---
title: "Weekly Recap | SLVR.US +1%, closing in on record highs"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/299503473.md"
description: "SLVR.US gained 1% this week to close at $60.84, up from $60.24 the prior Friday. The S&P 500 slipped 0.08%, leaving the fund roughly 1.08 percentage points ahead of the benchmark. Price action was uneven: the week opened at $58.27, slid to $55.87 by Wednesday, then recovered through Thursday and Friday, touching an intraday high of $61.351. Friday volume jumped to 303,030 shares, well above the 172,045 daily average, pointing to increased activity into the close."
datetime: "2026-09-19T04:11:34.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/299503473.md)
  - [en](https://longbridge.com/en/news/299503473.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/299503473.md)
generator: "portal-rs"
---

# Weekly Recap | SLVR.US +1%, closing in on record highs

## The Week

SLVR.US gained 1% this week to close at $60.84, up from $60.24 the prior Friday. The S&P 500 slipped 0.08%, leaving the fund roughly 1.08 percentage points ahead of the benchmark. Price action was uneven: the week opened at $58.27, slid to $55.87 by Wednesday, then recovered through Thursday and Friday, touching an intraday high of $61.351. Friday volume jumped to 303,030 shares, well above the 172,045 daily average, pointing to increased activity into the close.

## Sector News

Silver miners and precious metals names were in focus. Wheaton Precious Metals picked up a new buy rating and outlined plans to lift production 50% by 2030 without fresh capital. Americas Gold and Silver reported high-grade silver intercepts across Cosala and Galena, including silver grades of 654.7 g/t, 1,062 g/t and 1,891 g/t, while call options on the stock traded in large volume. Copper hit a record high as Chile posted its weakest output in 19 years, lifting sentiment across metals. Canadian miners led the TSX higher after the Fed rate hike eased inflation concerns. These moves describe sector mood and flow, not a direct driver of SLVR.US itself.

## The Week Ahead

US macro data picks up from midweek. The Richmond Fed composite index arrives on Tuesday, followed by EIA weekly crude and Cushing inventories on Wednesday. Thursday brings initial jobless claims, the current account balance, new home sales and EIA natural gas storage. New home sales are forecast at 0.608 versus 0.607 prior, offering a read on US demand. Precious metals stay sensitive to inflation expectations and inventory prints, so the sequencing of these releases is worth tracking.

## In Short

SLVR.US closed higher and beat the S&P 500, but the week’s wide range from $55.87 to $61.351 signals a divided tape. Exploration news kept the sector narrative warm, with high-grade silver results and external buy ratings supporting related miners. Flow data from the latest session shows large lots as net buyers while smaller lots were net sellers, leaving the fund’s own liquidity picture mixed. That split between upbeat mining news and uneven money flows leaves the next leg largely dependent on how macro data reprices inflation expectations.

*This article is generated by LongbridgeAI from market data, for information only and not investment advice.*

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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**