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Just noticed DBP hitting new highs lately - that precious metal ETF has been on quite a run. Up nearly 89% from its lows around $62.84, so clearly something's driving interest in this fund.
Makes sense when you think about what's going on. Gold and silver have been rallying pretty hard, and it's not random - geopolitical uncertainty, trade tensions between the US and Europe, plus talk of more Fed rate cuts coming in 2026. All that pushes people toward safe-haven assets. The weakening dollar doesn't hurt either. Silver's getting an extra boost from supply tightness and industrial demand picking up.
DBP itself tracks precious metal futures, mainly gold and silver contracts, so it's a straightforward play if you're looking to get exposure without picking individual metals. The annual fee is 73 basis points, which is reasonable for this kind of commodity fund.
Zacks has it rated as a Hold with medium risk, but the positive momentum signals suggest this metal ETF could keep running in the near term. Weighted alpha sitting at 94.43 is a decent indicator. Whether it's a long-term hold or just riding the current wave really depends on your risk tolerance and how you see the macro picture playing out.