Silver exchange traded funds were up 4% in premarket trading Friday but the ETFs remain well below their 50-day moving averages after the big sell-off.
Precious metals ETFs were getting a boost from a weaker dollar.
The iShares Silver Trust (NYSEArca: SLV) rose 4% before the opening bell, while SPDR Gold Shares (NYSEArca: GLD) was up fractionally.
Gold has been performing relatively better than silver recently, pushing the gold/silver price ratio back up from multi-decade lows. A series of recent margin hikes from CME Group in silver futures has taken a tool on the metal. The silver ETF is down about 15% over the past month.