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

Global X Silver Miners ETF ( SIL) 3.0%

Commodities are staging a comeback after yesterday's sweeping decline. Benefiting from both this and the broad market's strength, precious metal miner ETFs are enjoying some of the day's strongest upward action.

SIL and the Market Vectors Junior Gold Miners ETF ( GDXJ) are topping the list.

iShares Silver Trust ( SLV) 1.9%

Silver is pushing higher at the end of the week, helping SLV lock in its first day of gains this month. Despite the metal's strength, however, SLV still has plenty of ground to cover before it returns to the breathtaking highs witnessed prior to this week's steep selloff.

United States Oil Fund ( USO) and United States Brent Oil Fund ( BNO) are other notable commodities-related funds that are powering back from yesterday's losses.

SPDR S&P Russia ETF ( RBL) 2.3%

Strength across the commodities spectrum is boding well for resource-heavy nations like Russia. RBL, Market Vectors Russia ETF ( RSX) and iShares MSCI Russia Capped Index Fund ( ERUS) are closing out this tumultuous week on a strong note.

Other international ETFs are also witnessing strength, including iShares MSCI BRIC Index Fund ( BKF) and iShares MSCI Pacific ex-Japan Index Fund ( EPP).

Losers

iPath S&P 500 VIX Short Term Futures ETN ( VXX) -2.1%

VIX-tracking ETFs such as VXX and iPath S&P 500 VIX Mid Term Futures ETN ( VXZ) enjoyed a nice run up during the first week of May trading. The funds, however, have reversed in light of Friday's market strength.

Despite their popularity in light of this jittery market, I urge conservative investors to steer clear of VXX and VXZ.

Teucrium Corn ETF ( CORN) -1.0

Corn is facing a second bout of weakness, leading the futures-based CORN to slip below its 50-day moving average. Sugar is also taking a hit, dragging iPath Dow Jones UBS Sugar Subindex Total Return ETN ( SGG) to losses.

The PowerShares DB Agriculture Fund's ( DBA) diversified index is proving itself today. Despite weakness from corn and sugar, the fund remains relatively unchanged.

iShares MSCI Spain Index Fund ( EWP) -1.9%

A number of Europe-related ETFs are heading lower, pressured by reports that Greece is mulling the possibility of leaving the euro. Spain, one of the region's most vulnerable components, is leading the retreat lower. The EWP has suffered losses every day this week.

All prices as of 2:16 PM EST
At the time of publication, Dion Money Management was long DBA.

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