Stocks surged as U.S. jobs report boosted major indexes to multi-month highs. Silver, critical materials, gold, and Bitcoin miners ETFs performed well.
An unusual surge in call options in early June suggests heightened investor optimism and speculative interest across multiple silver-related stocks and ETFs.
U.S. sanctions and Trump’s tariffs are forcing global central banks to ditch U.S. treasuries for gold, the dollar is entering a structural decline, and a coming economic slowdown could pull the S&P 500 down to the low 4,000s.
Despite the broad-based decline, a few corners of the stock market have outperformed. Here are five top-performing ETFs from different industries that were the leaders in March.
Gold and Silver had a strong week while the miners showed less strength. We see a bit more strength before metals and miners retreat from resistance again.
As we head into a period of heightened market uncertainty, these assets maintain solid technical foundations, presenting attractive prospects for investors with a steady, long-term outlook.
Gold and Silver closed the week higher by 1% and 1.6% but the mining stocks declined, led by Newmont. GDX lost 3.7% on the week while GDXJ lost 2% and SILJ 1%. Silver was sold hard after it reached resistance at $35.
Gold cleared $2700 on Thursday to a new all-time high and Silver and the gold stocks exploded higher to close the week. Gold is on track for $3000 and Silver now has a potential target of $38.
Gold, Silver and the miners closed the week mixed after Monday, which was a strong monthly and quarterly close for the sector. We review the near-term outlook for Gold, Silver & the miner ETFs.
Following the surge of the previous week, Gold, Silver and gold stocks gained 1% to 1.5% on the week. Precious Metals declined after the Fed rate cut on Wednesday but closed the week strong.
