ZSL looks to deliver double the daily inverse returns of that index.
Why It&#39;s Important:&nbsp;Like all leveraged ETFs, AGQ and ZSL are short-term instruments and they don&#39;t always do what they&#39;re supposed to do. For example, the bullish AGQ jumped 34.26% last week, which is close to but not exactly double the price performance of the white metal. However, the bearish ZSL lost less than 29% last week.
If history is any guide, both AGQ and ZSL are worth considering over the near-term. Following the aforementioned epic two-day pop by silver last week, Cornerstone Macro Chief Market Technician <a href="https://twitter.com/CarterBWorth">Carter Worth took to Twitter</a> with some background on big two-day moves in silver.
Excluding last week&#39;s move, the top 15 two-day moves in silver resulted in just four instances of the metal trading higher a week later and just five of silver residing higher a month later, according to Worth&#39;s data.
The median loss a week later was 1%, expanding to 2.27% a month out, potentially boosting the near-term case for ZSL.
What&#39;s Next: History isn&#39;t guaranteed to repeat, which is to say traders shouldn&#39;t get too heavy in ZSL nor should they ignore the bullish AGQ.
Some traders are bullish on silver&#39;s near-term prospects, with some forecasting gains <a href="https://www.cnbc.com/2020/07/24/silver-prices-trader-foresees-30percent-rally.html">of up to 30%</a>, fueled by accommodative monetary policy by the Federal Reserve and other central banks. Soaring demand for renewable energy products, a major end market for silver, bolsters the industrial case for the metal.
&ldquo;Solar tracker shipments reached new record levels in 2019 with shipments exceeding 31GW globally, an increase of 55 percent year-on-year,&rdquo; <a href="https://ihsmarkit.com/research-analysis/the-twin-pillars-of-future-growth-of-the-solar-tracker-market.html" target="_blank">according to IHS Markit.</a>
&ldquo;Exceptional demand in the United States, as well as multiple 1 GW plus markets in Brazil, Mexico, Chile, Spain, and Australia, helped propel shipments to new heights. Furthermore, for many suppliers active in the United States the stepdown in the investment tax credit (ITC) and the willingness of developers to safe harbor for projects yet to be built has meant that 2020 started very strongly for numerous suppliers.&rdquo;

Short Ideas

Why These 2 Risky Silver ETFs Matter Now

On <a href="https://www.cnbc.com/video/2019/09/03/where-the-options-market-says-roku-could-be-headed-plus-the-bet-on-silver.html">CNBC&#39;s &quot;Fast Money Halftime Report,&quot;</a>&nbsp;Jon Najarian spoke about unusually high options activity in Roku Inc (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/roku#NASDAQ">ROKU</a>) and ProShares Ultra Silver (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/agq#NYSE">AGQ</a>).
There was a very short-term options activity in Roku as options traders were buying the Sept. 6 expiry, $155 strike calls. Najarian bought these calls and he is probably going to be in the trade for three days.
See Also: <a href="https://www.benzinga.com/trading-ideas/short-ideas/19/09/14368437/large-option-trader-makes-bearish-long-term-bets-against-pg-e">Large Option Trader Makes Bearish Long-Term Bets Against PG&amp;E</a>
Silver traded higher on Tuesday and options traders were buying ProShares Ultra Silver (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/agq#NYSE">AGQ</a>) calls. Around 2,000 contracts of the Oct. $36 calls were traded in the first half of the session. Najarian followed the trade and he is going to hold it for a month.

Options

ROKU

Jon Najarian Sees Unusual Options Activity In Roku And AGQ

Precious metals were the best-performing commodities of the first quarter, and some analysts believe the volatile nature of President Donald Trump&rsquo;s first months in office played a big part.
A <a href="https://seekingalpha.com/article/4059564-precious-metals-q1-2017-review-outlook-q2">composite</a> of the active month futures prices of the four exchange-traded precious metals moved higher by an average of 11.45 percent in the first quarter.
&ldquo;Love him or hate him, there&#39;s one thing that President Donald Trump has done since he took over the White House, and that&#39;s create a lot more uncertainty around the world,&rdquo; wrote stock picker Michael Lombardi in <a href="https://www.lombardiletter.com/greatest-president-ever-precious-metal-prices/10277/">&ldquo;The Lombardi Letter.&rdquo;</a> &ldquo;And this is great for precious metal prices.&rdquo;
Lombardi cited Trump&rsquo;s bombings of Syria and Afghanistan and his rhetoric about sending an aircraft carrier fleet toward North Korea &mdash; something the Pentagon later recanted &mdash; as reasons why investors were seeking out the traditional, post-apocalyptic safe havens of gold and silver.
&ldquo;Since the U.S. (fired) Tomahawk missiles on Syria, gold prices have made an almost-vertical move to the upside,&rdquo; he said.
<h3>Scary Silver Lining</h3>
Silver was up more than 13 percent year-to-date, and not just as a sanctuary move. Lombardi said each Tomahawk missile contains 15 kilograms of silver wires and batteries, meaning that the 59 fired on Syria contained 31,200 ounces of the metal.
&ldquo;Yes, silver is a precious metal that investors often flock to (alongside gold) in times of uncertainty,&rdquo; he said. &ldquo;But silver is also used in the aerospace and defense sectors, so a lot more silver could be needed if the U.S. goes to war again.&rdquo;
Benchmark New York gold futures edged up to a five-month high on Tuesday and closed at $1,291.7 per troy ounce, the <a href="http://asia.nikkei.com/Markets/Commodities/Gold-price-edges-up-to-five-month-high-widens-spread-between-platinum">Nikkei Asian Review</a> said.
<h3>Metals Bump Began With Breixit</h3>
Market analyst Itsuo Toshima told the review that the demand for gold was robust even before the geopolitical tensions of recent weeks. &quot;From Brexit to the Trump administration, a series of unexpected events across the world have been pushing up gold demand among investment funds,&quot; he said.
Silver was trading at $18.13 an ounce after hitting a three-month high of $18.60 on Monday, according the APMEX metals index. Palladium was at $797.80 after reaching its three-month high of $812.50 on March 24. Gold was $1,290.70 after posting its three-month $1,294.90 on Tuesday.
Platinum, a scarcer metal that historically outperforms gold, was at $980 an ounce on Thursday.
Related Links:
<a href="https://www.benzinga.com/analyst-ratings/analyst-color/17/04/9281777/war-torn-afghanistan-sits-stubbornly-atop-vast-reserves-">War-Torn Afghanistan Sits Stubborn Atop Vast Reserves</a>
<a href="https://www.benzinga.com/markets/emerging-markets/17/04/9305488/is-trumps-foreign-policy-belligerence-a-diversion-from-a-stal">Is Trump's Foreign Policy Belligerence A Diversion From A Stalled Agenda?</a>

General

Erratic Trump Prompts Investors To Seek Safety In Silver, Gold

As is the case with other precious metals exchange-traded funds, the year-to-date performance by the iShares Silver Trust (ETF) (NYSE: <a class="ticker" href="/stock/slv#NYSE">SLV</a>) looks pretty good.
SLV, the largest silver ETF by assets, is up 13.5 percent year-to-date, but looks can be deceiving. The rising dollar, the Federal Reserve&#39;s first interest rate hike of 2016 earlier this month, the notion of three more rate hikes next year and Donald Trump&#39;s surprising victory in the November presidential election are among the factors conspiring to derail silver and SLV.
<h3>Silver Bells, Silver Bells</h3>
But if 2016 ended today, SLV would at least be inflow positive.
&ldquo;The largest Silver based ETF in the marketplace, <a href="http://etfdailynews.com/etf/SLV/">SLV</a> (iShares Silver, Expense Ratio 0.50 percent, $5.3 billion in assets under management) has managed to put together a prosperous run in terms of gathering assets in 2016 in spite of huge volatility in the price of the underlying metal and in Precious Metals in general, packing in more than $450 million in new assets year-to-date via creation flows,&rdquo; said <a href="http://streetonefinancial.com/">Street One Financial</a> Vice President Paul Weisbruch in a note out Thursday.
However, SLV resides 24 percent below its 52-week high seen in August, putting the ETF in bear market territory, and it would take some work for the big silver ETF just to reclaim its 200-day moving averages. SLV resides 11.1 percent below that important technical indicator. Similar scenarios are seen for major silver miners ETFs, which <a href="http://www.benzinga.com/trading-ideas/long-ideas/16/12/8822121/meet-this-years-best-materials-etf">still sport impressive year-to-date gains</a>, but have also recently been punished.
<h3>Leveraged Silver ETF</h3>
The ProShares Ultra Silver (ETF) (NYSE: <a class="ticker" href="/stock/agq#NYSE">AGQ</a>), a leveraged play on silver, is an ETF to remember for the adventurous trader, though AGQ has recently been plagued by poor performance and has lost money this year.
&ldquo;The sudden sell-off in Silver and other Precious Metals has penalized those whom may have been long &ldquo;Levered Bull&rdquo; products in the space such as <a href="http://etfdailynews.com/etf/AGQ/">AGQ</a> (ProShares Ultra Silver, Expense Ratio 0.95 percent, $256 million in AUM, -$8.7 million in outflows YTD),&rdquo; added Weisbruch.

Economics

Federal Reserve

Big Silver ETF Added Money, Drama This Year

Most metals are advancing ahead of the U.S. presidential election irrespective of their risk disposition. However, the trend in recent sessions is reminiscent of a see-saw amid conflicting signals concerning the election results.
On October 28, the markets were jolted by the <a href="http://www.nytimes.com/2016/10/29/us/politics/fbi-hillary-clinton-email.html">FBI re-opening investigations </a>into Hillary Clinton e-mail scandal after e-mails sent from the Democratic candidate were found in the computer of one of Clinton aide Huma Abedin's estranged husband. However, Clinton's name was cleared yet again last Sunday and promptly markets headed higher on the catalyst.
<h3>Gold Begins To Glitter After Monday's Loss Of Luster</h3>

Safe haven <a href="http://www.benzinga.com/trading-ideas/long-ideas/16/08/8288683/considerations-when-mulling-gold-etfs">gold </a>is advancing, with the most actively traded December futures gaining $3.40 currently to $1,282.80 <a href="http://www.investopedia.com/terms/t/troyounce.asp">a troy ounce.</a> The yellow metal typically outperforms when risk aversion rules the roost and is also inversely correlated with the dollar, given that it is denominated in the dollar.
However, Tuesday's gain has come after a 1.95 percent slump on Monday, the biggest single-day percentage drop in five weeks, as prospects of a Clinton-victory brightened following the FBI clearing her in the e-mail scandal. Despite Monday's setback, gold has been on a roll in recent weeks, thanks to its safe haven appeal, and has recorded gains for the fourth straight week in the week ended November 4.
<h3>All That Glitters Is Not Gold ... Silver, Platinum And Palladium Shine, Too</h3>
Among the other precious metals, silver, platinum and palladium futures are all higher. December silver is up $0.194 at $18.345 an ounce after slipping 1.2 percent on Monday, which however came after a 3.2 percent gain in the week ended November 4. After a $3.10 retreat on Monday, platinum futures for January delivery are tacking on $9.40 to $1,010.80 an ounce.
Palladium futures, which bucked the downtrend on Monday by rallying $31.60 to $656.40 an ounce, are gaining $4 to $660.40 an ounce.
<h3>China Boost For Copper</h3>
Among base metals, copper futures for December delivery are adding $0.0295 to $2.3390 a pound. Copper has been having an extended pre-election run up, having gained 2 percent on Monday to $2.3095, marking the eleventh straight session of gain. Copper is riding the China momentum, as the commodity-hungry country is showing signs of renewed vigor amid policy actions.
<h3>Oil Plagued By OPEC's Resolve</h3>

At the same time, oil is bleeding, with a barrel of oil currently fetching $44.48, down $0.41 from the previous session's close of $44.89 a barrel. On Monday, the black gold added $0.82 to $44.89 a barrel, as the Clinton news, OPEC's reiteration of its resolve to implement production cuts and an earthquake that hit the Cushing, Oklahoma, storage hub proved bullish for oil.
<h3>A Look At How Metal Stocks/ETFs Fared Amid Metals' Gyrations</h3>
<ul>
<li>Avino Silver and Gold Mines Ltd (NYSE: <a class="ticker" href="/stock/asm#NYSE">ASM</a>) is currently up 0.86 percent at $2.34 after soaring roughly 20 percent since the re-opening of the Clinton e-mail case. Gold's rally on its safe haven status has buoyed the stock.</li>
<li>Direxion Shares Exchange Traded Fund Trust (NYSE: <a class="ticker" href="/stock/dust#NYSE">DUST</a>) is down 2.73 percent at $38.42.</li>
<li>Direxion Shares Exchange Traded Fund Trust (NYSE: <a class="ticker" href="/stock/nugt#NYSE">NUGT</a>) is soaring 3.02 percent to 13.63. (up 2.24 percent since October 28).</li>
<li>ETFS Physical Palladium Shares (NYSE: <a class="ticker" href="/stock/pall#NYSE">PALL</a>) is up 2.04 percent on the day, trading at $64. Shares are flat for the last 30 days and up 18 percent year-to-date.</li>
<li>iPath Bloomberg Copper Subindex Total Return Sub-Index (NYSE: <a class="ticker" href="/stock/jjc#NYSE">JJC</a>) is up 2.65 percent on the day and 10 percent year-to-date.</li>
<li>iShares Silver Trust (ETF) (NYSE: <a class="ticker" href="/stock/slv#NYSE">SLV</a>) is up 1.04 percent to 17.47 compared to the 16.87 it traded on October 28.</li>
<li>Market Vectors Gold Miners ETF (NYSE: <a class="ticker" href="/stock/gdx#NYSE">GDX</a>) is gaining 0.91 percent to 24.30, adding onto the 1.13 percent gain since October 28.</li>
<li>ProShares Ultra Silver (ETF) (NYSE: <a class="ticker" href="/stock/agq#NYSE">AGQ</a>) is up 4.7 percent on the day, trading at $44.99. It is up over 66 percent year-to-date and 13 percent over the last month.</li>
<li>SPDR Gold Trust (ETF) (NYSE: <a class="ticker" href="/stock/gld#NYSE">GLD</a>) is up a modest 0.15 percent at 122.34. On October 28, the fund ended at 121.58.</li>
</ul>

Movers

DUST

Market Vectors ETF Trust Market Vectors Gold Miners

iPath Dow Jones UBSpper Subindex Total Return ETN

NUGT

PALL

Metals Going Mental Before The Election

The markets are climbing to new heights, and commodities are hanging on for the ride. Gold and silver futures are have soared over the past year. Brexit included, KODEX Gold Futures(H) (KRX: 132030) are trading up a little over 4 percent over the past month, whereas KODEX Silver Futures(H) (KRX: 144600) are trading up around 17 percent over the past month.
Furthermore, other gold and silver stocks and ETFs are likewise experiencing an upward trend:
<li>SPDR Gold Trust (ETF) (NYSE: <a class="ticker" href="/stock/gld#NYSE">GLD</a>) is up more than 4 percent over the last month.
</li><li>Market Vectors Gold Miners ETF (NYSE: <a class="ticker" href="/stock/gdx#NYSE">GDX</a>): Up over 17 percent.
</li><li>iShares Gold Trust(ETF) (NYSE: <a class="ticker" href="/stock/iau#NYSE">IAU</a>): Up over 4 percent.
</li><li>iShares Silver Trust (ETF) (NYSE: <a class="ticker" href="/stock/slv#NYSE">SLV</a>): Up over 16 percent.
</li><li>ProShares Ultra Silver (ETF) (NYSE: <a class="ticker" href="/stock/agq#NYSE">AGQ</a>): Up over 34 percent.
</li><li>Silver Trust (NYSE: <a class="ticker" href="/stock/sivr#NYSE">SIVR</a>): Up over 16 percent.</li>

Abraham Trading Company&#39;s Salem Abraham joined Wednesday&#39;s PreMarket Prep to give his bullish outlook for the gold and silver markets.
Abraham noted that gold and silver are two things on which his company is most confident. &quot;Gold and silver are our most exciting positions. We&#39;ve been long gold and silver for a couple months now, and as they&#39;ve flowed back and forth but they continue to run up this year,&quot; he said. &quot;We think with the strength they&#39;ve shown what you find is a market that can defy gravity.&quot;
<bzrelatedlink>Related Link: <a href="http://www.benzinga.com/analyst-ratings/analyst-color/16/07/8208351/glistening-gold-jpmorgan-upgrades-harmony-gold-gold-fiel">Glistening Gold: JPMorgan Upgrades Harmony Gold, Gold Fields; Downgrades DRDGOLD</a></bzrelatedlink>
Abraham added that his models have been quite bullish on the two commodities as well. &quot;We have models from one-week outlook out to up to four months, and what&#39;s interesting to me as a technical trader is that all those (models) agree to gold and silver, and that&#39;s pretty rare,&quot; he said. &quot;From a technical perspective you have a lot of opinions that say, &lsquo;Hey these markets are going higher.&#39;&quot;
Abraham further commented that gold and silver may be the safest plays in an increasingly risky market. &quot;I think in a market environment where there&#39;s a global pushback it seems like, prudent fiscal policies across the globe from a political standpoint, there&#39;s a lot of uncertainty,&quot; he said. &quot;When you&#39;ve got a currency that basically interest rates are so low to negative &mdash; which is crazy &mdash; it&#39;s as crazy as it gets for paper money. I think that&#39;s the real attraction of gold and silver right now.&quot;
Major markets are soaring, and Salem Abraham has a very positive position on where gold and futures are headed in the future.
&quot;The sky&#39;s the limit for markets like that.&quot;
For more trading ideas and insight on the markets check out PreMarket Prep LIVE every morning from 8-9:30 a.m. ET <a href="http://premarket.benzinga.com/pre-market-show/">here</a>. You can also listen to complete episodes on Soundcloud, <a href="https://itunes.apple.com/us/podcast/benzingas-premarket-prep/id915782694?mt=2">iTunes</a> and <a href="http://www.stitcher.com/podcast/benzinga-morning-show">Stitcher</a>.
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Exclusives

Interview

'The Sky Is The Limit' For Gold And Silver

As gold hit a two-year high on the back of the Brexit outcome, there is huge potential for silver as well.
PureFunds ETFs co-founder and CEO Andrew Chanin told CNBC that silver may be the better metal play as uncertainty to drive silver demand.
Chanin said two-thirds of silver produced are coming from industrial demand and noted that silver price is two-thirds off all-time highs.
<bzrelatedlink>Related Link: <a href="http://www.benzinga.com/trading-ideas/long-ideas/16/06/8104693/scotiabank-raises-target-on-fortuna-silver-but-cuts-estimates">Scotiabank Raises Target On Fortuna Silver, But Cuts Estimates For Acquisition Accretion</a></bzrelatedlink>
Precious metals as a whole look cheaper in this scenario, Chanin told CNBC, even as investors look for gold and silver as safe plays in post-Brexit uncertainty.
Silver futures for July delivery gained 0.15 percent to $17.77.
<h3>A Few Names</h3>
<ul>
<li>Pan American Silver Corp. (USA) (NASDAQ: <a class="ticker" href="/stock/paas#NASDAQ">PAAS</a>)
</li><li>Silver Wheaton Corp. (USA) (NYSE: <a class="ticker" href="/stock/slw#NYSE">SLW</a>)
</li><li><storng>Hecla Mining Company (NYSE: <a class="ticker" href="/stock/hl#NYSE">HL</a>)
<li>Silvercorp Metals Inc (OTC: <a class="ticker" href="/stock/svmlf#OTC">SVMLF</a>)
</li><li>Endeavour Silver Corp (NYSE: <a class="ticker" href="/stock/exk#NYSE">EXK</a>)
</li><li>Silver Standard Resources Inc. (USA) (NASDAQ: <a class="ticker" href="/stock/ssri#NASDAQ">SSRI</a>)
</li><li>iShares Silver Trust (ETF) (NYSE: <a class="ticker" href="/stock/slv#NYSE">SLV</a>)
</li><li>ProShares Ultra Silver (ETF) (NYSE: <a class="ticker" href="/stock/agq#NYSE">AGQ</a>)
</li><li>Silver Trust (NYSE: <a class="ticker" href="/stock/sivr#NYSE">SIVR</a>)
</li><li>Global X Silver Miners ETF (NYSE: <a class="ticker" href="/stock/sil#NYSE">SIL</a>) 
</li></storng></li></ul>

CNBC

SSRI

SVMLF

Silver Will Become Hot Commodity Amid Market Uncertainty

Futures

Silver Spikes to High $21.41/oz

<a href="https://www.benzinga.com/topic/silver" target="_blank" rel="noopener">은 가격</a>이 2011년에 마지막으로 돌파한 온스당 35달러를 넘어서며 공식적으로 14년 만에 고점을 돌파했다. <a href="https://x.com/KatusaResearch/status/1931766766147149841" target="_blank" rel="noopener">카투사 리서치(Katusa Research)</a>는 이전에도 35달러를 돌파했을 때 7주 동안 은 가격이 49달러까지 36% 급등했었다거 지적했으며, 이번에도 역사가 반복될 가능성이 높다.
현재 은 현물은 약 36달러/온스에 거래되고 있으며, 2025년에는 +24%의 인상적인 상승률을 기록할 것으로 예상된다. 은은 최근 8개월간의 저점을 돌파하며 온스당 32.78달러를 기록한 후 꾸준히 상승하고 있다.
미국 달러 약세, 태양광 기술과 관련된 견고한 산업 수요, 5년 연속 구조적 공급 부족과 같은 호재가 랠리에 힘을 실어주고 있다.
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" class="wp-image-943530" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/09122752/Screenshot-2025-06-09-at-7.43.54-PM-1024x558.png" sizes="(max-width: 1024px) 100vw, 1024px" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/09122752/Screenshot-2025-06-09-at-7.43.54-PM-1024x558.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/09122752/Screenshot-2025-06-09-at-7.43.54-PM-300x163.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/09122752/Screenshot-2025-06-09-at-7.43.54-PM-768x419.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/09122752/Screenshot-2025-06-09-at-7.43.54-PM.png 1134w" alt="" width="1024" height="558" /></figure>
차트는 TradingView를 사용하여 생성됨
<a href="https://in.tradingview.com/symbols/SILVER/technicals/" target="_blank" rel="noopener">기술적 지표</a>도 청신호를 보내고 있다. 10일 이동평균부터 200일 이동평균까지 거의 모든 이동평균이 강세를 보이고 있다. MACD(이동평균 수렴/발산)와 궁극 오실레이터 같은 도구도 고개를 끄덕이며 앞으로 더 강한 모멘텀을 암시한다.
유일한 주의 신호는 20일 원자재 채널 지수가 과매수 상태라는 점으로, 잠시 숨고르기를 할 수 있지만 강세 흐름을 바꿀 만한 요인은 없다.
<h3>은 투자자에게 어떤 의미일까?</h3>
간단하다. 은은 단순한 금속이 아니라 포트폴리오의 일부이다. 
모멘텀에 편승하고 싶다면 과감하게 투자하고 싶다면 iShares Silver Trust(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SLV#NYSE">SLV</a>) 또는 좀 더 대담하게 ProShares Ultra Silver(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AGQ#NYSE">AGQ</a>) 같은 실물 금속 펀드를 고려할 수 있다.
<h3>50달러에 주목?</h3>
애널리스트들은 기술적, 펀더멘털적 상승이 이어질 것으로 보고 있다. 스톤엑스(StoneX)와 위즈덤트리(WisdomTree) 전략가들은 금 대비 은의 저평가를 강조한다. <a href="https://in.benzinga.com/economics/macro-economic-events/25/04/44994275/gold-now-worth-100x-more-than-silver-analysts-say-its-time-to-buy-the-underdog" target="_blank" rel="noopener">금/은 비율</a>은 4월 105에서 최근 90으로 하락했다.
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" class="wp-image-943547" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/09123644/Screenshot-2025-06-09-at-10.06.29-PM-1024x558.png" sizes="(max-width: 1024px) 100vw, 1024px" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/09123644/Screenshot-2025-06-09-at-10.06.29-PM-1024x558.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/09123644/Screenshot-2025-06-09-at-10.06.29-PM-300x163.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/09123644/Screenshot-2025-06-09-at-10.06.29-PM-768x419.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/09123644/Screenshot-2025-06-09-at-10.06.29-PM.png 1134w" alt="" width="1024" height="558" /></figure>
차트는 TradingView를 사용하여 생성됨
이 격차가 좁혀지면서 많은 사람들이 <a href="https://www.reuters.com/business/silver-surges-past-35oz-level-hit-more-than-13-year-high-2025-06-05/" target="_blank" rel="noopener">36달러를 체크포인트</a>로 보고 있으며, 이 선을 넘으면 (지금까지 그래왔듯이) 특히 태양광 및 전기 자동차 수요가 계속 확대될 경우 40달러 또는 50달러를 향해 질주할 수 있을 것으로 전망하고 있다.
<h3>왜 지금일까?</h3>
금과 달리 은은 대부분 부산물로 채굴되기 때문에 생산 속도가 제한적이다. 즉, 가격이 상승하더라도 시장에 새로운 공급이 즉시 쏟아져 나오지 않아 랠리가 지속될 수 없다. 
여기에 산업계의 새로운 수요와 중앙은행의 매수가 더해지면 이 패키지는 합리적이다.
은은 공식적으로 가격 방향을 바꿨다. 35달러 돌파는 강세 펀더멘털, 기술적 모멘텀, 모든 위험선호도를 충족하는 ETF 상품으로 새로운 장을 열었다. 은이 역사를 반복한다면 트레이더는 50달러를 바라볼 수 있다. 하지만 빠른 급등은 흔들릴 수 있다는 점을 기억하자.
현명한 매매를 원한다면 SLV 펀드가 더 부드러운 경로를 제공하며, 공격적인 플레이어는 AGQ 펀드에 진입할 수 있다. 언제 50달러가 가시권에 들어올지 모르니 계속 주시하기 바란다. 
사진: Shutterstock
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