Fund BasicsSee More
- Fund Family PureFunds
- Assets Under Management 459,435,000
- Market Capitalization, $K 459,435
- Shares Outstanding, K 28,100
- 60-Month Beta 1.54
|Period||Period Low||Period High||Performance|
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+4.89 (+41.69%)since 07/02/20
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+7.06 (+73.85%)since 05/05/20
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+6.31 (+61.20%)since 08/05/19
Wall Street has been steady in July despite rising coronavirus cases.
Silver price soared 15% last week, bringing year-to-date gains of 28%. With this surge, the white metal is outpacing gold, which has rallied 24% so far this year.
We entered the third quarter some weeks ago with no abatement (rather surges) on the virus front and several U.S. states reversing the course of economic reopening.
Gold is already hovering around a record high level and silver is hovering around a six-year high. But silver ETFs have rallied faster than gold in the past month.
Silver has been on a stellar ride with prices climbing to the highest level in nearly four years. Notably, the precious metal has climbed 68% since mid-March.
Overall, the S&P 500 is down 1.6% this year (as of Jul 6, 2020) while the Nasdaq Composite has gained 16.3% in the year-to-date frame. The Dow Jones has suffered the most with 7.9% year-to-date loss.
Wall Street has been enjoying a huge rally this quarter buoyed by a booming technology sector, development of a coronavirus vaccine or treatment, easing of lockdown measures and a massive stimulus program....
Let us dig into some of the ETFs that are below $20 and are from the hottest areas currently. These low-priced ETFs could lead to huge gains in the coming months.
Silver gained nearly 24% in May, representing the biggest monthly jump in nearly a decade.
Silver started catching up with the gold rally and has been outshining in recent weeks as economies are reopening.