Silver
ETFs
were some of the worst performing strategies in the past week ended
Thursday, Dec. 20, as a slew of positive economic data weighed on
silver prices.
The PowerShares DB Silver ETF (NYSEArca:DBS) lost nearly 8.5
percent of value in the past five sessions alone, while the $10.04
billion iShares Silver Trust (NYSEArca:SLV) bled nearly 5 percent
amid hefty daily trading volume of an average of 16.5 million
shares, according to data compiled by IndexUniverse.
The ETFS Physical Silver ETF (NYSEArca:SIVR), and a number of
other precious metals and gold miner funds were also among the
week's bottom performers.
"It's all about the strong economic data we've been seeing in
the U.S.," HardAssetsInvestor analyst Sumit Roy told IndexUniverse,
pointing to U.S. home sales-which in November grew at the
fastest pace in three years-as well as an uptick in U.S. third
quarter GDP, which grew 3.1 percent.
"These strong figures are fueling speculation that the Federal
Reserve could end its ongoing stimulus programs earlier than
expected, and that's bearish for silver," he said.
On the flip side, the Global X Uranium ETF (NYSEArca:URA) was
the single best-performing fund of the week, tagging gains of 11.24
percent.
The $136-million fund also was one of the most heavily traded
among the week's top-10 performers, with more than 1.76 million
shares trading hands in five days.
Other energy-related funds also performed well, including the
Market Vectors Uranium + Nuclear Energy ETF (NYSEArca:NLR), which
rose 6.4 percent in the period, and the iShares S&P Global
Clean Energy Index Fund (NYSEArca:ICLN), which gained 6.3
percent.
A pair of single-country Market Vectors strategies-the the
Market Vectors Egypt ETF (NYSEArca:EGPT) and the Market Vectors
China ETF (NYSEArca:PEK)-took the No. 2 and No. 3 spots in the top
performers ranking, each rallying around 7 percent.
The gains came as the Dow Jones industrial average tagged on 141
points, or roughly 1 percent, in the week.
Top 10 Weekly Performers, Excluding Leverage/Inverse
Funds and 'lt;1,000 Shares Traded
| Ticker |
Name |
Weekly Performance |
Weekly Volume |
AUM ($, mm) |
| URA |
Global X Uranium |
11.24% |
1,762,866 |
135.95 |
| EGPT |
Market Vectors Egypt |
7.01% |
399,990 |
39.84 |
| PEK |
Market Vectors China |
6.73% |
282,966 |
28.14 |
| IAI |
iShares Dow Jones U.S. Broker-Dealers |
6.53% |
123,887 |
44.36 |
| PSTL |
PowerShares Global Steel |
6.40% |
6,950 |
2.20 |
| NLR |
Market Vectors Uranium + Nuclear Energy |
6.39% |
174,819 |
83.11 |
| ICLN |
iShares S&P Global Clean Energy |
6.26% |
91,649 |
27.23 |
| SLX |
Market Vectors Steel |
6.22% |
521,594 |
155.58 |
| KBWC |
PowerShares KBW Capital Markets |
5.88% |
52,900 |
1.70 |
| GRN |
iPath Global Carbon ETN |
5.64% |
2,820 |
1.05 |
Bottom 10 Weekly Performers, Excluding Leverage/Inverse
Funds and 'lt;1,000 Shares Traded
| Ticker |
Name |
Weekly Performance |
Weekly Volume |
AUM ($, mm) |
| DBS |
PowerShares DB Silver |
-8.46% |
76,485 |
61.16 |
| SLV |
iShares Silver Trust |
-4.81% |
82,181,801 |
10,047.71 |
| SIVR |
ETFS Physical Silver |
-4.81% |
1,419,468 |
572.88 |
| SOYB |
Teucrium Soybeans |
-4.48% |
52,218 |
6.73 |
| JJP |
iPath Dow Jones-UBS Precious Metals Total Return ETN |
-4.35% |
15,896 |
40.37 |
| PGM |
iPath Dow Jones-UBS Platinum Total Return ETN |
-4.26% |
51,837 |
26.95 |
| GLDX |
Global X Gold Explorers |
-4.21% |
419,036 |
38.22 |
| DBP |
PowerShares DB Precious Metals |
-4.14% |
254,949 |
358.78 |
| GDXJ |
Market Vectors Junior Gold Miners |
-4.11% |
16,678,723 |
2,626.82 |
| NIB |
iPath Dow Jones-UBS Cocoa Total Return ETN |
-4.06% |
61,645 |
30.71 |
Disclaimer:All data as of 6 a.m. Eastern time the date the
article is published. Data is believed to be accurate; however,
transient market data is often subject to subsequent revision and
correction by the exchanges.
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