Sprott Silver Miners ETF Underperforms
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jun 24 2026
0mins
Source: NASDAQ.COM
- ETF Performance: The Sprott Silver Miners & Physical Silver ETF is down approximately 5.2% in Wednesday afternoon trading, indicating a weak sentiment towards silver-related assets that may impact investor confidence.
- Weak Individual Stocks: Among the ETF's components, Americas Gold and Silver fell about 8.3%, while Hycroft Mining Holding dropped approximately 8.2%, reflecting operational challenges and market pressures faced by these companies.
- Market Sentiment Impact: The decline in the silver mining ETF may be linked to a broader market decrease in safe-haven demand for precious metals, leading investors to shift towards other asset classes, which could affect silver price stability.
- Investor Focus: As silver prices become more volatile, investors should monitor the financial health of related companies and market trends to make more informed investment decisions.
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Analyst Views on ABSI
Wall Street analysts forecast ABSI stock price to fall
7 Analyst Rating
6 Buy
1 Hold
0 Sell
Strong Buy
Current: 11.330
Low
4.32
Averages
7.66
High
10.00
Current: 11.330
Low
4.32
Averages
7.66
High
10.00
About ABSI
Absci Corporation is a clinical-stage biopharmaceutical company advancing therapeutics with generative design. Its Integrated Drug Creation platform combines artificial intelligence (AI) models with a synthetic biology data engine, enabling the design of therapeutics that address challenging therapeutic targets. Its approach leverages a continuous feedback loop between advanced AI algorithms and wet lab validation. Alongside collaborations with pharmaceutical, biotech, tech, and academic companies, the Company is advancing its own pipeline of AI- designed therapeutics. These include ABS-101, an antibody to treat inflammatory bowel disease (IBD), as well as other indications, and ABS-201, for hair regrowth with the potential to redefine treatment possibilities for androgenetic alopecia, commonly known as male and female pattern baldness. It has four wholly owned, internally developed programs focusing on cytokine biology. Its other pipeline programs include ABS-301 and ABS-501.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Architectural Advantage: The patent application emphasizes the importance of biological context, with CEO Jennifer Bath, Ph.D., arguing that future competitive advantages will stem from structured biological data rather than individual AI models, aiming to enhance efficiency in drug discovery.
- Commercial Application Potential: MindWalk's ReefIQ™ and LensAI™ platforms are establishing contractual relationships with life sciences customers, and the patent protection will support the future development of these platforms, with AI spending in drug discovery projected to grow from $5 billion in 2026 to over $8 billion by 2030.
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- Market Potential Analysis: According to third-party estimates, spending on AI in drug discovery is projected to grow from approximately $5 billion in 2026 to over $8 billion by 2030, and MindWalk's patent application aims to secure a favorable position in this rapidly expanding market.
- Technological Architecture Innovation: The patent application builds on MindWalk's foundational HYFT patent, aiming to protect a unique computational layer that allows structured representation of biological data to support AI model reasoning and comparison, thereby improving drug discovery efficiency.
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Sprott Silver Miners ETF Underperforms
- ETF Performance: The Sprott Silver Miners & Physical Silver ETF is down approximately 5.2% in Wednesday afternoon trading, indicating a weak sentiment towards silver-related assets that may impact investor confidence.
- Weak Individual Stocks: Among the ETF's components, Americas Gold and Silver fell about 8.3%, while Hycroft Mining Holding dropped approximately 8.2%, reflecting operational challenges and market pressures faced by these companies.
- Market Sentiment Impact: The decline in the silver mining ETF may be linked to a broader market decrease in safe-haven demand for precious metals, leading investors to shift towards other asset classes, which could affect silver price stability.
- Investor Focus: As silver prices become more volatile, investors should monitor the financial health of related companies and market trends to make more informed investment decisions.
See More
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- Patent Application Background: MindWalk Holdings Corp. filed European patent application EP26187897.9 in June 2026 to protect high-dimensional biological data structures underpinning its HYFT® technology, reflecting the company's focus on the biological data layer in response to the increasing interchangeability of AI models.
- Architectural Advantage: The patent application emphasizes the importance of biological context, with CEO Jennifer Bath, Ph.D., arguing that future competitive advantages will stem from structured biological data rather than individual AI models, aiming to enhance efficiency in drug discovery.
- Commercial Application Potential: MindWalk's ReefIQ™ and LensAI™ platforms are establishing contractual relationships with life sciences customers, and the patent protection will support the future development of these platforms, with AI spending in drug discovery projected to grow from $5 billion in 2026 to over $8 billion by 2030.
- Preclinical Results Showcase: MindWalk has reported preliminary results in preclinical studies for dengue and influenza, where HYFT® technology helped identify biological patterns; although further research is needed to validate clinical translation potential, it demonstrates the promising application of this technology in drug discovery.
See More
MindWalk Files European Patent for Biological Data Architecture Underpinning AI Drug Discovery
- Patent Application Overview: MindWalk Holdings Corp. filed European patent application EP26187897.9 in June 2026 to protect high-dimensional biological data structures underpinning its HYFT® technology, which is expected to enhance its competitive edge in the biopharmaceutical sector.
- Market Potential Analysis: According to third-party estimates, spending on AI in drug discovery is projected to grow from approximately $5 billion in 2026 to over $8 billion by 2030, and MindWalk's patent application aims to secure a favorable position in this rapidly expanding market.
- Technological Architecture Innovation: The patent application builds on MindWalk's foundational HYFT patent, aiming to protect a unique computational layer that allows structured representation of biological data to support AI model reasoning and comparison, thereby improving drug discovery efficiency.
- Industry Context and Competitive Advantage: In a landscape where AI models are becoming increasingly interchangeable, MindWalk emphasizes that the protection of its biological data layer will be crucial for maintaining a lasting competitive advantage, helping the company stand out in the fast-evolving life sciences AI field.
See More
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- Oil Price Boost for UAL: United Airlines' stock reached a record high of $130.6 as benchmark oil prices fell to their lowest levels since before the Iran conflict, alleviating supply disruption fears and enhancing profit outlook.
- Tech Innovations Drive Growth: The airline launched its first transatlantic flight equipped with SpaceX's Starlink and partnered to offer live TV during flights, reinforcing investor confidence in its long-term strategy.
- Surge in Fiber Network Demand: Corning's stock hit $217.09 as investors focused on the rising demand for optical networking components amid the AI boom, particularly due to a long-term deal with Amazon that is expected to significantly boost product demand.
- Positive Clinical Data for ABS-201: Absci's stock climbed to a four-year high of $11 after promising results for its hair-loss treatment ABS-201 and completing a $100 million public offering, attracting several prominent investors.
See More
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- Clinical Trial Progress: Absci's experimental drug ABS-201 demonstrated good tolerability in healthy volunteers with no serious side effects, and testing on actual pattern hair loss patients is expected to begin in the second half of 2026, further validating its efficacy.
- Funding Plan: To support the development of ABS-201 for both hair loss and endometriosis, Absci priced an offering of approximately 13.5 million shares at $7.41 each, aiming to raise about $100 million, with proceeds primarily allocated for clinical research and corporate needs.
- Positive Market Reaction: Following the announcement of encouraging clinical trial results, Absci's stock surged 36% on Wednesday, potentially marking its best single-day performance ever, reflecting strong investor confidence in the drug's market potential.
- Optimistic Analyst Ratings: Among the 11 analysts covering ABSI, 10 rated it as 'Buy' or higher, with a 12-month price target of $9.61, indicating a potential upside of 30% from Tuesday's close, showcasing a positive outlook on its future performance.
See More
Sprott Silver Miners ETF Underperforms
- ETF Performance: The Sprott Silver Miners & Physical Silver ETF is down approximately 5.2% in Wednesday afternoon trading, indicating a weak sentiment towards silver-related assets that may impact investor confidence.
- Weak Individual Stocks: Among the ETF's components, Americas Gold and Silver fell about 8.3%, while Hycroft Mining Holding dropped approximately 8.2%, reflecting operational challenges and market pressures faced by these companies.
- Market Sentiment Impact: The decline in the silver mining ETF may be linked to a broader market decrease in safe-haven demand for precious metals, leading investors to shift towards other asset classes, which could affect silver price stability.
- Investor Focus: As silver prices become more volatile, investors should monitor the financial health of related companies and market trends to make more informed investment decisions.
See More
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- Market Performance: The NASDAQ 100 Pre-Market Indicator rose by 160.39 points to 29,507.66, reflecting investor optimism that could drive positive performance in upcoming trading sessions.
- Active Stocks: Wendy's Company (WEN) increased by $1.4644 in pre-market trading with a volume of 18,113,633 shares, currently priced at $7.72, which is 96.49% of its target price of $8, indicating strong buying interest.
- Short Interest Rates: Absci Corporation (ABSI) and Sunrun Inc. (RUN) have short interest days of 7.48 and 7.90 respectively, suggesting high demand for these stocks that may influence their future price movements.
- Target Price Analysis: Novartis AG (NVS) is currently priced at $153.51, exceeding its target price of $142 by 108.11%, demonstrating market confidence in its future growth and potentially attracting more investor attention.
See More
