The iShares Silver Trust ( SLV) exchange-traded fund was one of Wednesday's main winners, rising 1.7% to $127.53 after silver futures closed higher by 15 cents at $12.78 an ounce.

Oil-related ETFs were also strong performers after crude rebounded from below $51 a barrel. The February crude contract was recently up 59 cents to $51.80.

The Oil Services HOLDRs ( OIH) was tacking on 1.6% to $130.39. The SPDR Oil & Gas Exploration & Production ( XOP) ETF was recently up 1.4% to $36.70. The Energy Select Sector SPDR ( XLE) ETF was gaining 1.3% to $55.58.

ETFs tracking homebuilders were also higher thanks to Lennar ( LEN), which posted a quarterly loss but provided a positive outlook. Shares were recently higher by 4.6%.

The iShares Dow Jones U.S. Home Construction ( ITB) ETF was higher by 1.7% at $40.98. The SPDR Homebuilders ( XHB) ETF was adding 1.2% to $36.89.

On the other hand, chip stocks were losing ground. Shares of Intel ( INTC) sank after the chipmaker said its price war with AMD ( AMD) isn't letting up. Intel also said its fourth-quarter profit dropped 39% year over year but topped analysts' estimates.

The Semiconductor HOLDRs ( SMH) was falling by 1.3% to $34.27. The iShares Goldman Sachs Semiconductor ( IGW) was giving back 0.7% to $61.74. The PowerShares Dynamic Semiconductors ( PSI) ETF was recently down 0.4% to $17.71.

The Internet Architecture HOLDRs ( IAH) was also one of the session's biggest losers. Holdings Cisco ( CSCO), Dell ( DELL) and Juniper Networks ( JNPR) were all lower by more than 2.5%, sinking the ETF by 77 cents, or 1.7%, to $44.13.

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