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.


iShares Dow Jones UBS Natural Gas Subindex Total Return ETN ( GAZ) 2.3%

The premium laden GAZ is leading the markets higher, bolstered by a strong storage report from the Energy Information Administration. The United States Natural Gas Fund ( UNG) is being pushed higher as well.

As of Wednesday, GAZ's premium stood at nearly 18%.

iShares Silver Trust ( SLV) 2.9%

Physically based silver funds, including SLV and the ETFS Physical Silver Shares ( SIVR), are powering higher, benefiting from rampant investor demand for the industry-linked precious metal.

Other precious metals ETFs are seeing gains. The small cap gold miner ETF is strengthening, helping it pocket a second day of gains.

Global X Uranium ETF ( URA) 1.4%

After a rocky start to the week, the uranium ETF is has managed to settle over the past couple days.

The uranium industry has gotten battered since the Japanese earthquake and, as Bloomberg points out, the prolonged weakness has stirred takeover speculation. This may prove to be an interesting fund to watch in the weeks ahead.


iShares MSCI All Peru Investable Market Index Fund ( EPU) -3.2%

Peru has been closely watched recently as the nation focused on its ongoing presidential election.

The government uncertainty has weighed heavily on EPU. The fund has faced a steady decline throughout the week, leading it to unwind most of the gains from the closing half of 2010.

iPath Dow Jones UBS Cotton Subindex Total Return ETN ( BAL) -1.8%

Crop prices are taking a shot today, funds including BAL, iPath Dow Jones UBS Sugar Subindex Total Return ETN ( SGG) and iPath Dow Jones UBS Grains Subindex Total Return ETN ( JJG) suffering notable losses.

Today's action highlights both the volatility of single crop funds and the stability of diversified options such as PowerShares DB Agriculture Fund ( DBA), which was unchanged in early afternoon trading.

iShares MSCI Russia Capped Index Fund ( ERUS) -1.5%

The Russian marketplace is running into headwinds, leading ERUS, SPDR S&P Russia ETF ( RBL) and the Market Vectors Russia ETF ( RSX) to notable losses.

On Thursday, Van Eck unveiled the Market Vectors Russia Small Cap ETF ( RSXJ), which provides investors with the first chance to track small companies in Russia. As usual, it will be best to hold off on RSXJ for now. Until the fund generates a following it could suffer from illiquidity issues.

All prices as of 2:15 PM EST

Written by Don Dion in Williamstown, Mass.


At the time of publication, Dion Money Management owned the PowerShares DB Agriculture Fund.

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