Silver Miners’ Shares Surge, Outperformed by Silver Itself
On Monday, silver miners experienced a notable rise in their stock prices, largely fueled by recent increases in silver prices. The precious metal marked its most significant one-day surge since 1985, spurring investor enthusiasm. However, the shares of silver mining companies did not rise as dramatically as silver itself.
Silver Prices and Mining Stocks Performance
The Global X Silver Miners ETF traded at $114.55, reflecting an increase of $2.99 or 2.7% for the day. This uptick set a new all-time closing record for this investment fund. Nevertheless, this gain marked only its largest single-day increase since the previous Thursday, according to recent data from Dow Jones Market Data.
Key Highlights
- Silver prices saw their biggest one-day increase in 38 years.
- Global X Silver Miners ETF reached $114.55, up 2.7%.
- This rise is the largest since Thursday, despite robust gains in silver.
The recent performance suggests that while silver miners are benefiting from higher silver prices, the metal continues to outperform mining stocks. Investors will be closely monitoring both silver prices and mining shares for future trends.
