An 11% drop in Amplify Junior Silver Miners ETF highlights leveraged losses as silver falls 7% on stronger-than-expected jobs data.
The Amplify Junior Silver Miners ETF (SILJ) fell 11% on June 5, 2026, to $26.36, erasing $1,100 from a $10,000 position as silver declined 7%. The drop followed a stronger-than-expected May payrolls report of 172,000 jobs, pushing 2-year Treasury yields to a 16-month high of 4.16%.
SILJ had already retreated 15% over the prior week and matched that loss for the month. While year-to-date returns remain down 5%, the fund’s one-year performance stands at +77%. Junior miners, operating near break-even costs, amplify silver’s moves due to compressed margins.
Higher real yields, a historical headwind for non-yielding metals, drove the sell-off. The 10-year Treasury yield reached 4.47%, near the top of its 12-month range, while the dollar index climbed 0.65% on the session.