51.22 F
April 18, 2024
PI Global Investments
Precious Metals

Precious Metals ETFs Move Higher. A Price Chart Analysis

Perhaps sensing an inflation comeback — or fear of as an yet specified something — buyers are returning to gold and silver stocks. It’s not exactly a favorite sector among Nasdaq 100-crazed investment managers, so it worth noting how strong these precious metals exchange traded funds have become lately.

With Wall Street mesmerized by the unending hype afforded to artificial intelligence and related equities — NVIDIANVDADIA, AppleAAPL, MicrosoftMSFT — it might be easy to miss the upward trend in the stocks for as boring an industry as gold and silver mining. Someone is definitely purchasing these again and with decent volume.

Precious Metals ETF Price Charts.

The VanEck Vectors Gold Miners ETF consists of 57 of the larger capitalization industry names such as Newmont MiningNEM, Barrick Gold, Agnico Eagle and Gold Fields. Total net assets amount to $13.20 billion. It’s probably the most popular of the gold mining exchange traded funds.

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