Silver Miner ETFs Notch Best Week Since April 2020 As Rate-Cut Bets Boost Precious Metals: 5 Stocks Surge Over 20% This Week
Silver Miner ETFs Notch Best Week Since April 2020 As Rate-Cut Bets Boost Precious Metals: 5 Stocks Surge Over 20% This Week
The silver market's supply and demand dynamics are only tightening, pushing prices higher. A Silver Institute survey highlighted a growing supply deficit, with demand expected to outstrip supply by 265 million ounces (oz.) this year, marking the steepest shortage since 2020.Silver mining stocks have recorded their best weekly performance in over four years, with some exchange-traded funds (ETFs) delivering their highest gains since inception.
白银矿业股票创下了超过四年来的最佳周表现，一些交易所交易基金（ETF）实现了创立以来的最高收益。
A perfect storm of rising gold prices, expectations of a Federal Reserve interest rate cut, and a condition of structural global silver supply shortage has propelled prices above $30 per ounce, driving an almost 10% surge this week alone.
黄金价格上涨、美联储降息预期以及全球银供应短缺状况推高了银价，使其突破每盎司30美元，仅本周就飙升了近10%。
Several silver-focused ETFs have outperformed the broader market, benefiting from the rapid rise in prices. Here's a breakdown of their weekly performance as of 3 p.m. ET on Friday:
由于价格的急剧上涨，一些专注于白银的ETF的表现超过了整体市场。以下是它们截至周五下午3点（东部时间）的周表现。
| ETF | Performance (5D) | Best Week Since |
|---|---|---|
| iShares MSCI Global Silver Miners Fund (NYSE:SLVP) | +16.8% | Early April 2020 |
| Global X Silver Miners ETF (NYSE:SIL) | +16.7% | Fund Inception (2010) |
| Themes Silver Miners ETF (NASDAQ:AGMI) | +13.0% | Fund Inception (2024) |
| 交易所交易基金 | 表现（5日） | 最佳周表现自 |
|---|---|---|
| iShares MSCI全球白银矿业ETF (NYSE:SLVP) | +16.8% | 2020年4月初 |
| 全球黄金矿工ETF (纽交所:SIL) | +16.7% | 基金成立时间 (2010年) |
| 主题银矿工ETF (纳斯达克:AGMI) | +13.0% | 基金成立时间 (2024年) |
Worsening Silver Shortage
严重的白银短缺
The silver market's supply and demand dynamics are only tightening, pushing prices higher. A Silver Institute survey highlighted a growing supply deficit, with demand expected to outstrip supply by 265 million ounces (oz.) this year, marking the steepest shortage since 2020.
白银市场的供求动态只会越来越紧张，推高价格。白银协会的一项调查强调了供应逆差的增长，预计今年的需求将超过供应26500万盎司（oz），这是自2020年以来最严重的短缺。
In 2024, industrial demand for the metal is forecasted to rise to 710.9 million oz., up from 654 million oz. in 2023, driven largely by increased use in photovoltaic cells for solar energy production.
预计到2024年，金属的工业需求将从2023年的65400万盎司（oz）上升到71090万盎司（oz），主要是由于在太阳能电池的增加使用。
This demand spike is colliding with a flat supply, creating a structural deficit that's driving prices upward.
这种需求激增正与供应保持平稳形成结构性逆差，推动价格上涨。
Fed Rate Cuts Could Fuel Further Gains
联邦储备降息可能进一步推动涨势。
Investor sentiment around silver and other precious metals is being buoyed by expectations of a near-term Federal Reserve interest rate cut.
对白银和其他贵金属的投资者情绪受到即将到来的美联储降息预期的支持。
With inflation data aligning with a broader disinflationary trend, market odds currently point to a 49% chance of a 50-basis-point cut during next week's Fed meeting, with the remaining expectations on a 25-basis-point cut, as per CME FedWatch.
通胀数据与更广泛的反通胀趋势相符，目前市场预期下周美联储会议有49%的概率会降低50个基点，其余预期降低25个基点，根据CME FedWatch所述。
Falling Treasury yields and a weaker dollar have further supported precious metals.
下跌的国债收益率和疲软的美元进一步支持了贵金属。
Gold prices have soared to fresh all-time highs, surpassing $2,560/oz., with silver rallying alongside, notching five consecutive positive trading days this week—its longest winning streak since July.
黄金价格已飙升至创纪录高点，超过2560美元/盎司，白银随行上涨，在本周连续五个交易日均呈正值，这是自7月以来的最长连胜。
Top-Performing Miners
表现最好的矿商
Silver mining stocks have outpaced the metal itself, with some posting massive gains. Here are the five top-performing miners this week:
白银矿商的表现超过了白银本身，其中一些矿商获得了巨大的收益。以下是本周表现最好的五家矿商：
| Name | Price Chg. % (5D) |
| Coeur Mining, Inc. (NYSE:CDE) | 37.22% |
| Gatos Silver, Inc. (NYSE:GATO) | 33.87% |
| Hycroft Mining Holding Corporation (NASDAQ:HYMC) | 28.16% |
| Hecla Mining Company (NYSE:HL) | 25.05% |
| AYA Gold & Silver Inc. (OTCPK: AYASF) | 22.94% |
| 姓名 | 价格涨跌幅（5天） |
| Coeur Mining, Inc. (NYSE:CDE) | 37.22% |
| Gatos Silver, Inc.（纽交所：GATO） | 33.87% |
| Hycroft Mining Holding Corporation (纳斯达克:HYMC) | 28.16% |
| Hecla Mining Company (纽交所:HL) | 25.05% |
| AYA Gold & Silver Inc. (非上市市场:AYASF) | 22.94% |
Image: Shutterstock
图片：shutterstock
