Silver has been an area to watch lately, given the surge in the metal's price. Silver ETF SLV gained 4.4% on August 7, 2025. The rally came amid a weakening U.S. dollar, persistent supply deficit, heightened global trade uncertainty and rising interest in precious metals as geopolitical and economic hedges. As mining stocks act as leveraged plays of the underlying metal, SIL has every reason to surge. More gains ahead? SIL might continue its strong performance in the near term, with a positive weighted alph ...