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Yahoo
2 days ago
- Business
- Yahoo
ETFs Riding High on Multi-Year Record Silver Prices
Silver soared to its highest level in more than a decade, topping $35.90 per ounce — a level not seen since February 2012. The rally comes amid a weakening U.S. dollar, heightened global trade uncertainty and rising interest in precious metals as geopolitical and economic hedges. Silver has risen 24% so far this miners also spiked, as they are the biggest beneficiaries of a surge in silver prices. These act as leveraged plays on underlying metal prices and thus tend to experience more gains than their bullion cousins in a rising metal market. Investors seeking to tap the rally could consider ETFs like iShares Silver Trust SLV, abrdn Physical Silver Shares ETF SIVR, Global X Silver Miners ETF SIL, ETFMG Prime Junior Silver ETF SILJ and iShares MSCI Global Silver and Metals Miners ETF SLVP. The silver surge mirrors the recent rally in gold, with both precious metals benefiting from investor anxiety surrounding President Trump's evolving tariff agenda. Silver futures for July delivery jumped more than 4% on Thursday, riding a wave of momentum that analysts say has been building for months. 'The breakout has been brewing for a while,' said Maria Smirnova, CIO at Sprott Asset Management. 'Silver had attempted to breach the $35 threshold several times recently. This move is technically significant and could ignite a wave of physical buying that accelerates the rally.' A major tailwind for silver is the sustained supply deficit in recent years. The silver market is heading for the fifth year of deficit, driven largely by surging industrial demand, particularly from the green energy and electronics sectors. Per the Silver Institute industry association, total silver demand is expected to reach 1.148 billion ounces this year, while supply is forecast at just 1.030 billion ounces. Silver is often used to preserve wealth during times of financial and political uncertainty and usually does well when other asset classes struggle. Geopolitical tensions and ongoing uncertainty over the Trump administration's trade policies enhance the metal's attractiveness among investors (read: Tap Income ETFs Amid Trump Tariffs' Legal Trouble). Silver is benefiting from its dual role as both an investment asset and an industrial metal. The white metal is used in a wide range of industrial applications. About half of the metal's total demand comes from industrial applications, while 30% comes from jewelry/silverware/coins and medal manufacturers. Additionally, the global push for green energy, increasing demand in areas like 5G, a rebound in global computer shipments, the photovoltaics (PV) and automotive industries and new sources of demand for sensors used in IoT and OLED lighting will continue to boost silver demand. Silver is largely used for manufacturing solar panels and electric vehicles, and will play a key role in the shift to 5G wireless network technology. The gold-to-silver ratio has tightened sharply from around 105 in April to approximately 94 by early June, indicating silver is outperforming gold. Since gold has also seen strong inflows (up 29% year to date), this shift added fuel to silver ETF flows (read: Gold Eyes Best Week in a Month: Will ETFs Sustain the Rally?). Another crucial factor behind silver's rally is the weakness in the U.S. dollar. The dollar index has declined steadily over recent weeks, driven by growing concerns over America's fiscal trajectory. President Trump's newly passed tax bill, which raises the debt ceiling by $4 trillion, has added to investor anxiety over ballooning federal deficits. As the greenback loses value, dollar-denominated assets like silver have become more attractive to foreign have discussed the abovementioned ETFs here:iShares Silver Trust (SLV) iShares Silver Trust offers exposure to the day-to-day movement of the price of silver bullion. It is an ultra-popular silver ETF, with an AUM of $16 billion and a heavy volume of 15 million shares a day. It charges 50 bps in fees per year from Physical Silver Shares ETF (SIVR) abrdn Physical Silver Shares ETF tracks the performance of the price of silver less the Trust expenses. It has an AUM of $1.8 billion and trades in a good volume of around 628,000 shares per day on average. SIVR has an expense ratio of 0.30%.Global X Silver Miners ETF (SIL) Global X Silver Miners ETF provides investors access to a broad range of silver mining companies by tracking the Solactive Global Silver Miners Total Return Index. It holds 40 stocks in its basket with a double-digit concentration on the top two firms. Global X Silver Miners ETF has managed assets worth $1.7 billion and trades in a good volume of about 1.4 million shares a day. It charges 65 bps in annual Prime Junior Silver ETF (SILJ)ETFMG Prime Junior Silver ETF is the first ETF to target small-cap silver miners. It provides direct exposure to the small-cap silver mining exploration and production industry by tracking the Prime Junior Silver Miners & Explorers Index. ETFMG Prime Junior Silver ETF holds 56 stocks in its basket, with Canadian firms taking the lion's share at 57%, while the United States takes 18% exposure. It has managed assets worth $1.3 billion and trades in a good volume of nearly 3 million shares a day. It charges 69 bps in annual fees (see: all the Materials ETFs here).iShares MSCI Global Silver and Metals Miners ETF (SLVP)iShares MSCI Global Silver and Metals Miners ETF follows the MSCI ACWI Select Silver Miners Investable Market Index, providing investors exposure to companies that derive the majority of their revenues from silver exploration or metals mining. It holds 30 stocks in its basket, with Canadian firms making up the lion's share at 69.1%, while the United States and Mexico round off the next spots. iShares MSCI Global Silver and Metals Miners ETF has AUM of $285.7 million and an average daily volume of about 189,000 shares. It charges 39 bps in annual fees. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report iShares Silver Trust (SLV): ETF Research Reports abrdn Physical Silver Shares ETF (SIVR): ETF Research Reports Global X Silver Miners ETF (SIL): ETF Research Reports Amplify Junior Silver Miners ETF (SILJ): ETF Research Reports iShares MSCI Global Silver and Metals Miners ETF (SLVP): ETF Research Reports This article originally published on Zacks Investment Research ( Zacks Investment Research Sign in to access your portfolio
Yahoo
3 days ago
- Business
- Yahoo
Silver prices hit 13-year high as dollar weakens amid tariff uncertainty: 'The breakout has been brewing'
Silver (SI=F) prices surged to 13-year highs on Thursday, breaking above $35 per ounce amid uncertainty over President Trump's tariff policy and the continued decline of the US dollar. Spot silver rose to climb above $35.90, its highest level since February 2012, while futures for July delivery (SI=F) jumped more than 4% to hover above $36 per troy ounce. The move follows a recent resurgence in gold (GC=F) prices, which have been driven by trade policy uncertainty and continued central bank demand buying. "The breakout has been brewing for a while," Maria Smirnova, senior portfolio manager and chief investment officer at Sprott Asset Management, told Yahoo Finance on Thursday. "Silver had attempted to break through the $35 level a couple of times in recent months, so this is highly significant." "Furthermore, if the technical move catalyzes physical investor buying, it can take silver much higher very quickly," she added. The market for silver, sitting just above an estimated $2 trillion, is much smaller than gold's more than $22 trillion. That makes the volatility in silver prices up to two to three times greater than that of gold. Read more: How to invest in gold in 4 steps The precious metal also has industrial uses, from electronics to automobile components to solar panels, making prices susceptible to any imbalance between supply and demand as the US moves to increase domestic manufacturing. "We have been talking for a while about the supply/demand deficits in silver, since 2021 there has been a cumulative 800m oz draw and the deficits are projected to continue. Silver has a very positive investment case right now," Smirnova said. A falling US dollar index ( has also sent the price of silver lower, given the inverse correlation between the greenback and precious metals. The greenback has been under pressure in recent weeks amid weariness over increased fiscal US spending as capital shifts toward currencies and stocks abroad. Trump's proposed tax bill, which is said to raise the debt ceiling by $4 trillion, passed the House last month. Year to date, silver is up more than 23%. Gold has risen 29% over the same period. To be sure, StoneX head of market analysis Rhona O'Connell pointed out that silver is "notoriously volatile and it is fully capable of dropping" as sharply as it rises. "This is not necessarily a false move," O'Connell said, "but it is now heavily overbought and should, as always when silver does this sort of thing, be treated with caution." Ines Ferre is a senior business reporter for Yahoo Finance. Follow her on X at @ines_ferre. Click here for in-depth analysis of the latest stock market news and events moving stock prices
Yahoo
21-05-2025
- Business
- Yahoo
Sprott's COPP ETF to Add Physical Copper Exposure in June
Sprott Asset Management will add physical copper to its Sprott Copper Miners ETF (COPP) effective June 23, creating the market's only ETF offering exposure to both physical copper and copper-mining companies, according to a company announcement Wednesday. The addition of physical copper to COPP gives investors a more complete exposure to the copper market, combining both the metal itself and mining companies at a time when infrastructure spending continues driving demand for the industrial metal. The change comes through a modification to the ETF's underlying benchmark, the Nasdaq Sprott Copper Miners Index, which already tracks companies focused on copper mining, exploration, development and production, according to the press release from Sprott. COPP currently holds about $24.1 million in assets under management with a 0.65% expense ratio, according to FactSet data. The fund has attracted roughly $667,000 in net inflows over the past three months and $4.5 million over the past year. The ETF has posted an 11.9% gain over the past month, though it remains down 5% over the three-month period and 0.8% year-to-date, according to FactSet. Major holdings currently include Freeport-McMoRan, Inc. (FCX) at 23.6% of the portfolio, Teck Resources Ltd. at 8.7% and Ivanhoe Mines Ltd. at 7.2%. "This change will make COPP the only ETF to provide exposure to physical copper and the only ETF to provide pure-play exposure to large-, mid- and small-cap copper miners," the company stated in its announcement. The fund is part of Sprott's family of critical materials and precious metals ETFs, which includes the Sprott Uranium Miners ETF (URNM), the Sprott Junior Uranium Miners ETF (URNJ), the Sprott Gold Miners ETF (SGDM), the Sprott Junior Gold Miners ETF (SGDJ) and the Sprott Silver Miners & Physical Silver ETF (SLVR), according to the company's announcement. Sprott currently also offers the Sprott Junior Copper Miners ETF (COPJ), which focuses on mid- and small-cap companies in the copper industry, according to the | © Copyright 2025 All rights reserved Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
News.com.au
30-04-2025
- Business
- News.com.au
The stocks to watch in the ASX's emerging silver sector
Silver prices have failed to keep up with cousin gold in 2025 But massive deficits suggest higher prices will come eventually to boost a new class of emerging producers Kristie Batten breaks down the key contenders at various stages on the ASX Often dubbed gold's poor cousin, silver has underperformed this year, leaving market participants scratching their heads. After being one of the stronger commodity performers in 2024, silver has largely sat on the sidelines as gold has hit record after record. At its current price of ~US$32.50 an ounce, silver remains well below its 2011 high of US$50/oz. 'It's hard to find a commodity that is still so far off its last high and silver is one that, to us, feels like it needs a big catch-up trade here,' Sprott Asset Management CEO John Ciampaglia told the Bloor St Virtual Silver Conference on Friday. 'It is incredibly frustrating for us and our investors that silver is just not catching more of a bid.' The gold to silver ratio, which is the number of silver ounces relative to one ounce of gold, surged to as high as 105 this month and remains at around 100. 'That is about as extreme as I can ever remember seeing it. Even at 80, it's considered extreme, so 100 is really off the charts,' Ciampaglia said. 'It really does reflect one, gold's incredible run, and two, silver just not participating to the same degree.' The global market for silver exchange-traded funds is about one tenth the size of gold, though Ciampaglia said the difference in inflows so far this year had also shocked him. By Sprott's numbers, about US$25 billion has flowed into gold ETFs this year, compared to just US$500 million for silver. 'Right now, we need more investors participating in silver to give it a boost,' Ciampaglia said. More like copper Ciampaglia described silver as a chameleon or a hybrid metal – both a monetary metal and an industrial metal. 'When the economy is under stress, or there's uncertainty about the economy, you find that silver starts trading more like copper, which is obviously a key industrial metal,' Ciampaglia said. 'Right now, it seems to be more heavily influenced on the industrial side, as opposed to the investment side.' Sprott Asset Management chief investment officer Maria Smirnova said the industrial demand for silver was surging. 'But what silver doesn't have is the buying from central banks. As you know, gold has been gobbled up in the last three years by central banks, over 1000 tonnes per year,' she said. 'Silver is not being accumulated by central banks, so I think that kind of has hurt silver also. 'I think if people are expecting a slowdown in the economy, specifically because of all the tariffs that are being announced, the perception would be to hurt silver as well, because again, it is used in industry.' Silver posted its fourth consecutive deficit in 2024 of almost 150 million ounces and is expected to be in deficit again this year. 'This is a market where we only produce 1 billion ounces per year, so that's between 10% and 20% we're short every year now. That's a lot of ounces to find,' Smirnova said. 'Over the last 10 years, we have not increased silver production – in fact, if anything, we have lost about 50Moz per year of production. 'There's been a lack of exploration and development in the silver market, reserve grades and production grades have been declining, so we have to find bigger orebodies and invest more money to develop these deposits.' ASX silver exposure There are plenty of Toronto-listed silver producers, but Ciampaglia noted that it could still be difficult to get exposure. 'The challenge is that there aren't many left of the silver miners, even though they might have silver in their company name, they are actually gold miners in disguise, and it's increasingly hard to get pure play silver exposure,' he said. While producers are scarce, the number of primary silver companies on the ASX has increased in line with the rise in price last year. The only producer right now is Adriatic Metals (ASX:ADT), which should be declaring commercial production from its Vares operation in Bosnia and Herzegovina any day now after it produced 1.4Moz of silver equivalent in the March quarter and generated positive cashflow. Soon to join Adriatic is Broken Hill Mines, which has acquired the Rasp mine and Pinnacles project in Broken Hill and is raising up to $20 million via a reverse takeover of Coolabah Metals (ASX:CBH). While Broken Hill is known for zinc and lead mining, BHM expects more than 50% of its revenue to come from silver, making it the dominant contributor. Yesterday, Boab Metals (ASX:BML) potentially jumped to the front of the production queue with the $10 million acquisition of Sandfire Resources' (ASX:SFR) DeGrussa plant for use at the Sorby Hills lead-silver project in Western Australia. The latest capital cost for the project was $264 million, including $136 million for a new plant. The company is planning to make a final investment decision later this year. Silver Mines (ASX:SVL) boasts Australia's largest undeveloped silver project, Bowdens in New South Wales, which has reserves of 72Moz. The company is advancing permitting for the $331 million project, which is expected to produce an average of 4.2Moz of silver per annum at 83 grams per tonne at all-in sustaining costs of less than $23/oz in the first 10 years of a 16.5-year mine life. Maronan Metals (ASX:MMA) should have a resource update and scoping study out for its namesake lead-silver project in Queensland in the coming months. Maronan has a resource of 32.1 million tonnes at 6.1% lead and 107g/t silver for 1.96Mt of contained lead and 110.6Moz of silver. Growing resources Sun Silver (ASX:SS1) holds the largest silver resource on the ASX of 480Moz AgEq at 68.29g/t AgEq at its Maverick Springs project in Nevada. Earlier this week, Sun kicked off its 2025 drilling program with the aim of building on the existing resource, as well as providing samples for metallurgical testing. In Chile, Andean Silver (ASX:ASL) has a high-grade resource of 9.8Mt at 353g/t AgEq for 111Moz of AgEq, as well as US$150 million worth of infrastructure, at its Cerro Bayo project. The company currently has three drill rigs spinning. In nearby Argentina, Unico Silver (ASX:USL) has a resource of 16.47Mt at 172g/t AgEq for 91.3Moz AgEq at its Cerro Leon project, as well as a non-JORC historical resource of 16.7Mt at 136g/t AgEq for 73.4Moz AgEq at the Joaquin project. The first drilling program at Joaquin is underway. To the north in Mexico, Mithril Silver and Gold (ASX:MTH) has two rigs working at the Copalquin project in Mexico. The company has the aim of doubling the existing resource of 2.4Mt at 4.8g/t gold and 141g/t silver for 373,000oz of gold and 10.9Moz silver in an update to be released later this year. Argent Minerals (ASX:ARD) completed a drilling program at its Kempfield project in NSW during the March quarter, extending mineralisation outside the resource. Kempfield has a resource of 63.7Mt at 69.75 g/t AgEq for 142.8Moz of AgEq. Earlier stage options Shares in Errawarra Resources (ASX:ERW) spiked in late March when it announced the acquisition of 70% of the Elizabeth Hill silver project and surrounding tenements in the Pilbara region of WA. While Elizabeth Hill doesn't have a resource, it produced 1.2Moz of silver at a head grade of 2194g/t silver in just one year, though it closed in 2000 due to a weak silver price. Errawarra, which is planning to change its name to West Coast Silver, raised $3 million and has already kicked off field work at Elizabeth Hill. The work underway will pave the way for the first drilling program, which is expected to begin later this quarter. In Queensland, Iltani Resources doesn't yet have a resource for its Orient silver-indium project, but it's currently working towards that goal. The company has announced an exploration target of 99-135Mt at 61-73g/t AgEq, including a high-grade core of 32-42Mt at 110-124g/t AgEq. Iltani recently resumed drilling at Orient following the end of the wet season.
Yahoo
25-04-2025
- Business
- Yahoo
Denison Mines Corp. (DNN): Among the Best Uranium Stocks to Invest in According to Analysts
We recently published a list of . In this article, we are going to take a look at where Denison Mines Corp. (NYSEAMERICAN:DNN) stands against other uranium stocks to invest in. Nuclear power is making a notable comeback. More than 20 countries pledged to triple nuclear energy by 2050 at the COP28 summit. Nuclear power is considered crucial for lowering emissions, and it is gaining support from both environmental advocates and US national security interests, though for different motivations. Big tech companies are also getting involved as they hunt for more energy to power massive data centers. Uranium is not presently categorized as a 'critical mineral' by the US Geological Survey (USGS) because it is classified as a fuel mineral. However, President Trump is pushing for its inclusion in the list, which would gather federal support and speed up project approvals. This seems like a sensible play on Trump's part, as demand for uranium is climbing, and the US relies almost entirely on imports, with most of the world's supply originating from a handful of countries. Uranium prices were at a 16-year high in 2023 and, while they have dipped marginally, they remain higher than at any time since Fukushima in 2011. In December 2024, John Ciampaglia, CEO of Sprott Asset Management, told CNBC that the uranium industry had been on life support for nearly a decade after Fukushima, and there needed to be better supply discipline in the market. Uranium producers need to ensure that future supply matches demand. He noted that three factors supported the industry – first, the growing electrification in China, India, and other developing countries, secondly, energy security and decarbonization are putting the focus back on nuclear fuel as an energy source, and third, tech companies are now investing in the development of small modular reactors. He also commented on uranium spot and market prices, which are gradually moving upward. He believes uranium prices need to go higher to incentivize chemical producers and miners to increase production and build new mines, which is critical to developing uranium as a reliable electricity fuel in the coming decades. Current supply shortages, higher long-term prices, and forecasts for record nuclear energy production in 2025 all point to a positive future. With that industry outlook in mind, let's take a look at the best uranium stocks to buy according to analysts. An open pit mine with a large yellow excavator machine with tailings visible in the background, illustrating the uranium extraction process. For this article, we searched credible websites and compiled an extensive list of US-listed uranium stocks. Next, we manually searched for the average upside potential of each stock and selected 12 stocks with the highest values. The list below is ranked in ascending order of the upside potential as of April 19. We have also mentioned the hedge fund sentiment as of Q4 2024. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter's strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (). Number of Hedge Fund Holders: 31 Average Upside Potential: 100.72% Denison Mines Corp. (NYSEAMERICAN:DNN) ranks 7th on our list of the best uranium stocks, with an average upside potential of 100%. DNN is a Canadian uranium exploration and development company. It holds a majority ownership stake in the Wheeler River project in northern Saskatchewan's Athabasca Basin. On April 4, investment advisory Desjardins started coverage of Denison Mines Corp. (NYSEAMERICAN:DNN) with a Buy rating and a price target of C$4. Analyst Bryce Adams from Desjardins highlighted Denison Mines' 95% ownership of the Wheeler River project, which is nearing the end of permitting and is expected to begin construction in early 2026. He sees minimal financial risk, despite a C$275 million funding gap, due to Denison's strong market position. In late 2024, Denison Mines Corp. (NYSEAMERICAN:DNN) made a deal with Cosa Resources, giving Cosa a 70% interest in three of its uranium properties in Saskatchewan's eastern Athabasca Basin. In exchange, Denison received about 14.2 million Cosa shares, $2.25 million in deferred equity, and a $6.5 million commitment from Cosa to fund exploration on the sites. The deal closed in January 2025, making Denison Cosa's largest shareholder with just under 20% ownership, and the two companies have now partnered on three uranium exploration joint ventures. According to Insider Monkey's fourth quarter database, 31 hedge funds were bullish on Denison Mines Corp. (NYSEAMERICAN:DNN), compared to 23 funds in the prior quarter. Hood River Capital Management was the largest stakeholder of the company, with 26.6 million shares worth nearly $48 million. Overall, DNN ranks 7th among the best uranium stocks to invest in according to analysts. While we acknowledge the potential of DNN as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than DNN but that trades at less than 5 times its earnings, check out our report about this . READ NEXT: and . Disclosure: None. This article is originally published at Insider Monkey.
