Metal & Mining ETFs at a 52-Week High: Here's Why
- Rally in Metal and Mining Space: Various mining stocks and ETFs, including silver, gold, copper, and uranium, are near their 52-week highs, with gains ranging from 3.6% to 6%.
- Reason Behind the Rally: The weakening of the greenback due to renewed Fed rate cut hopes has boosted bullion prices, leading to a surge in related mining ETFs.
- Silver Price Surge: Silver prices have risen over 11% this month, hitting an 11-year high, driven by safe-haven demand and industrial uses amid supply concerns.
- Copper Price Rally: Copper reached a record high due to supply shortages, increased demand for renewable energy, and its role in data centers and AI applications.
- Gold Rebound: Gold prices strengthened on expectations of Fed rate cuts, geopolitical tensions, and central banks' increased demand for gold as a reserve asset.
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Analyst Views on UUP

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Dollar Strength: The U.S. dollar has strengthened following the release of payroll data.
Dollar Index Movement: The dollar index increased by 0.2%, recovering from a previous decline of 0.18%.

Bitcoin Price Movement: Bitcoin's price fell over 6% in the last 24 hours, briefly dipping to around $81,000 before rebounding to approximately $82,500, with analysts noting it is trading near a significant level from 2017.
Market Sentiment: Retail sentiment around Bitcoin remains extremely bearish, as indicated by the Fear and Greed Index, which dropped 10 points to reflect "extreme fear" in the market.
Technical Indicators: Analysts suggest that Bitcoin's weekly Relative Strength Index (RSI) is oversold, and the price is below its 200-week moving average, indicating potential support levels for a bullish case.
Comparison with Gold: Matt Cole, CEO of Strive Asset Management, stated that Bitcoin appears cheap compared to gold based on underlying technical signals, emphasizing its potential value amidst current market conditions.

US Dollar Index Movement: The US Dollar Index has increased by 0.7%, reaching a value of 96.55 following recent comments that influenced market sentiment.
Euro Decline: The Euro has continued its downward trend, falling to $1.1937, which represents a decrease of 0.8%.

Silver and Copper ETFs Performance: Silver and copper have outperformed gold, with the iShares Silver Trust gaining approximately 96% and the United States Copper ETF rising about 31.7% in 2025, driven by strong demand and supply constraints.
Market Dynamics and Demand: A significant supply crunch in the silver market, particularly due to high demand from India and industrial applications, has contributed to silver's price surge, while copper's rally is supported by long-term demand for electrification and renewable energy.
Impact of Federal Reserve Policies: The Federal Reserve's potential interest rate cuts could weaken the U.S. dollar, which typically supports the prices of non-yielding assets like silver and copper, as most metals are priced in dollars.
Investment Insights: Zacks Investment Research is offering insights and recommendations for top-performing ETFs and stocks, highlighting the potential for significant returns in 2026 based on historical performance.
- Bitcoin as a Market Indicator: Bitcoin has emerged as a key indicator of market risk sentiment.
- Focal Point in Financial Markets: It is currently one of the main focal points for investors and analysts in the financial markets.
Emerging Market Stocks Performance: Emerging-market stocks have seen their longest winning streak since 2004, with a 29.5% gain this year, driven by strong demand for Asian tech shares and favorable conditions like a weak dollar and Fed rate cuts.
Valuation and Growth Potential: Despite recent gains, emerging markets remain undervalued compared to U.S. stocks, with lower P/E ratios, and are expected to benefit from policy easing and declining consumer-price growth in major economies like China and India.
Chinese Tech Sector Optimism: The Chinese technology sector is experiencing a boom, particularly in AI, with investments making Chinese tech stocks cheaper than their U.S. counterparts, suggesting further growth potential.
Highlighted ETFs: Several emerging market-based ETFs have outperformed the S&P 500 this year, featuring low P/E ratios and solid market values, indicating strong investment opportunities in this sector.






