NEW YORK (TheStreet) -Welcome to Don Dion's Daily ETF Winners and Losers. Be sure to stop by each day to get a feel of who's winning and who's losing when it comes to ETFs.

Winners

iShares Silver Trust

(SLV) - Get Report

3.3%

Precious metals are powering higher as a result of resounding market concerns. Leading the march higher is silver, as indicated by the upward action from SLV and

ETFS Physical Silver Shares

(SIVR) - Get Report

.

From an equity perspective, small gold miners are finding strength as well, leading

Market Vectors Junior Gold Miners ETF

(GDXJ) - Get Report

to gains.

iPath S&P 500 VIX Short Term Futures ETN

(VXX) - Get Report

3.0%

The European sovereign debt crisis and economic storms facing other corners of the globe are leading the fear-based VIX ETNs higher. The VXX's recent three-day run has led the fund to nearly revisit previous November highs. The same can be said for fellow VIX ETN, the

iPath S&P 500 VIX Mid-Term Futures ETN

(VXZ) - Get Report

.

VXX and VXZ are not appropriate for long-term investors. These funds should be utilized only by short term, sophisticated traders.

Emerging Global Shares INDXX India Infrastructure Index ETF

(INXX)

2.1%

Despite the economic turmoil facing many regions of the globe, emerging market-focused ETFs to be a popular destination for internationally minded investors. INXX is one of three funds offered by Emerging Global Shares which attempts to tap into the infrastructure picture of some of the most popular developing nations.

Losers

iPath Dow Jones UBS Natural Gas Total Return Subindex ETN

(GAZ) - Get Report

-3.9%

Heavy supplies of natural gas are weighing on futures prices and the exchange-traded products designed to track them. GAZ and

United State Natural Gas Fund

(UNG) - Get Report

are adding to Monday's losses with the premium laden iPath option leading with way lower.

On Tuesday, the domestic natural gas industry gathered headlines on news that the New York government approved a six-month drilling moratorium. According to

Reuters

, this halt will allow agencies to examine the health effects of fracking.

iPath Dow Jones UBS Sugar Total Return Subindex ETN

(SGG) - Get Report

-3.8%

Sugar futures continue to trade in a choppy manner, erasing Monday's gains in light of news that India may allow exports in December.

It appears to have stabilized but SGG continues to trade off its all-time highs it witnessed at the start of the month. Although SGG will be an exciting fund to watch as we head towards the end of 2010, I will be doing so from the sidelines.

Market Vectors Indonesia ETF

(IDX) - Get Report

-3.1%

IDX which has seen some of the strongest performance among all ETFs in 2010 is getting knocked today from the ongoing volcanic activity threatening the nation.

This natural disaster will likely lead IDX and other funds that track the Asian nation to perform in a volatile manner in the coming days. Investors should be ready for some shaky action.

Guggenheim Solar Energy ETF

(TAN) - Get Report

-3.0%

Trina Solar

(TSL)

announced its quarterly earnings report this morning and, despite seeing its earnings more than double, the company tumbled close to 5% lower. TSL's poor performance is weighing on TAN, which lists the firm as its second largest position, representing a 6% slice of its portfolio.

Fellow TAN constituent Solarworld is fairing poorly today as well, tumbling over 7% in early afternoon trading.

All prices as of 2:15 PM EST

Written by Don Dion in Williamstown, Mass.

At the time of publication, Dion Money Management does not own any of the equities mentioned.

This commentary comes from an independent investor or market observer as part of TheStreet guest contributor program. The views expressed are those of the author and do not necessarily represent the views of TheStreet or its management.