Market Movers: iShares Silver Trust Up 12%

Silver is now at historic highs above $115.

Not only has that been great for silver stocks, but also for ETFs such as the iShares Silver Trust (NYSEARCA: SLV | SLV Price Prediction). Since December, the SLV ETF exploded from about $52 to $104.64.

The best part – there’s more upside ahead. All thanks to structural deficits, industrial demand, and safe-haven buying with geopolitical issues.

“The nonstop barrage of news out of Washington in recent weeks — from Venezuela to Iran to Greenland, as well as attacks on U.S. Federal Reserve independence — has added to conviction in precious metals, as signs of a more interventionist U.S. government drive investors into safe haven assets,” added CNBC.

USA Rare Earth 

Last week, we noted that US Rare Earth (NASDAQ: USAR) was rocketing on heavy volume. All after analysts at Benchmark initiated a buy rating on USAR with a price target of $15.

At the time, Benchmark noted that USAR’s plans to construct a 1,600-metric-ton-per-annum oxide processing facility in Lacq, which is scheduled for commissioning in late 20, will help strengthen the supply chain for rare earth in Europe.

Today, USAR is up about 18%, or by about $4.55 to $29.31, on news that the Trump Administration took an equity stake. In fact, it’s expected to provide USAR with a loan of about $1.3 billion and $277 million in federal funding.

As noted by CNBC, “The capital infusion from the Trump administration will help USA Rare Earth advance its plan to build a magnet manufacturing plant in Stillwater, Oklahoma, and a mine at a rare earth deposit in Texas called Round Top.” 

Apple 

Apple (NASDAQ: AAPL) is up about $6.16 a share at $254.20.

All after JPMorgan boosted its price target ahead of earnings, thanks to iPhone demand. The firm reiterated its overweight rating on Apple. It also raised its price target to $315 from $305 ahead of Apple’s first-quarter earnings report on Thursday.

“We see a positive set up for the shares heading into F1Q26 (Dec-end) earnings print as AAPL shares are trading at 30x NTM P/E, below the peak multiple that is typical for the shares heading into a key iPhone product cycle (previous peak of ~32x into 5G cycle), in combination with the modest upsides in relation to both F1Q26 print and the F2Q26 outlook,” added the firm, as quoted by CNBC.