In 2025, gold and silver markets have experienced notable movements characterized by historic highs and corrections influenced by economic factors. Gold mining stocks, particularly those tracked by the VanEck Vectors Gold Miners ETF ($GDX) and its junior counterpart ($GDXJ), have shown strong performance, breaking out to new multi-year highs. These stocks have risen approximately 67% year-to-date, reflecting robust investor interest despite some declines in gold prices themselves. Many gold miners have reclaimed their five-day moving averages, indicating strength in the sector. This trend suggests a potentially significant bull market in gold mining stocks, with gold continuing to lead year-to-date performance among commodities.