Amplify Junior Silver Miners ETF Surges 9% as Yearly Gains Hit 131%
SILJ•The Amplify Junior Silver Miners ETF surged over 9% on May 6, extending its 12-month gain to 131%. The rally coincided with a 6% jump in silver prices, driven by dollar weakness, reduced oil risk premium and sustained physical demand.
1. ETF Performance and Returns
On May 6, the Amplify Junior Silver Miners ETF jumped more than 9%, marking its strongest single‐day advance in months. Over the past 52 weeks, SILJ has climbed 131%, reflecting the powerful bull market in silver and investor appetite for leveraged exposure to smaller mining firms.
2. Operational Leverage of Junior Miners
SILJ tracks a basket of smaller silver producers and royalty companies, which typically exhibit higher beta to metal prices. As spot silver rallies, these firms benefit from widening profit margins above production costs, amplifying gains relative to physical silver.
3. Key Drivers of the Precious Metals Rally
The surge stems from a weakening U.S. dollar, a more than 7% drop in oil prices on U.S.-Iran ceasefire prospects reducing geopolitical risk, and ongoing institutional demand for inflation hedges. Silver’s industrial uses in solar panels, electronics and EV batteries have further tightened supply, boosting prices.
