Quick Read – SLVR fell 12% Friday and is down 17% for the week, but early buyers still hold a 434% gain from the 2021 trough. – AG shed 14% and PAAS fell 10%, roughly double silver’s decline, as operating leverage amplifies small metal price moves into outsized earnings swings….
May payrolls crushed at 172,000 versus an 80,000 estimate, spiking the 2-year Treasury to a 16-month high and putting precious metals under sustained rate pressure. – Act now: the analyst who called NVIDIA in 2010 just named his top 10 AI stocks — and Sprott Funds Trust Sprott Silver Miners & Physical Silver ETF didn’t make the cut. Grab the names FREE today
If you owned Sprott Silver Miners & Physical Silver ETF (NASDAQ:SLVR) into the close on Friday, you watched a $10,000 position turn into roughly $8,815 in a single session. The fund opened the day at $59.48 and closed at $52.43, a -12% day that the headlines rounded up to 12%. Stretch the lens out a week and it gets worse.
SLVR has lost 17% since May 29. The same $10,000, held through the week, is now closer to $8,347. The good news, if you want to call it that, is that the longer arithmetic still flatters anyone who owned this thing early.