This Under-the-Radar Precious Metals Play Has the Confidence of Hedge Fund Managers

With spot gold and silver prices up more than 40% over the past year, many investors have been diving into mining stocks. For example, the VanEck Gold Miners ETF (NYSEARCA:GDX) has surged more than 50%, while the Junior Gold Miners ETF (NYSEARCA:GDXJ) has soared 60%.

However, there are some other ways to play the gold and silver rush.

A-Mark Precious Metals (NASDAQ:AMRK) was a top contributor for Night Watch Investment Management in 2024, returning 48.1%. On the other hand, the company was the largest detractor for Riverwater’s Micro Opportunities Strategy in the fourth quarter, detracting 119 basis points from the fund’s performance.

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So what’s the verdict on this under-the-radar...