NEW YORK (TheStreet) -- Welcome to Don Dion's "ETF Winners and Losers." Be sure to stop by throughout the week to find out which ETFs are gaining or losing.

Winners

iShares Silver Trust

(SLV) - Get Report

3.8%

Monday's relentless stream of bad news sent droves of investors fleeing for shelter. Interestingly, despite being a popular safe haven asset class, gold struggled to hold up, falling alongside other members of the precious metals spectrum.

These losses, however, are being pared back as SLV and

iShares Gold Trust

(IAU) - Get Report

find footing. Gold's strength is helping to buoy the junior miners underlying the

Market Vectors Junior Gold Miners ETF

(GDXJ) - Get Report

.

United States Gasoline Fund

(UGA) - Get Report

1.9%

The futures-backed gasoline ETF is following up Monda's gains with another day of positive action. This spurt of strength is welcomed for the fund, which has struggled to stabilize over the past few weeks.

Fellow energy ETFs are not faring well. The

United States Oil Fund

(USO) - Get Report

and the

United States Natural Gas Fund

(UNG) - Get Report

are in negative territory.

iShares MSCI South Korea Index Fund

(EWY) - Get Report

1.4%

Amidst the choppy trading action, South Korea's marketplace is scoring standout gains. The strength from EWY comes after Monday's losses which pushed the fund below its 50-day moving average for the first time since mid-October.

The

Market Vectors Indonesia ETF

(IDX) - Get Report

and

Market Vectors Vietnam ETF

(VNM) - Get Report

are fellow Asia-linked products trading in positive territory.

Losers

Guggenheim Shipping ETF

(SEA) - Get Report

-2.3%

The global shipping industry is taking a heavy hit as investors express doubts about global growth prospects. SEA has descended to the all-time lows last seen in early October.

SEA is not a fund I would encourage investors to try their luck with. In the past, the fund has struggled to gather interest. Its average daily trading volume is just barely more than 50,000.

iPath Dow Jones UBS Sugar Subindex Total Return ETN

(SGG) - Get Report

-3.2%

The sugar futures-tracking SGG is tumbling for a fifth day, returning to levels seen last December. Other agriculture exchange traded products including the

Teucrium Corn ETF

(CORN) - Get Report

are also in the red.

In the face of crop price weakness, agriculture equities have been resilient. The

Market Vectors Agribusiness ETF

(MOO) - Get Report

is up over 0.5%.

iShares MSCI Austria Investable Market Index Fund

(EWO) - Get Report

-2.5%

Although nations like Italy and Spain continue to command headlines, the impact of Europe's economic woes can be felt across the region.

Since bouncing against its 50-day moving average in mid-November, the Austria ETF has struggled to gain footing. A string of heavy losses has sent the fund to new 2011 lows. EWO has not seen these levels since the first half of 2009.

All prices as of 2:15 PM EST

Written by Don Dion in Williamstown, Mass.

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At the time of publication, Dion Money Management owned iShares Gold Trust and Market Vectors Indonesia ETF.