ASX Weekly ETF Gainers Include Silver, Uranium and Gold Miners

The ASX witnessed a resurgence in Exchange-Traded Funds (ETFs) with exposure to commodities, underscoring the divergence between the prices of physical silver and gold miners.

Rising Interest in Silver

ETF investors have displayed a renewed affinity for silver, as the silver price in Australian dollars touched A$42.86, up from A$35.16 at the start of the year.

While retail investors piled into ETFs holding gold miners given unprecedented highs in gold prices.

Although interestingly, this has not translated into buying ASX-traded gold companies across the board. However, there are notable exceptions and the gap is likely to be closed soon.

The allure of gold as a potential safe-haven asset during times of market uncertainty has fueled this resurgence in ETF buying.

Uranium – are we in the midst of a massive bull market?

Demand for uranium has been across the board as ETFs with an exposure to the yellow cake have continued to surge.

Assisting the cause, the EU says small modular reactor deployment can help cut emissions by 90% by 2040.

In a statement, it said:

“Small modular reactors should help the EU to bring greenhouse gas emissions 90% below 1990 levels by 2040.”

It is difficult to see what factors could curtail ongoing demand for uranium stocks and ETFs.

Demand for ASX uranium stocks has seen investors pour more funds into uranium explorers and developers.

ASX Weekly ETF Gainers

1. Global X Physical Silver (ASX: ETPMAG) +8.3%

2. Betashares Global Gold Miners Currency Hedged ETF (ASX: MNRS) +6.9%

3. Betashares Global Uranium ETF (ASX: URNM) +6.6%

4. VanEck Gold Miners ETF (ASX: GDX) +6.6%

5. Global X Green Metal Miners ETF (ASX: GMTL) +5.7%

 

While the extreme volatility of Bitcoin prices, saw last week’s crypto currency gainers reverse course.

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