Weekly ETF Returns: Mining ETFs Surge
SAN FRANCISCO (Aug 18) Precious metals ETFs regained their shine this week on the strength of an uptick in gold and silver prices.
The S&P 500 jumped 36.16 points, or less than 1 percent, during that same five-day period, closing at 1,661.32.
The PureFunds ISE Junior Silver (Small Cap Miners/Explorers) (NYSEArca: SILJ), the Global X Silver Miners (NYSEArca: SIL) and the Market Vectors Junior Gold Miners (NYSEArca: GDXJ) gained 27.3 percent, 25.8 percent and 25.3 percent, respectively, last week.
Gold bullion prices rose more than 4 percent for the week and have been steadily rising, hitting $1,367 an ounce on Friday. Outperforming gold, though, was silver, which soared nearly 14 percent, according to HardAssetsInvestor.com.
On the other end of the spectrum, iShares U.S. Home Construction (NYSEArca: ITB) dropped 2.71 percent on fears of rising interest rates from jittery investors.
Top 10 Weekly Performers, Excluding Leverage/Inverse Funds and <1,000 Shares Traded
|Ticker||Name||Weekly Performance||Weekly Volume||AUM ($, mm)|
|SILJ||PureFunds ISE Junior Silver (Small Cap Miners/Explorers)||27.29%||9,655||1.99|
|SIL||Global X Silver Miners||25.83%||2,038,454||256.89|
|GDXJ||Market Vectors Junior Gold Miners||25.30%||8,543,190||1,670.35|
|GLDX||Global X Gold Explorers||22.38%||359,247||35.88|
|SLVP||iShares MSCI Global Silver Miners||21.65%||130,481||7.30|
|GGGG||Global X PURE Gold Miners||19.85%||20,667||3.98|
|GDX||Market Vectors Gold Miners||19.53%||252,196,255||7,385.67|
|RING||iShares MSCI Global Gold Miners||17.81%||362,099||39.50|
|PSAU||PowerShares Global Gold and Precious Metals||17.28%||70,232||21.74|
|JUNR||Global X Junior Miners ETF||17.10%||17,019||5.26|