에 대한 최신 뉴스 Global X Silver Miners ETF (ARCA:SIL)

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The fund invests at least 80% of its total assets in the securities of the underlying index and in American Depositary Receipts (ADRs) and Global Depositary Receipts (GDRs) based on the securities in the underlying index. The underlying index is designed to measure broad-based equity market performance of global companies involved in the silver mining industry. The fund is non-diversified.

Wheaton Precious Metals Corp

Cia De Minas Buenaventura Saa

Coeur Mining Inc

Hecla Mining Co

Korea Zinc Co Ltd

First Majestic S

Industrias Penol

Industrias Penoles S.A. de C.V

Fresnillo Plc

Global X Silver Miners ETF

Top 5 Gold ETFs To Shield Your Portfolio From Rising Inflation

Broad U.S. Equity ETFs

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INTW

NVDA

ETF Opportunities Trust T-Rex 2X Long NVIDIA Daily Target ETF

NVDX

SMCI

SMCX

예상보다 부진한 인플레이션 지표가 연준 금리 인하에 대한 기대감을 높였지만, 시장은 여전히 백악관의 정책 불확실성에 머물러 있다. 하지만 전반적인 시장 약세에도 불구하고 지난주 일부 ETF는 다른 종목보다 더 좋은 성과를 보였다.

미국 증시 하락세에도 불구하고 상승한 ETF 5종목

Gold,Nuggets,Isolated,On,Black,Background.

Macro Economic Events

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COPX

FQVLF

Market Vectors ETF Trust Market Vectors Gold Miners

금요일은 최근 몇 년 동안 금속 원자재 가격이 가장 강한 날 중 하나가 될 것으로 예상된다. 금은 1.7% 이상 상승해 온스당 2,400달러를 넘어 사상 최고치를 기록했고, 은은 6% 이상 급등해 2013년 2월 이후 최고치까지 올랐으며, 구리는 사상 최고치를 기록했다.

은 가격은 11년 만에 최고치, 금과 구리는 사상 최고점 기록: 광산 주식 급등

Gold.goldbar.goldnugget.shutterstock

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지정학적 위험이 줄어들면서 금 가격은 미국 동부 시간으로 월요일 오후 3시 현재 2.7% 하락해 2,350달러 아래로 떨어졌다. 금과 밀접한 관련을 가진 은도 5.1%의 더 급격한 하락을 경험하며 지난 10월 이후 최대의 하락을 보여주었다.

지정학적 안도감에 금 매도 촉발, 2,350달러 이하로 하락: 광산주가 큰 타격

Sila Realty Trust Inc

Silicom Ltd

Sintokogio Ltd

SILVER ELEPHANT MNG CORP by Silver Elephant Mining Corp.

Silver Elephant Mining Corp

Silo Wellness Inc

Amplify ETF Trust Amplify Junior Silver Miners ETF

Silk Road Medical Inc

SARIN TECHS LTD ORD by Sarine Technologies Ltd.

Sarine Technologies Ltd

SILO Pharma Inc

SILVER SCOTT MINES INC by Silver Scott Mines, Inc.

Silver Scott Mines Inc

SILVERCREST METALS INC COM

SILEX SYSTEMS LTD ORD by Silex Systems Ltd.

Silex Systems Ltd

SILEX SYS LTD SPON ADR by Silex Systems Ltd.

Silver's not just glittering &#8211; it's surging. <a href="https://www.benzinga.com/topic/silver">The white metal</a> rocketed past $35.60 an ounce Thursday, a level last seen in 2012, and gold bull Peter Schiff says it's just warming up. 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">I love the smell of a precious metals rally in the morning. Gold is above $3,400, but silver and platinum are up 4%. Not only is silver above $35, it&#39;s about to take out $36, trading at its highest level since Dec. 2012. This train has left the station and there&#39;s no stopping it!
&mdash; Peter Schiff (@PeterSchiff) <a href="https://twitter.com/PeterSchiff/status/1930582432270741827?ref_src=twsrc%5Etfw">June 5, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
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"This train has left the station and there's no stopping it," Schiff posted on X, noting silver's push to $36 and a 4% jump in early action.
While gold flirted with $3,400, it was silver that stole the spotlight, driven by a perfect storm of weak U.S. economic data, rising geopolitical tensions, and intensifying expectations of a Fed rate cut in September. The latest ADP report showed the weakest job growth since March 2023, and the ISM Services PMI fell into contraction territory <a href="http://www.benzinga.com/markets/market-summary/25/06/45788298/asia-markets-mixed-europe-gains-gold-inches-toward-all-time-high-global-markets-today-while-us-slept">for the first time</a> in nearly a year &#8211; fueling bets that the Fed will have little choice but to ease.
Read Also: <a href="https://www.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 Now Worth 100x More Than Silver: Analysts Say It&#8217;s Time To Buy The Underdog</a>
<h2 class="wp-block-heading">Fed Doves And Trade Tensions Fan The Fire</h2>
It's not just macro softness driving this surge. The market is also reacting to Washington's tariff thunderclap &#8211; doubling import duties on <a href="https://www.benzinga.com/trading-ideas/long-ideas/25/06/45790624/exclusive-tariff-titans-why-cleveland-cliffs-nucor-steel-dynamics-could-outmuscle-the-competition">steel and aluminum to 50%</a> &#8211; raising fears of another trade slugfest just as investors react to a market-moving call between President Donald Trump and Chinese President Xi Jinping.
For silver, which straddles the line between precious metal and industrial workhorse, this is jet fuel. Whether it's flight to safety or hedging against inflation and trade turmoil, demand is coming from all corners.
<h2 class="wp-block-heading">SLV And Silver Miners Shine Bright</h2>
Retail investors are already piling in. The iShares Silver Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SLV#NYSE">SLV</a>) (proxy for silver price) is up over 16% year-to-date and 14% over the past year, with technicals flashing green across the board. 
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/pro/register?utm_adType=bzprocontent&amp;utm_campaign=14daytrial&amp;utm_ad=0605"><img loading="lazy" decoding="async" width="631" height="486" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/05085402/Screenshot-2025-06-05-at-6.23.50-PM.png" alt="" class="wp-image-939737" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/05085402/Screenshot-2025-06-05-at-6.23.50-PM.png 631w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/05085402/Screenshot-2025-06-05-at-6.23.50-PM-300x231.png 300w" sizes="(max-width: 631px) 100vw, 631px" /></a></figure>
<a href="https://www.benzinga.com/pro/register?utm_adType=bzprocontent&amp;utm_campaign=14daytrial&amp;utm_ad=0605">Chart created using Benzinga Pro</a>
SLV is currently trading above its eight, 20, 50 and 200-day simple moving averages and maintains a bullish MACD (moving average convergence/divergence) indicator and an RSI (relative strength index) of 68.23.
For those seeking exposure to this breakout, silver miners like First Majestic Silver Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AG#NYSE">AG</a>), Pan American Silver Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PAAS#NYSE">PAAS</a>) and Wheaton Precious Metals Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WPM#NYSE">WPM</a>) are catching bids alongside the metal.
For diversified exposure, the Global X Silver Miners ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SIL#NYSE">SIL</a>) offers a direct line to the producers riding silver's high.
If Schiff's right and the rally's just beginning, silver bugs may have a lot more to smile about this summer.
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

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Markets

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PAAS

Silver Hits 12-Year High: Peter Schiff Says Rally's Just Starting

While investors obsess over <a href="https://www.benzinga.com/trading-ideas/technicals/25/04/44836660/gold-tops-3300-as-peter-schiff-calls-it-biggest-financial-story-barrick-gold-flaunts-a-golden-cross">gold's path to $3,000</a>, silver may be quietly setting up for the bigger upside move — and the math might already be flashing the signal.
In a recent <a href="https://x.com/RonStoeferle/status/1925810027509457289?s=31">post</a> on X, Ronald-Peter Stöferle pointed out that if the gold-silver ratio — a historical measure of how many ounces of silver equal one ounce of gold — reverts to its long-term average, silver prices could surge.
With gold potentially heading to $3,000, the ratio implies silver could be worth between $55 and $63 per ounce, up to 95% higher than its current ~$33 price.
Read Also: <a href="https://www.benzinga.com/trading-ideas/long-ideas/25/05/45562808/jim-cramer-rivian-better-than-this-automaker-pan-american-silver-is-the-best-silver-mine">Jim Cramer: Rivian Better Than This Automaker, Pan American Silver Is The &#8216;Best Silver Mine&#8217;</a>
<h2 class="wp-block-heading">Silver Could Shine Brighter</h2>
But this isn't just a valuation story. Silver's fundamentals are shifting fast, and not just as a monetary metal. 2025 will mark the fifth consecutive year of silver supply deficits, with a cumulative shortfall of nearly 800 million ounces since 2021 — about the size of an entire year's mine production.
Demand, meanwhile, is being supercharged by industrial use. Solar panels alone are expected to consume nearly 198 million ounces of silver this year — an all-time high — and new-generation TOPCON technology could double that demand by 2029. Then there's the looming battery boom: Samsung's next-gen solid-state EV batteries could require up to 1 kilogram of silver per vehicle, a 20x jump from current battery chemistry.
Adding to the bullish pressure is India's sudden interest. The country imported 225 million ounces of silver in 2024 alone and could surpass 200 million ounces in ETP holdings by 2027, combining cultural affinity with a growing appetite for financial exposure.
For U.S. investors looking to position, the iShares Silver Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SLV#NYSE">SLV</a>) and the Aberdeen Silver ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SIVR#NYSE">SIVR</a>) track silver spot prices directly. More aggressive bets lie in the Global X Silver Miners ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SIL#NYSE">SIL</a>) or the ETFMG Junior Silver Miners (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SILJ#NYSE">SILJ</a>).
If the golden ratio starts to snap back, silver may not just play catch-up — it might just outrun the headlines.
Read Next: 
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/25/05/45541977/from-bars-to-blocks-bitcoin-now-outshines-gold-in-american-wallets">From Bars To Blocks: Bitcoin Now Outshines Gold In American Wallets</a></li>
</ul>
Photo: Shutterstock

Specialty ETFs

SILJ

SIVR

The Golden Ratio's Silver Surprise: This Metal's Price Could Double

Wall Street closed its <a href="https://www.benzinga.com/economics/macro-economic-events/25/03/44341328/stocks-enter-correction-zone-tariff-fears-hammer-consumer-confidence-inflation-worries-hit-32-year-highs-this-week-in-markets">fourth consecutive losing week</a>, its longest slide since May 2022. 
The S&amp;P 500 fell into correction territory, down 10% from its February highs. Investors continue to have anxiety over trade tensions and government spending cuts. While weaker-than-expected inflation data fueled hopes for Fed interest-rate reductions, markets still lingered on policy uncertainty from the White House. 
Nevertheless, despite overall market weakness, some ETFs performed better than the rest last week.
<h2 class="wp-block-heading">The Top Five Best-Performing ETFs </h2>
These ETFs highlight areas of opportunity amid broader volatility.
GraniteShares 2x Long INTC Daily ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTW#NASDAQ">INTW</a>): This <a href="https://www.benzinga.com/etfs">leveraged ETF </a>surged as Intel (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>) shares resumed their rise amid expectations of AI-supported chip demand.
<ul>
<li>Weekly Gains: 32.71%</li>
</ul>
<ul>
<li>Expense Ratio: 1.3%</li>
</ul>
Defiance Daily Target 2X Long SMCI ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMCX#NASDAQ">SMCX</a>): Super Micro Computer&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMCI#NASDAQ">SMCI</a>) share rise, fueled by strong earnings and growing AI server demand, drove the return on this ETF.
<ul>
<li>Weekly Gains: 17.62%</li>
</ul>
<ul>
<li>Expense Ratio: 1.29%</li>
</ul>
T-Rex 2X Inverse Ether Daily Target ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/ETQ#BATS">ETQ</a>): A pullback in Ethereum prices benefited this inverse ETF, which profits on downturns in the cryptocurrency.
<ul>
<li>Weekly Gains: 15.85%</li>
</ul>
<ul>
<li>Expense Ratio: 1.25%</li>
</ul>
T-Rex 2X Long NVIDIA Daily Target ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/NVDX#BATS">NVDX</a>): NVIDIA&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) continued dominance of the AI chip space pushed this leveraged ETF up.
<ul>
<li>Weekly Gains: 14.62%</li>
</ul>
<ul>
<li>Expense Ratio: 1.05%</li>
</ul>
Global X Silver Miners ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SIL#NYSE">SIL</a>): Rising silver prices, driven by safe-haven demand in times of economic uncertainty, boosted silver miners and this ETF.
<ul>
<li>Weekly Gains: 8.82%</li>
</ul>
<ul>
<li>Expense Ratio: 0.65%</li>
</ul>
<h2 class="wp-block-heading">What Moved The Markets Last Week</h2>
Investor anxiety is high as a result of pending trade tariffs under President Trump and sudden spending reductions spearheaded by the DOGE office under Elon Musk. Even softer-than-expected inflation readings—February&#8217;s CPI climbed 2.8% YoY, down from the 2.9% consensus—kept markets fixated on White House policy actions.
Trump vowed a 200% tariff on European wines if the EU drops its 50% tax on American whiskey and doubled tariffs on Canadian steel and aluminum, threatening auto tariffs.
Consumer confidence dropped and long-term inflation expectations reached their highest since 1993. In response to economic uncertainty, <a href="https://www.benzinga.com/etfs/specialty-etfs/25/03/44335436/gold-etfs-shine-as-spot-price-tops-3000-during-safe-haven-demand">gold hit a record $3,000 per ounce</a> and has increased in 10 of the last 11 weeks.
Markets bounced modestly at the end of the week on confirmation that a government shutdown would be averted and the lack of fresh trade news. The Federal Reserve is set to keep rates unchanged next week, although fears of stagflation—slowing growth coupled with ongoing inflation—are growing.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/25/03/44332599/exclusive-what-industry-experts-are-saying-about-the-openai-oracle-nvidias-100b-stargate-project-etfs-that-stand-">Exclusive: What Industry Experts Are Saying About OpenAI-Oracle-Nvidia&#8217;s $100-Billion Stargate Project &amp; ETFs That Stand To Gain</a></li>
</ul>
Image: Shutterstock

Wall Street's Losing Streak Deepens, But These 5 ETFs Defy The Slump

As cryptocurrency prices hover around <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/41888686/bitcoin-blasts-through-87000-as-market-euphoria-regulatory-optimism-take-hold">record levels</a>, investors have been keen on adding them to their portfolios. This is evident by the rise in various Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) ETF levels. However, gold prices have declined by nearly 1% in the morning hours as cryptocurrency prices surged. While silver prices have been down too, Peter Schiff, the chairman of SchiffGold.com and chief economist and global strategist at Europac.com suggests that investors should go for silver over Bitcoin as the precious yellow metal declines.
What Happened: Schiff suggests that &#8220;typically&#8221; silver prices should drop to about half the rate of gold. However, with silver prices holding steady amid market fluctuations, he views this resilience as a &#8220;silver lining.&#8221; Schiff believes this unusual performance makes silver an attractive investment alternative to Bitcoin and gold ETFs, given its relative stability in the current market.
Also read: <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/41888686/bitcoin-blasts-through-87000-as-market-euphoria-regulatory-optimism-take-hold">Bitcoin Blasts Through $88,000 As Market &#8216;Euphoria,&#8217; Regulatory Optimism Take Hold</a>
<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="889" height="322" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/12054246/peter-tweet.png" alt="" class="wp-image-642454" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/12054246/peter-tweet.png 889w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/12054246/peter-tweet-300x109.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/12054246/peter-tweet-768x278.png 768w" sizes="(max-width: 889px) 100vw, 889px" /></figure>
Why It Matters: Comparing the ETFs of all three assets, we see that gold and silver ETFs have underperformed bitcoin ETFs. Gold spot rates (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XAU#NASDAQ">XAU</a>) were down 1.05% at $2,591.34 per ounce, Silver spot rates (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XAG#NASDAQ">XAG</a>) were down by 1.25% at $30.30 per ounce and Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) trading at $87,504.28 per coin at the time of publication.
Also read: <a href="https://www.benzinga.com/general/education/24/11/41882342/heres-how-much-100-in-dogecoin-today-could-be-worth-if-doge-hits-new-all-time-highs-2">Here&#8217;s How Much $100 In Dogecoin Today Could Be Worth If DOGE Hits New All-Time Highs</a>
The iShares Bitcoin Trust (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IBIT#NASDAQ">IBIT</a>) was up by 13.5% as of Monday&#8217;s close. Additionally, the Fidelity Wise Origin Bitcoin Fund (BATS:<a class="ticker" href="https://www.benzinga.com/stock/FBTC#BATS">FBTC</a>) and the Grayscale Bitcoin Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GBTC#NYSE">GBTC</a>) ETFs rose by 13.4% on Monday, as per <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a> data.
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="251" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/12060631/Gold-ETFs-G-1024x251.png" alt="" class="wp-image-642494" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/12060631/Gold-ETFs-G-1024x251.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/12060631/Gold-ETFs-G-300x74.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/12060631/Gold-ETFs-G-768x188.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/12060631/Gold-ETFs-G-1536x377.png 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/12060631/Gold-ETFs-G.png 1822w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
According to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>, Franklin Responsibility Sourced Gold ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FGDL#NYSE">FGDL</a>) declined 2.25% as of Monday&#8217;s close, whereas the SPDR Gold MiniShares Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GLDM#NYSE">GLDM</a>) was down by 2.35% on the same day. iShares Gold Trust Micro Shares (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IAUM#NYSE">IAUM</a>) declined by 2.39% on Monday.
Also Read: <a href="https://www.benzinga.com/etfs/specialty-etfs/24/11/41888750/gold-etf-hit-with-1-billion-outflow-investors-dump-safe-haven-asset-after-trump-win">Gold ETF Hit With $1 Billion Outflow: Investors Dump Safe Haven Asset After Trump Win</a>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="250" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/12054737/Gold-ETFs-Final-1024x250.png" alt="" class="wp-image-642465" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/12054737/Gold-ETFs-Final-1024x250.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/12054737/Gold-ETFs-Final-300x73.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/12054737/Gold-ETFs-Final-768x188.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/12054737/Gold-ETFs-Final-1536x375.png 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/12054737/Gold-ETFs-Final.png 1809w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
While the gold ETFs fell by over 2% on Monday, silver ETFs were down too. As per <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a> data, iShares Silver Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SLV#NYSE">SLV</a>) was down 1.79% on Monday. Similarly, Global X Silver Miners ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SIL#NYSE">SIL</a>) and Amplify ETF Trust Amplify Junior Silver Miners ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SILJ#NYSE">SILJ</a>) were down by 4.39% and 5.77% as of Monday&#8217;s close.
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="245" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/12055151/Silver-ETFs-1024x245.png" alt="" class="wp-image-642475" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/12055151/Silver-ETFs-1024x245.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/12055151/Silver-ETFs-300x72.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/12055151/Silver-ETFs-768x184.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/12055151/Silver-ETFs-1536x368.png 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/12055151/Silver-ETFs.png 1819w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
Also read: <a href="https://www.benzinga.com/24/11/41886697/two-ideas-famed-stock-market-forecasters-agree-on-for-2025">Why Trump&#8217;s Win Has 2 Market Experts Betting On Small Caps, Financials</a>
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Economist Peter Schiff Sees 'A Silver Lining' As Gold Plummets, While Investors Rush To Snap Up Bitcoin Gains: 'Typically…Silver Would Be Down Twice As Much'

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Earnings Scheduled For November 12, 2024

U.S. metals and mining stocks posted their strongest one-day rally of 2024 on Tuesday, driven by China&#8217;s unexpected <a href="https://www.benzinga.com/markets/asia/24/09/41003814/chinese-stocks-jump-as-central-bank-unveils-major-stimulus-to-spur-economy-a-step-in-the-right-direc">and substantial monetary easing. </a>
The People&#8217;s Bank of China&#8217;s (PBoC) stimulus measures, including cuts to the reserve requirement ratio and repo rates, boosted global demand for raw materials, sparking a surge in metal prices and mining stocks.
The SPDR S&amp;P Metals &amp; Mining ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XME#NYSE">XME</a>) surged 4.2%, marking its best one-day performance since November 2023. The move reflected heightened optimism in the sector, which benefits heavily from demand in China, the world's largest consumer of raw materials.
<h3 class="wp-block-heading">Chart: Metals &amp; Mining Stocks Mark Best Day In Almost A Year</h3>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="371" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/24101235/image-190-1024x371.png" alt="" class="wp-image-563348" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/24101235/image-190-1024x371.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/24101235/image-190-300x109.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/24101235/image-190-768x278.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/24101235/image-190-1536x556.png 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/24101235/image-190.png 1920w" sizes="(max-width: 1024px) 100vw, 1024px" /><figcaption class="wp-element-caption">Image: <a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent092424&amp;t=be2bearmibe3na1">Benzinga Pro</a></figcaption></figure>
<h3 class="wp-block-heading">Precious, Industrial Metals Shine</h3>
Gold prices hit yet another fresh record on Tuesday, rising 0.3% to $2,638 per ounce, the highest in history, as the metal benefited from expectations of higher liquidity from global central banks. 
The People&#8217;s Bank of China&#8217;s 50-basis-point cut to the reserve requirement ratio is expected to boost bank lending, while the reduction in key interest rates provides relief to heavily indebted sectors. This move is also seen as a strong signal that further monetary easing may be on the horizon.
Silver jumped 1.2%, while copper saw an even bigger rally, surging over 3%. The broad gains in metals prices were driven by expectations of increased Chinese demand, as the country&#8217;s easing measures are aimed at stimulating domestic economic activity.
Last week, the Federal Reserve slashed interest rates by 50 basis points to 4.75%-5%, offering another strong tailwind to metal commodities. 
<h3 class="wp-block-heading">Mining Stocks, ETFs Post Gains</h3>
Mining-related stocks and ETFs are enjoying strong performance Tuesday. The Global X Copper Miners ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/COPX#NYSE">COPX</a>) climbed over 6%, reflecting the sharp increase in copper prices, while the Global X Silver Miners ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SIL#NYSE">SIL</a>) rose 2%.
Here's a look at the five strongest performers within the SPDR S&amp;P Metals &amp; Mining ETF stocks on Tuesday
<figure class="wp-block-table is-style-stripes"> 
<table>
<thead>
<tr>
<th>Company</th>
<th>Price</th>
<th>1-Day Return</th>
</tr>
</thead>
<tbody>
<tr>
<td>MP Materials Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MP#NYSE">MP</a>)</td>
<td>$15.72</td>
<td>+10.48%</td>
</tr>
<tr>
<td>Ramaco Resources, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/METC#NYSE">METC</a>)</td>
<td>$11.04</td>
<td>+8.83%</td>
</tr>
<tr>
<td>Warrior Met Coal, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HCC#NYSE">HCC</a>)</td>
<td>$59.94</td>
<td>+7.81%</td>
</tr>
<tr>
<td>Alcoa Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AA#NYSE">AA</a>)</td>
<td>$36.78</td>
<td>+7.45%</td>
</tr>
<tr>
<td>Cleveland-Cliffs Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CLF#NYSE">CLF</a>)</td>
<td>$12.74</td>
<td>+7.36%</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption">Updated at 10:30 a.m. ET Photo via Shutterstock. </figcaption></figure>

Asia

Tech

BABA

KWEB

METC

Gold Breaks Records On China's Policy Stimulus: Mining, Metal Stocks Exhibit Strongest 1-Day Rally In 2024

Goldman Sachs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GS#NYSE">GS</a>) reinforced its bullish outlook on gold, citing increased central bank demand and expectations of a U.S. Federal Reserve <a target="_blank" href="https://www.benzinga.com/federal-reserve" rel="noreferrer noopener">interest rate cut</a> tomorrow.
"While we see some tactical downside to gold prices under our economists' base case of a 25bp Fed cut on Wednesday, we reiterate our long gold trading recommendation and our price target of $2,700/oz by early 2025," the investment bank said in a note.
With the price of gold making new all-time highs, reaching 2589.60 on the spot market, the two-quarter upside price target of 5% doesn't seem much. At the moment, the market is pricing a 65% chance of a 50-basis-point cut tomorrow, <a target="_blank" href="https://www.google.com/search?client=firefox-b-d&amp;q=cme+fed+watchtool" rel="noreferrer noopener">per</a> the CME FedWatch tool.
Now read:<a target="_blank" href="https://www.benzinga.com/markets/equities/24/09/40861213/why-interest-rate-cuts-wont-automatically-boost-the-stock-market" rel="noreferrer noopener"> Why Interest Rate Cuts Won't Automatically Boost The Stock Market</a>
Gold is traditionally seen as a hedge against inflation and economic uncertainty. With the U.S. recession still in discussion and a Fed pivot toward more accommodative monetary policies, investor interest in gold is <a target="_blank" href="https://www.benzinga.com/analyst-ratings/analyst-color/24/09/40689742/goldman-sachs-bullish-on-gold-wall-street-giant-targets-2-700-by-early-2025-driven-" rel="noreferrer noopener">expected to remain strong</a>, accompanied by buying from foreign central banks, <a target="_blank" href="https://www.benzinga.com/markets/asia/24/05/38649656/how-chinas-central-bank-gold-buying-frenzy-drove-prices-to-record-highs-attracting-gen-z-to-gold-bea" rel="noreferrer noopener">particularly China</a>.
The Fed's anticipated rate cuts could <a target="_blank" href="https://www.benzinga.com/markets/equities/24/09/40861213/why-interest-rate-cuts-wont-automatically-boost-the-stock-market" rel="noreferrer noopener">lower bond yields</a>, making gold more attractive as it does not generate interest.
In contrast to its positive gold outlook, the bank recently downgraded its projection for iron ore prices. The bank slashed its fourth-quarter 2024 forecast by $15 per metric ton, lowering it to $85 due to concerns of oversupply despite stabilizing demand from China.
Despite China's attempts at economic stimulus and rising steel demand, the broader economic slowdown and the real estate crisis have dampened demand for iron ore. Its futures briefly dipped below $90, reaching the lowest point in almost two years.
Goldman noted that while there might be short-term support due to restocking ahead of the holiday week in October, but the continued buildup of iron ore inventories is likely to drive prices further down.
Supply-demand imbalances have been a key issue for the market, particularly with major players like Brazil's Vale and Australia's BHP maintaining production levels.
Kallanish Consulting analyst Ian Roper explained the current price dynamics <a target="_blank" href="https://www.bnnbloomberg.ca/business/international/2024/09/11/iron-ore-tests-floor-as-plunge-to-90-a-ton-puts-mines-at-risk/" rel="noreferrer noopener">for</a> Bloomberg.
"We need to eliminate about 100 million tons to balance this market, and to do that, we need prices to settle in the $80s," he noted.
Also read:
<ul>
<li><a href="https://www.benzinga.com/news/24/09/40875211/bhp-group-sounds-alarm-on-copper-supply-ai-and-ev-growth-could-drive-prices-soaring-report" target="_blank" rel="noreferrer noopener">BHP Group Sounds Alarm on Copper Supply, AI and EV Growth Could Drive Prices Soaring: Report</a></li>
</ul>
Benzinga Mining is the bridge between mining companies and retail investors. Reach out to <a href="mailto:licensing@benzinga.com" target="_blank" rel="noreferrer noopener">licensing@benzinga.com</a> to get started!
Image via Shutterstock

Guidance

AAAU

PICK

Market Vectors Rare Earth/Strategic Metals Etf

REMX

SGOL

SLVP

Goldman Sachs Sees Gold Higher, Takes A Downbeat Stance On Iron Ore

Silver mining stocks have recorded their best weekly performance in over four years, with some exchange-traded funds (ETFs) delivering their <a href="https://www.benzinga.com/money/best-precious-metals-stocks">highest gains since inception</a>.
A perfect storm of rising gold prices, expectations of a Federal Reserve interest rate cut, and a condition of structural global silver supply shortage has propelled prices above $30 per ounce, driving an almost 10% surge this week alone.
Several silver-focused ETFs have outperformed the broader market, benefiting from the rapid rise in prices. Here's a breakdown of their weekly performance as of 3 p.m. ET on Friday:
<figure class="wp-block-table is-style-stripes"> 
<table>
<thead>
<tr>
<th>ETF</th>
<th>Performance (5D)</th>
<th>Best Week Since</th>
</tr>
</thead>
<tbody>
<tr>
<td>iShares MSCI Global Silver Miners Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SLVP#NYSE">SLVP</a>)</td>
<td>+16.8%</td>
<td>Early April 2020</td>
</tr>
<tr>
<td>Global X Silver Miners ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SIL#NYSE">SIL</a>)</td>
<td>+16.7%</td>
<td>Fund Inception (2010)</td>
</tr>
<tr>
<td>Themes Silver Miners ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AGMI#NASDAQ">AGMI</a>)</td>
<td>+13.0%</td>
<td>Fund Inception (2024)</td>
</tr>
</tbody>
</table>
</figure>
<h3 class="wp-block-heading">Worsening Silver Shortage</h3>
The silver market&#8217;s supply and demand dynamics are only tightening, pushing prices higher. A Silver Institute survey highlighted a growing supply deficit, with demand expected to outstrip supply by 265 million ounces (oz.) this year, marking the steepest shortage since 2020.
In 2024, industrial demand for the metal is forecasted to rise to 710.9 million oz., up from 654 million oz. in 2023, driven largely by increased use in photovoltaic cells for solar energy production.
This demand spike is colliding with a flat supply, creating a structural deficit that's driving prices upward.
<h3 class="wp-block-heading">Fed Rate Cuts Could Fuel Further Gains</h3>
Investor sentiment around silver and other precious metals is being buoyed by expectations of a near-term Federal Reserve interest rate cut. 
With inflation data aligning with a broader disinflationary trend, market odds currently point to a 49% chance of a 50-basis-point cut during next week's Fed meeting, with the remaining expectations on a 25-basis-point cut, as per CME FedWatch. 
Falling Treasury yields and a weaker dollar have further supported precious metals. 
Gold prices have soared to fresh all-time highs, surpassing $2,560/oz., with silver rallying alongside, notching five consecutive positive trading days this week—its longest winning streak since July.
<h3 class="wp-block-heading">Top-Performing Miners</h3>
Silver mining stocks have outpaced the metal itself, with some posting massive gains. Here are the five top-performing miners this week:
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Name</td>
<td>Price Chg. % (5D)</td>
</tr>
<tr>
<td>Coeur Mining, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CDE#NYSE">CDE</a>)</td>
<td>37.22%</td>
</tr>
<tr>
<td>Gatos Silver, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GATO#NYSE">GATO</a>)</td>
<td>33.87%</td>
</tr>
<tr>
<td>Hycroft Mining Holding Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HYMC#NASDAQ">HYMC</a>)</td>
<td>28.16%</td>
</tr>
<tr>
<td>Hecla Mining Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HL#NYSE">HL</a>)</td>
<td>25.05%</td>
</tr>
<tr>
<td>AYA Gold &amp; Silver Inc. (OTCPK: AYASF)</td>
<td>22.94%</td>
</tr>
</tbody>
</table>
</figure>
Image: Shutterstock

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Silver Miner ETFs Notch Best Week Since April 2020 As Rate-Cut Bets Boost Precious Metals: 5 Stocks Surge Over 20% This Week

At midday on Thursday, Wall Street was showing slight gains, with small caps leading the charge. The Russell 2000 index surged 1.2%, outperforming large-cap indices <a href="https://www.benzinga.com/news/small-cap">in a notable rebound.</a>
The session kicked off with the release of the August Producer Price Index (PPI), which revealed mixed inflation data, following a slightly hotter-than-expected underlying consumer inflation picture a day earlier. 
However, the PPI report had little impact on market expectations surrounding future Federal Reserve rate cuts, with traders fully pricing in a reduction in the fed funds rate next week.
See Also: <a href="https://www.benzinga.com/markets/equities/24/09/40700320/jpmorgan-warns-anticipated-rate-cuts-may-not-significantly-boost-stock-markets-fed-will-start-ea">JPMorgan Warns Anticipated Rate Cuts May Not Significantly Boost Stock Markets</a>
Meanwhile, jobless claims remained largely unchanged from the previous week and in line with forecasts, suggesting stability in the labor market. 
Also in line with market expectations, the European Central Bank (ECB) also announced a 25-basis-point cut to the deposit facility rate, lowering it to 3.5%.
The macroeconomic backdrop provided a tailwind for commodities. Gold hit a new all-time high, up 1.7% surpassing $2,550 per ounce, <a href="https://www.benzinga.com/markets/equities/24/09/40838414/gold-miners-eye-best-1-day-rally-in-6-months-as-gold-hits-fresh-record-highs-todays-environment-">boosting mining stocks. </a>
The VanEck Gold Miners ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GDX#NYSE">GDX</a>) surged 4.3% by midday, marking its strongest session since early March 2024.
Silver prices also saw a strong uptick, rallying 3.8%, which pushed the Global X Silver Miners ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SIL#NYSE">SIL</a>) up by more than 5%, positioning it for its best session since December 2023.
Across the broader commodities complex, oil prices climbed 2.4%, while natural gas spiked 4.5%.
In the cryptocurrency market, Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) was up 1.1%, rebounding after Wednesday&#8217;s slight dip. 
<h3 class="wp-block-heading">Thursday&#8217;s Performance In Major US Indices, ETFs</h3>
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Major Indices</td>
<td>Price</td>
<td>1-day %chg</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>2,132.34</td>
<td>1.2%</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>19,340.93</td>
<td>0.5%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>5,572.48</td>
<td>0.3%</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>40,928.03</td>
<td>0.2%</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption">Updated at 12:45 p.m. ET</figcaption></figure>
According to <a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent091224&amp;t=be2bearmibe3na1">Benzinga Pro</a> data: 
<ul>
<li>The&nbsp;SPDR S&amp;P 500 ETF Trust&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>)&nbsp;was 0.4% higher to $557.23.</li>
<li>The&nbsp;SPDR Dow Jones Industrial Average&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIA#NYSE">DIA</a>)&nbsp;rose 0.3% to $410.61.</li>
<li>The tech-heavy Invesco QQQ Trust Series (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) rose 0.6% to $471.53.</li>
<li>The iShares Russell 2000 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IWM#NYSE">IWM</a>) rallied 1.3% to $211.46.</li>
<li>The Communication Services Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLC#NYSE">XLC</a>) outperformed, up 1.3%. The Real Estate Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLRE#NYSE">XLRE</a>) was the laggard, down 0.5%.</li>
</ul>
<h3 class="wp-block-heading">Thursday&#8217;s Stock Movers</h3>
<ul>
<li>Newmont Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NEM#NYSE">NEM</a>) soared 4.5% after BNP Paribas raised the price target from $58 to $65. </li>
<li>Moderna Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRNA#NASDAQ">MRNA</a>) plunged over 14% after announcing plans to cut annual R&amp;D spending by approximately $1.1 billion starting in 2027, citing &#8220;recent commercial challenges.&#8221; The company now projects its 2025 revenue to range between $2.5 billion and $3.5 billion, below analyst expectations of $3.9 billion. </li>
<li>Medical Properties Trust, Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MPW#NYSE">MPW</a>) rallied by over 17%, fter the medical REIT disclosed a global settlement with tenant&nbsp;Steward Health Care System, its secured lenders, and the&nbsp;Unsecured Creditors Committee.</li>
<li>Micron Technology Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MU#NASDAQ">MU</a>) fell by about 3.5% after&nbsp;Raymond James&nbsp;lowered its price target on the&nbsp;stock from $160 to $125.</li>
</ul>
Now Read:
<ul>
<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/09/40823561/this-under-the-radar-defensive-ai-sector-quietly-outperforms-all-others-despite-rec">This Under-The-Radar Defensive AI Sector Quietly Outperforms All Others, Despite Receiving &#8216;No Love&#8217; From Investors</a></li>
</ul>

Eurozone

SPDR Dow Jones Industrial Average ETF Trust

MRNA

Stocks Edge Up As Producer Inflation Supports Rate Cut Bets, Small Caps, Miners Rally: What's Driving Markets Thursday?

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